50 of the Top 250 law firms use our Products every day
Exhibit 10.32
Construction Contract
In accordance with the
principle of openness,
impartiality and
fairness, the
public bidding meeting on the Foundation for Equipments of the
Triamine Workshop
of Shandong Bangsheng
Chemical Co., Ltd. was
a full success.
Through friendly
negotiation, Shandong
Bangsheng Chemical Co., Ltd. and Chen Houzhi, the
successful bidder, agree to establish this contract. The parties
hereby agree as
follows:
Party A: Shandong
Bangsheng Chemical Co., Ltd. (hereinafter referred to as
"Party A")
Party B: Chen Houzhi (hereinafter referred to as "Party B")
I. Project
Name: Foundation for Equipments of the Triamine Workshop
II. Place of
Construction: Within the premises of Party A
III. Scope of
Construction:
All civil
engineering works including concrete pouring, leveling blanket
laying,
steel binding, template support, float work and laying.
IV. Type of
Contract: Contract for labor and materials
V.
Projected Engineering Work Load:
Independent
foundation: concrete
pouring__ m3,
earthwork digging
__m3,
stone
footing __m3, plastering __ m3, ironware burying __tons.
VI. Construction
Period: At the request
of Party A, the construction shall be
completed
within 30 days after the signing of this contract.
Construction Cost:
Construction
payment shall be done in line with the
State's
current construction flat rate and other related documents.
Projected
Construction Cost: RMB 80,000 (eighty thousand) yuan.
The final
payment shall be based on the actual volume of works.
<PAGE>
VII. Mode of
Payment:
30(C)++ of
the total construction
cost shall be paid within 10 days after
the
equipment and staff of the unit in charge of construction arrive the
construction
site and come into operation; 30(C)++ of the total
construction cost shall be paid after the main body of the
construction is
completed;
30(C)++ of the total
construction cost shall be paid after the
construction has been checked and accepted; the remaining 10(C)++
shall be
paid off
at a single payment
within one year after the completion of
construction, henceforward this contract shall become
self-annulled.
VIII. Quality Requirement and Acceptance Criterion:
1.
Quality
Grade Standard: superior
2.
Party A
provides construction
site featured "three
put through one
level", and a
construction map. Party A is also responsible for the
joint checkup of th
|