Part I Exh 1 Contr Milestones Sch (F0188)

PART I, EXHIBIT ONE

CONTRACT MILESTONE SCHEDULE SOCIEDAD MINERA CERRO VERDE Project: Cerro Verde Production Unit Expansion Arequipa, Peru Project No. A6CV

RFP No: A6CV-90-K115 S,C,M,P,E&I Install at TSF

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CVPUE PART I, EXHIBIT ONE – Contract Milestone Schedule [FORM 000.430.F0188 (Revision Date: June 8, 2005) Copyright © 2007, Fluor Corporation. All Rights Reserved.

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INTRODUCTION In addition to the requirements of Part I, Article 6.0 Performance Schedule and Sequence of Work and Attachment G - Scheduling and Reporting, this Exhibit One provides further details for Contractor’s development of the detailed construction schedule as outlined in Part III, Article 10.0 Scheduling, Reporting and Coordination. 1.0 KEY MILESTONE DATES

Contractor shall mechanically complete the work contained in the individual milestones not later than the following:

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Contractor shall mechanically complete the work contained in the milestones not later indicated in the Contract schedule. Liquidated damages are not imposed in this Contract.

Milestone Mechanical Completion, for the purposes of liquidated damages and/or incentive assessment, is as defined in Attachment F – Construction/Mechanical Completion. If Company’s review of Contractor’s Interim Turnover Notice of Milestone Mechanical Completion shows that Contractor has met the requirements of Attachment F, then the date of Milestone Mechanical Completion shall be the date of Contractor’s submittal of the notification. If Company’s review shows that work items are outstanding that must be completed in order to achieve Milestone Mechanical Completion, the date of such Milestone Mechanical Completion shall be when Company is satisfied that such work items have been completed.

2.0 LIQUIDATED DAMAGES FOR LATE COMPLETION – NOT USED 3.0 CONTRACT MILESTONE SCHEDULE (Form 000.430.F0188, Appendix 1)

The appended Project Contract Milestone Schedule (Appendix 8) includes the start and finish dates, or early start/late finish intervals, for major activities, completion milestones, general joint occupancies, current information on Company provided deliverables and the general sequence of work/path of construction. The Contractor shall use this Project Contract Milestone Schedule with its dates and sequence of work to develop the Contractor’s Detail Schedule and work plan.

3.1 Company is unable to guarantee that all deliverables will be released in support of the early start dates or in the sequence indicated. However, Company will employ its best endeavors to release the work in the sequence and in sufficient volume of quantities to support Contractor’s efficient execution defined in the schedule document.

3.2 Not all of the work may be available to Contractor at the date of Contract award or mobilization at the site. Company will release Work via Approved for Construction (AFC) drawings to Contractor so that there will be an adequate backlog of available work.

3.3 The joint occupancy conditions and current deliverables information outlined in the Project Contract Milestone Schedule are based on the best information available at the time of Contract award and Contractor agrees that these conditions are subject to change throughout the duration of the project and will proactively develop work around plans as required.

3.4 Contractor’s man-hour details set forth in Appendix 1 shall be indicative of Contractor’s plan for the execution of the Contract, but shall not be used as a basis of entitlement to change under the Contract.

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3.5 FRONT END, ENGINEERING, PROCUREMENT & CONSTRUCTION SCHEDULE (Design, Supply and Erect Contracts only): An interim schedule, to be provided by Contractor immediately upon award of the contract, as more particularly described in Attachment G.

4.0 PROGRESS ASSESSMENT (Form 000.430.F0188, Appendix 2)

Set forth in Appendix 2 are the progress percentages applicable to the major work activities. Such percentages determine the portion of the applicable lump sum or unit price item that is payable following completion of a specified activity. Percentages per activity become payable in full upon completion of the activity, i.e. parts of applicable activities are not, in themselves, subject to progress measurement. Specific variances to this principle are only as set forth herein.

5.0 APPENDICES

Appended hereto are the following:

Annex 1 Project Contract Milestone Schedule Appendix 1: Contractor’s Detail Milestone Schedule (excel/ PRIMAVERA form)

NOTE: See Attachment G – Scheduling and Reporting definition Appendix 2: Progress Assessment Increments Appendix 3 Bar chart durations of all major activities Appendix 4 Manpower histogram (may also be included in Part II schedules for the

purposes of building up the commercial schedules and pricing) Appendix 5 Major equipment list and histogram (may also be included in Part II

schedules for the purposes of building up the commercial schedules and pricing)

Appendix 6 Procurement bar-chart Appendix 7 Contractor Mobilization Checklist Form (provided for information and

Engineer administrative purposes only; the form is to be completed by Engineer prior to Contractor commencing any of the Work at the Site).

Appendix 8 Project Contract Milestone Schedule – Not Used

END OF EXHIBIT ONE – CONTRACT MILESTONE SCHEDULE

Part I Exh 1 Contr Milestones Sch (F0188)

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