Report No. 7_Conclusion of the Contract for the Construction of the BaseCamp Student House in Łódź at ul. Rembielińskiego 16/18
The Management Board of Mostostal Warszawa S.A. ("Company") informs that on March 8, 2019. has concluded with ST Łódź Rembielińskiego Sp. z o. o. ("Employer") contract for the implementation of the task titled "Construction of the BaseCamp student house in Łódź at 16/18 Rembielińskiego Street".
Contract value of the: PLN 110 million gross.
Implementation period: 17 months and 23 days.
Payment terms: 30 days from delivery of a correctly issued VAT invoice.
1. 10 years for the construction, the impermeability of the facade and the impermeability of the roof,
2. 5 years for all other works that do not form part of the works listed in item 1 above,
3. not less than two years for materials and devices, in accordance with the manufacturer's warranty.
1. 10 years for the construction, façade, insulation against outdoor water, including the roof system, and the Contractor's Design,
2. 3 years for other works,
3. at least 2 years from the date of signing the Building Acceptance Protocol in relation to the Project for all materials and equipment that form part of the Works, they will have a manufacturer's guarantee and warranty.
Due performance security of: bank guarantee in the amount of 10% of contractual remuneration, ie PLN 89.9 million net.
Article 17 paragraph 1 MAR - confidential information