In: Payton, C. The statutory auditor receives quarterly reports from the board of directors regarding material aspects of our affairs, including our financial condition. If the tender offer is oversubscribed, shares sold will be allocated on a pro rata basis among the selling shareholders. Due to the nature of most infrastructure projects, which typically involve long-term operations, we recover our equity or debt contribution, and in cases like the El Cajon hydroelectric project receive payment under the contract, after the construction phase is completed. A number of our construction contracts, including the El Cajon construction contract, specify fixed prices per ton of steel for a variety of steel products. Inemployee statutory profit sharing expense equaled Ps.
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If a non-resident has a permanent establishment in Mexico for tax purposes, all income attributable to such permanent establishment will be subject to Mexican taxes, in accordance with applicable tax laws.
Individuals who are no longer immediate family members due to legal separation, divorce or death or incapacity are excluded. Settlement is effected two business days after a share transaction is effected on the Mexican Stock Exchange. Responding to these losses, in recent years we have sought to improve our contracting practices and to reduce our expenses through better cost controls.
The amount of backlog is not necessarily indicative of our future revenues related to the performance of such work.
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We seek to compensate for this risk by entering into financing arrangements only on terms intended to provide us with a reasonable return on our investment.
KERUSAKAN LINGKUNGAN AKIBAT ALAM TERBARU 2017
|Galaz, Yamazaki, Ruiz Urquiza, S.
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These expenses were partially offset by the gain of Ps.
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Aguirre was the project director on the Cantarell nitrogen project and the construction director in our Industrial Construction segment. The level of traffic on a given highway also is influenced heavily by its integration into other road networks.
Kronsa also constructs retaining walls. We expect that most of the assets securing letters of credit will remain pledged until the letters of credit secured by these assets expire.
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Mexican state and municipal governments and the governments of certain foreign countries award concessions for the construction, maintenance and operation of infrastructure facilities.
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EMPRESAS ICA, S.A. DE C.V.
Pursuant to our amended bylaws, significant acquisitions of shares of our capital stock and changes of control require prior approval of our board of directors. In: Wilgus, C.
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|Compensation Committee The compensation committee is responsible for reviewing and advising the board of directors with respect to management compensation including bonus arrangements.
Our performance historically has been tied to Mexican public-sector spending on infrastructure facilities and to our ability to bid successfully for such contracts. Holders of CPOs are entitled to receive the economic benefits corresponding to the shares underlying the CPOs, at the time that we declare and pay dividends or make distributions to stockholders, and to receive the proceeds of the sale of such shares at the termination of the CPO trust agreement.
Operating income loss 4 8. Although our Civil Construction segment is engaged in a wide variety of projects, our projects generally involve contracts whose terms range from two to five years.
All dividends paid with respect to shares in the management trust are also deposited in the management trust.