Proposal to negotiate an amendment to an existing contract for hydraulic presses

This document concerns the proposal to negotiate an amendment to an existing contract for three hydraulic presses for the assembly and welding of the LHC superconducting dipole magnets. For the reasons explained in this document, the Finance Committee is invited to agree to the negotiation of an amendment to the contract for hydraulic presses with the consortium CTE SISTEMI (IT) - CARPENTERIA S. ANTONIO (IT) for technical modifications to the presses installed at the premises of the dipole manufacturers for an amount exceeding the previously approved amount by 1 105 357 euros (1 635 929 Swiss francs), bringing the total contract amount to 7 581 709 euros (11 220 929 Swiss francs). The amounts in euros have been calculated using the present rate of exchange. The firm has indicated the following distribution by country of the amendment value: CAN - 58%, IT - 21%, US - 17%, FR - 4%.