Exhibit 10.3
CONTRACT FOR PROJECT
This Contract is entered into effect on this day, April 1993, by and between
▇▇▇▇▇-▇▇▇ 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 ▇▇-▇▇▇▇▇▇ W/O SHAFT 46.22 76,140 3,519,190
6. 331 ▇▇-▇▇▇▇▇▇ 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: ▇▇▇▇▇▇
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No. Group Item Weight Unit Amount
(Tons) price
1. 210 ▇▇▇▇▇▇ LOWER/UPPER 1126.8 30,860 34,773,048
2. 215 FLASHING IN ▇▇▇▇▇▇ 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. ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇ 192 28,936 5,555,712
4. 224 ▇▇▇▇▇▇ 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:
▇▇▇▇▇-▇▇▇ Construction Co., Ltd.
Responsible person: LU, HSIUNG
Address:#236, Jen-liln Road, ▇▇ ▇▇▇ Village, ▇▇▇-▇▇ ▇▇▇▇▇▇, Kaohsiung County
PARTY B:
Qualserve Construction Co., Ltd
Responsible person: ▇.▇. ▇▇▇▇
Address: 13, Land ▇▇, ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇
