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SGTM Marruecos

Marina Casablanca
11th May 2009

1
Index

1. Description of materials page 3


2. Presentation page 4
3. Quotation A : Formwork for Rectangular flats page 4
A.Details of Works page 5
B.Technical Study page 5
 B.1 Execution Diagrams page 6
C. Price Study page 7
D. Total Ex-Works Price page 7
4. Quotation B : Formwork for Rect.+Triangular flats page 8
A.Details of Works page 8
B.Technical Study page 8
 B.1 Execution Diagrams page 9
C. Price Study page 10
D. Total Ex-Works Price page 10
5. Total Quotation A+B page 11
6. Repurchase option page 12
7. General Conditions page 13

Annex I : Details of System page 15

OFE0167492 2
1. Description of Materials

OFE0167492 3
2. Presentation

SGTM
Casablanca (Morocco)
Registro Mercantil de Madrid, Tomo 2.454 General 1.804, Sección 3ª del libro de Sociedades, Folio 60, Hoja nº 15.794. Nº I.F.A.-28/228690

Att. Mr. Karim Darrab

RW Madrid, 8 de December de 2021

OFE0167491: “Casablanca Marina” in Casablanca

Dear Sirs:

Based on the information received, we have prepared the following quote of our
materials for the construction of the Casablanca Marina.

It consist on the sale of material for two independent sets of formwork for the execution
of the rectangular floors of Buildings 1 and 2 (Quotation A) and the execution of triangular and
rectangular floors of Building 3 (Quotation B).

OFE0167492 4
3. Quotation A : Formwork for “Rectangular” flats
with E-4 System.

3.A) DETAILS OF WORKS

- Total surface : 16.000 m²

- Open height : 3,30 m

- Slab type : Grid Formwork with 20 + 10 coffers

- Requested surface : 815 m²

3.B) TECHNICAL STUDY OF SLABS

According to your request, we recommend the following execution plan:

Formwork material (1+2,5) : 815 m² of Grid formwork + Coffers


2.038 m² of support system.

OFE0167492 5
3.B.1.) EXECUTION DIAGRAM

RECTANGULAR FLAT: EXECUTION PLAN


0 7 14 21 28 35 42 49 56 63 70 77 84 91 98 105 112 119 126 133 140
DAY
Building 1 : 70 days Buiding 2 : 70 days

Formwork Propped DAILY EXECUTION PLAN : WORKS AND RECOVERING


m2 Nº Mod m2 Nº Mod. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41
400 1 400 1 F F C c c c D p p p p p p p p p p p p p p p p p D
400 2 400 2 W P F F C c c c D p p p p p p p p p p p p p p p p p D
800 400 3 W P F F C c c c D p p p p p p p p p p p p p p p p p D
400 4 W P F F C c c c D p p p p p p p p p p p p p p p p p D
400 5 W P F F C c c c D p p p p p p p p p p p p p p p p p D
2.000 W P F F C c c c D p p p p p p p p p p p p p p p p
W P F F C c c c D p p p p p p p p p p p p p p
W P F F C c c c D p p p p p p p p p p
W P F F C c c c D p p p p p p p p
,,,
,,,
,,,

Concreting Module (CM): 1/2 flat. Aprox. 400 m²


Symb. Works Days
Turn Rate: 7 days .
Execution rythm: 2 CM / 7 days = 1 CM / 3,5 days
W Walls 1
P Pillars 1 BUILDING 1
F Formwork 2 Flat Surface: 800 m² B.1 -- B.2 16.000 m²
C Concreting (and mesh) 1 Total nº CM : 10 flats x 2 (CM/flat) = 20 CM
c couring 3 Time frame: 20 CM x 3,5 days = 70 days Required Formwork surface: 2 x 400 = 800 m² Aprox. 1 flat
D Dissambling 1 Start Day : 1 Required Propped surface: 6 x 400 = 2.400 m² Aprox. 3 flats
p Propped 17 End Day : 70 Time frame: 140 days

BUILDING 2
Flat Surface: 800 m²
Total nº CM : 10 flats x 2 (CM/flat) = 20 CM
Time frame: 20 CM x 3,5 days = 70 days
Start Day : 71
End Day : 140

6
3.C) PRICE STUDY.

Details of materials required for 810 m 2 of Formwork + 2.038 m² of E-4 Support


System : 800 m² (1+2,5)

Price Total
Ref. Description Uts.
€/ud €
  E-4 Grid Formwork+Coffers+Wood 815 m²      
1001546 Cross beam 2200 (E-4) 315 29,78 9.380,70
2016479 Cross beam 3450 (E-4) 37 44,53 1.647,61
2016218 Cross beam 2500 (E-4) 5 21,42 107,10
2016215 Cross beam 3750 (E-4) 24 31,40 753,60
2016289 Cross beam support 4100 N-14 107 42,73 4.572,11
2016478 Head (E-4) 332 4,23 1387,76
1001048 Wood board 820/758/27 550 16,15 8.882,50
1001142 Coffer 20 N-14 684 50,56 34.583,04
61.739,42

  E-4 Support System 2,5 x 800 m² =2.000 m²      


2016478 Head (E-4) 830 4,23 3.469,40
3.469,40

  Props      
1001251 4 meter Prop 2336 14,25 33.288,00
33.288,00

  Extra materials for specific works      


2016436 Cross beam edges 1,00 m 50 8,50 425,00
1001129 Assembly Tool 2   0,00
425,00

TOTAL EX-W. 98.505,70

3.D) TOTAL EX-WORKS PRICE

Price of 800 m2 of E4 formwork system with 20 cm N14 coffers + 2.000 m 2 of support


system:

EX-Works Torija (warehouse): 98.505, 70 €

7
4. Quotation B : Formwork for “Rect + Triangular” flats
with E-4 System.

4.A) DETAILS OF WORKS

- Total surface : 10.000 m²

- Open height : 3,30 m

- Slab type : Grid Formwork with 20 + 10 coffers

- Requested surface : 1.200 m²

3.B) TECHNICAL STUDY OF SLABS

According to your request, we recommend the following execution plan:

Formwork material (1+2,5) : 1.200 m² of Grid formwork + Coffers


3.000 m² of support system.

OFE0167492 8
4.B.1.) EXECUTION DIAGRAM

RECTANGULA+TRIANGULAR FLAT : EXECUTION PLAN


0 7 14 21 28 35 42 49 56 63 70 77 82 91 98 105 112 119 126 133 140
DAY
Buiding 3 : 70 days

Formwork Propped DAILY EXECUTION PLAN : WORKS AND RECOVERING


m2 Nº Mod m2 Nº Mod. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
400 1 400 1 F F C c c c D p p p p p p p p p p p p p p p p p D
400 2 400 2 W P F F C c c c D p p p p p p p p p p p p p p p p p D
400 3 400 3 W P F F C c c c D p p p p p p p p p p p p p p p p p D
1.200 400 4 W P F F C c c c D p p p p p p p p p p p p p p p p p D
400 5 W P F F C c c c D p p p p p p p p p p p p p p p p p D
400 6 W P F F C c c c D p p p p p p p p p p p p p p p p p D
400 7 W P F F C c c c D p p p p p p p p p p p p p p p p p D
3.000 W P F F C c c c D p p p p p p p p p p p p p p p p
W P F F C c c c D p p p p p p p p p p p p p
W P F F C c c c D p p p p p p p p p p p
W P F F C c c c D p p p p p p p p
,,,

Concreting Module (CM): Aprox. 400 m²


Symb. Works Days
Turn Rate: 7 days .
Execution rythm 1.200 m² flat: 3 CM / 7 days = 1 CM / 2,3 days
W Walls 1 Execution rythm 815 m² flat: 2 CM / 7 days = 1 CM / 3,5 days
P Pillars 1
F Formwork 2 BUILDING 3
C Concreting (and mesh) 1 Total nº CM : 5 flats x 3 (CM/flat) =15 CM B.3 10.000 m²
c couring 3 Time frame: 15 CM x 2,3 days = 35 days
D Dissambling 1 Required Formwork surface: 3 x 400 = 1.200m²
p Propped 17 Total nº CM : 5 flats x 2 (CM/flat) =10 CM Required Propped surface: 7,5 x 400 = 3.000 m²
Time frame: 10 CM x 3,5 days = 35 days Time frame: 70 days

TOTAL TIME FRAME: 35 + 35 = 70 DAYS

Start Day : 70
End Day : 140

Notice the execution rythm depends on the flat surface: Walls and pillars coffage don't allow the execution of one concreting module every 2,3 days on rectangular flats. That's the reason why we have considerered two different values for the execution
rythm.

9
4.C) PRICE STUDY.

Details of materials required for 1.600 m 2 of Formwork + 4.000m² of E-4 Support


System.

Price Total
Ref. Description Uts.
€/ud €
  E-4 Grid Formwork+Coffers+Wood 1.200 m²      
1001546 Cross beam 2200 (E-4) 541 29,78 16.110,98
2016479 Cross beam 3450 (E-4) 44 44,53 1.959,32
2016218 Cross beam 2500 (E-4) 5 21,42 107,10
2016215 Cross beam 3750 (E-4) 28 31,40 879,20
2016289 Cross beam support 4100 N-14 162 42,73 6.922,26
2016478 Head (E-4) 565 4,18 2.361,70
1001048 Wood board 820/758/27 942 16,15 15.213,30
1001142 Coffer 20 N-14 1066 50,56 53.896,96
97.986,32

  E-4 Support System 2,5 x 1.200 m² =3.000 m²      


2016478 Head (E-4) 1413 4,18 5.904,25
5.904,25

  Props      
1001251 4 meter Prop 3587 14,25 51.114,75
51.114,75

  Extra materials for specific works      


2016436 Cross beam edges 1,00 m 63 8,50 535,50
1001129 Assembly Tool 2   0,00
535,50

TOTAL EX-W. 155,018,95

3.D) TOTAL EX-WORKS PRICE

Price of 1.200 m2 of E4 formwork system with 20 cm N14 coffers + 3.000 m 2 of


support system:

EX-Works Torija (warehouse): 155.018,95 €

10
5. Total Quotation A+B: Formwork for “800+1.200” m²
and Support System (1+2,5) with E-4 System.

Price Total
Ref. Description Uts.
€/ud €
  E-4 Grid Formwork+Coffers+Wood 1.200 m²      
1001546 Cross beam 2200 (E-4) 856 29,78 25.491,68
2016479 Cross beam 3450 (E-4) 81 44,53 3.606,93
2016218 Cross beam 2500 (E-4) 10 21,42 214,20
2016215 Cross beam 3750 (E-4) 52 31,40 1.632,80
2016289 Cross beam support 4100 N-14 269 42,73 11.494,37
2016478 Head (E-4) 897 4.18 3.704,61
1001048 Wood board 820/758/27 1492 16,15 24.095,80
1001142 Coffer 20 N-14 1750 50,56 88.480,00
158.720,39

  E-4 Support System 2,5 x 1.200 m² =3.000 m²      


2016478 Head (E-4) 2243 4,18 9.263,59
9.263,59

  Props      
1001251 4 meter Prop 5923 14,25 84.402,75
84.402,75

  Extra materials for specific works      


2016436 Cross beam edges 1,00 m 113 8,50 960,50
1001129 Assembly Tool 4   0,00
960,50

TOTAL EX-W. 253.347,23

Price of 2.000 m2 of E4 formwork system with 20 cm N14 coffers + 5.000 m 2 of


support system:

EX-Works Torija (warehouse): 253.347, 23 €

C/F Shipment Torija – Casablanca: 20.000, 00 €

______

TOTAL CIF 273.347, 23 €

OFE0167492 11
6. Repurchase Option

6, 1 List of Materials that can be repurchased and repurchase price:

Price Total
Ref. Description Uts.
€/ud €
2016289 Cross beam support 4100 N-14 269 21,37 5.748,53
1001142 Coffer 20 N-14 1750 25,28 44.240,00

Materials must be returned within a maximum of 12 months.


If they are missing, damaged or lost, they will be purchased at initial sale price.
The customer will bear the returning cost of the materials to our warehouse together
with taxes.

6, 2 In the event SGTM wants to use the rest of the system for flat slabs, IN
Sistemas proposes to replace the coffers and cross beam support 4100 N13 with the
following materials:

Units Importe
Units Extra units
Descripción available on
required required €
Marina
Cross beam 3450 E-4 81 81 0,00
Cross beam 3750. 81 52 29 910,60
Cross beam 2200 E-4 258 856 0,00
Cross beam 2,50 M. 258 10 248 5.312,16
Cross beam support 4060 M 160 160 7.384,00
Cross beam support 3045 55 55 1.931,60
Support 1970. E-4 1089 1089 15.942,96
Support 970. E.4 180 180 1.222,20
Header. E-4 339 3140 0,00
Wood 1970 X 500 X 27 MM. 2015 2015 21.137,35
Flat slab ( S = 2.015 m²) 53.840,87 €

This material will allow you to have 2 015 square meters of flat slab E-4 system.
The cost is 53 840, 87 € of which 49 988, 53 € can be paid with the coffers and cross
beam supports. SGTM will only have to purchase extra material valued at:

3 852, 34 €

in order to convert the current material to flat slab (1 to 2


containers)

OFE0167492 12
7. General Conditions

If the offer is of your interest, please sign a copy and have it sent back. We will then
prepare a definite proposal in which the general conditions will be shown.
Cost of IN Sistemas Material for Marina Project: 273.347,23 €
Current IN Sistemas Material: 97 640, 28 €
Current IN Sistemas Material usable for Marina Project: 25 170, 63 €

Materials Description Quantity

Cross beam 2200 (E-4) 130


Cross beam 3450 (E-4) 19
Header Center 220
Prop 4,00 mts. 1480

Current IN Sistemas Material not needed for Marina Project: 69 947, 90 €

Materials Description Quantity

Cross beam 2500 (E-4) 154


Cross beam 3750 (E-4) 36
Cross beam support 4060 60
Cross beam support 3045 68
Support 1970 double distribution 696
Support 970 36
Support one way 378
Wood 1,97 mts. 1060
Wood 0,97 mts. 362
Prop 3,00 mts. 2594
Prop 6,00 mts. 1390

Payment terms:

Transferable Letter of Credit due on delivery of material at Casablanca Port for

273.347,23 € - 97 640, 28 € = 175 706, 95 €


The rest of IN sistemas Material (not required for Marina) will be handed back to IN
Sistemas once the supplied system has been demonstrated and is working.

OFE0167492 13
The material to be handed back to IN Sistemas that is valued at 97 640, 28 € and consists
of:

Materials Description Quantity

Cross beam 2200 (E-4) 130


Cross beam 3450 (E-4) 62
Cross beam 2500 (E-4) 164
Cross beam 3750 (E-4) 88
Cross beam support 4060 60
Cross beam support 3045 68
Support 1970 double distribution 696
Support 970 36
Support one way 378
Header Center 220
Wood 1,97 mts. 1.060
Wood 0,97 mts. 362
Prop 3,00 mts. 2.594
Prop 4,00 mts. 1.480
Prop 6,00 mts. 1.390

If any of these units are not handed back, they will be purchased (paid for) at
their original value.

16 units of the cross beam support 4060 will be handed over to SGTM free of charge.
These will be used on the triangular building according to plans (they will need a small
modification.

This offer is valid for 30 days.

The mentioned Total C/F Price do not includes VAT.

Lead Time: 3 weeks maximum to delivery at Casablanca Port (from receipt of Purchase
Order)

Best regards, Por Andamios In, S.A.

Richard Walsh
Tel: 609.471.511
Int. Business Director

OFE0167492 14
Annex I : Details of System

OFE0167492 15

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