Exhibit 10.3
CONTRACT FOR PROJECT
This Contract is entered into effect on this day, April 1993, by and between
Xxxxx-Xxx Construction Co., Ltd. (hereinafter called "Party A") and Qualserve
Construction Co., Ltd.(hereafter called "Party B"). Both parties agre as
follows:
1. Project title: TPC Taichung ESP Steel Structure Units 5-8.
2. Jobsite: Taichung Fossil Power Plant
3. Project outline:
ITEM 3a: DE/CE Components
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No. Group Item Weight Unit Amount
(Tons) price
1. 310 CE-SYSTEM 33.196 61,100 2,028,275
2. 312 CE-CARRIR BEAM 408.0 2,090 9,012,720
3. 313/315 DISTANCING/RAPIER EAR242/814 31,960 7,760,335
4. 310 FASTENING BUSHES 18.708 125,020 2,338,874
5. 330 XX-XXXXXX W/O SHAFT 46.22 76,140 3,519,190
6. 331 XX-XXXXXX SHAFT 24.914 59,030 1,480,673
7. 370 DE-HOLDING FRAME 320.916 27,730 8,899,000
8. 350 DE-FRAME FIELD 1-6 736.678 37,600 27,699,092
9. 350 WEDGES 4.645 281,812 1,309,016
10. 350 CASH IRON 39.245 80,370 3,154,120
11. 360 DE-SUPPORT 17.753 56,400 1,001,269
12. 380/381 DE-RAPPING W/O SHAFT 48.726 57,340 2,793,948
13. 381 DE-RAPPING SHAFT 26.112 94,000 2,454,528
14. 380 DE-GEARBOX 26.982 56,400 1,521,785
15. 256 GW-RAPPING SYSTEM 11.200 62,608 702,218
TOTAL 2006.109 TON NT$75,665,043
ITEM 6: XXXXXX
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No. Group Item Weight Unit Amount
(Tons) price
1. 210 XXXXXX LOWER/UPPER 1126.8 30,860 34,773,048
2. 215 FLASHING IN XXXXXX 142.8 29,898 4,269,434
TOTAL 1269.6 TONS NT$39,042,482
ITEM 10: INLET/OUTLET NOZZLE
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No. Group Item Weight Unit Amount
(Tons) price
1. 251/252 RAW/CLEAN GAS HOOD 460.8 29,285 33,494,528
2. 253 CASDISTR WALL 60.0 67,225 4,033,500
ITEM 16: CASING
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No. Group Item Weight Unit Amount
(Tons) price
1. 232/233 INTERNAL BRACINGS 534.6 26,270 14,043,942
2. 231 SIDE WALL, UPPER PART 742 26,270 19,492,340
3. 000 XXXXXX XXXX, XXXX 192 28,936 5,555,712
4. 224 XXXXXX BEAM, TRANSV. 246 31,646 7,784,916
TOTAL 714.6 TONS NT$46,876,916
ITEM 20: DUCTWORK
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No. Group Item Weight Unit Amount
(tons) price
1. 411/412 RAW/CLEAN GAS DUCT 872 30,685 26,757,320
2. 122 UPPER STRUCTURE DUCT 276 27,975 7,721,100
3. 415 GUIDE VANS DUCT 73.6 27,625 2.,033,200
TOTAL 1221.6 TONS NT$36,511,620
GRAND TOTAL AMOUNT NT$215,624,083
4. The contracted total price:
1) Account shall be settled by having total weight on the parts list
multiplied by unit price for individual items.
2) The said unit price for individual items does not include 5% VAT.
5. Terms of payment: According to mode of payment of Taipower, party A shall
pay to party B by at-sight cheque within 7 days after party A has received
from Taipower the payment covering items to be fabricated and provided by
party B.
6. Work duraation: according to the terms between party A and Walther & CIE
7. The liquidation damages: according to th terms between party A and WCA
8. Rush work: when necessary, party A may demand party B for overtime work at
no cost to party A. If party B fails to comply with such demand, party A
may assume such overtime work at cost of party B which shall be deductible
from payments. If the amount of such payment is insufficient for deduction,
party B or its guarantor shall make it up.
9. Party B shall provide office facility and telephone for use by the
construction supervisors from party A or WCA who will be stationed at
Jobsite.
10. Party B may assign th experienced personnel in charge of delivery of
materials at the palce designated by Taipower.
11. Within 5 days after having delivered materials to jobsite, party B shall
submit debit not together with relevant papers to party A. Within 7 days
upon receipt of such debit note, party A shall proceed with procedures to
request payment from Taipower.
12. For relevant matters not specified hereunder, both parties may sign a
memorandum which shall have the same effect as the contract.
13. Distribu;tion of the contract:
This contract shall be produced in duplicate, ach for party A and party B
(each party shall glue duty stamps onto the contract), plus 2 photocopies
for party A. The contract shall include the following annexes:
1) TPC General Terms and bidding
2) TPC specification 1292-ms-50 dated Apr. 1992
3) WCA Specification for fabrication of steel structure, platwork,
internal and misc. equipment, dated Feb. 21, 1993.
PARTY A:
Xxxxx-xxx Construction Co., Ltd.
Responsible person: LU, HSIUNG
Address:#236, Jen-liln Road, Xx Xxx Village, Xxx-xx Xxxxxx, Kaohsiung County
PARTY B:
Qualserve Construction Co., Ltd
Responsible person: X.X. Xxxx
Address: 13, Land 00, Xxxxxx X. Xxxxxx, Xxxxxxxx Xxxxxxxx, Xxxxxxxxx Xxxxxx
