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(QODSODFDEDVHVXSHULRUVHFROODQORVGRVSXQ]RQHVTXHUHDOL]DQHOFRUWHGHOD ILJXUD LQWHULRU GH OD SLH]D \ ORVGRVSXQ]RQHVTXHUHDOL]DQHO FRUWHGHOD ILJXUD H[WHULRUGHODSLH]D
(QWUHODSODFDEDVHVXSHULRU\ODSODFDSRUWDSXQ]RQHVVHLQWHUSRQHXQDOiPLQDGH DFHUR WHPSODGR OODPDGD SODFD VXIULGHUD SDUD HYLWDU TXH VH SXGLHUD SURGXFLU XQ HQFODYDPLHQWR GH ORV SXQ]RQHV VREUH OD SODFD EDVH VXSHULRU 6H GHFLGH LQWHUSRQHUHVWDSODFDSRUORVGRVSXQ]RQHVTXHUHDOL]DQHOFRUWHGHORVDJXMHURV GHSRVLFLRQDPLHQWRHQODEDQGDTXHVRQGHVHFFLyQUHGXFLGD\SXHGHQSUHVHQWDU ULHVJRGHHQFODYDPLHQWR
6HJXLGDPHQWHDODSODFDSRUWDSXQ]RQHVYHQGUiODSODFDJXtDSXQ]RQHVXQLGDDOD SODFD SLVDGRUD /D SODFD SRUWDSXQ]RQHV \ OD SODFD JXtDSXQ]RQHV HVWiQ XQLGDV PHGLDQWH VLHWH PXHOOHV FRQ XQD SUHFDUJD GH PP OR TXH KDFH TXH FXDQGR OD
SODFD EDVH VXSHULRU GHVFLHQGH OD SODFD JXtDSXQ]RQHV GHVFLHQGH WDPELpQ VROLGDULDPHQWH DO FRQMXQWR VXSHULRU KDVWD TXH OD SLVDGRUD SLVD OD EDQGD GH FKDSD $ SDUWLU GH HVH PRPHQWR OD SODFD JXtDSXQ]RQHV \ OD SLVDGRUD GHMDQ GH GHVFHQGHUSHURHOFRQMXQWRVXSHULRUFRQWLQXDGHVFHQGLHQGRKDVWDXQDDOWXUDGH PP DO FRPSULPLU ORV PXHOOHV OR TXH SHUPLWH TXH ORV SXQ]RQHV UHDOLFHQ FRUUHFWDPHQWHHOFRUWH\HOGREODGRHQODEDQGDGHFKDSD
)LJXUD3DUWHVXSHULRUGHODPDWUL]
/D SODFD EDVH VXSHULRU VH GHEHUi PHFDQL]DU UHDOL]DQGR ORV DJXMHURV \ UHEDMHV QHFHVDULRVSDUDSHUPLWLUHOHQVDPEODMHGHORVVLJXLHQWHVFRPSRQHQWHV 3ODFDDQFODMHVXSHULRU 3ODFDVXIULGHUDSXQ]RQHV 3ODFDSRUWDSXQ]RQHV 3ODFDJXtDSXQ]RQHV 3ODFDSLVDGRUD 3XQ]RQHV 7RUQLOOHUtDSDVDGRUHV FDVTXLOORV« )LJXUD3ODFDEDVHVXSHULRU
3ODFDDQFODMHVXSHULRU
/D SODFD DQFODMH VXSHULRU HV HO FRPSRQHQWH VLWXDGR HQ OD SDUWH VXSHULRU GH OD PDWUL]TXHVLUYHSDUDXQLUODSDUWHPyYLOGHODPLVPDFRQODSUHQVD
(VWDIDEULFDGDGHDFHUR)
/DILMDFLyQGHODSODFDDQFODMHVXSHULRUFRQODEDQFDGDVXSHULRUGHODSUHQVDVH UHDOL]DPHGLDQWHODµFRODGHPLODQR¶
(QOXJDUGHKDEHUXWLOL]DGRXQYiVWDJRSDUDXQLU ODPDWUL]FRQODSUHQVDVHKD XWLOL]DGRHVWDSODFDJXtDTXHVHILMDD OD EDQFDGDVXSHULRUGH ODSUHQVD ORTXH SHUPLWHXQPHMRUUHSDUWRGHODIXHU]DGHODSUHQVD /DSODFDDQFODMHVXSHULRUVHILMDFRQODSODFDEDVHVXSHULRUPHGLDQWHODJXtD\FRQ WRUQLOORV$OOHQ0[',1\PHGLDQWHSDVDGRUHVFLOtQGULFRV',1 (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUODVFDUDV 0HFDQL]DUODJXtDGHIRUPDGHµFRODGHPLODQR¶ 3XQWHDU\WDODGUDUDJXMHURV 5HFWLILFDUODVFDUDV 3DYRQDGR )LJXUD3HUILOSODFDDQFODMHVXSHULRU )LJXUD3ODFDDQFODMHVXSHULRU
3ODFDVXIULGHUDSXQ]RQHV
&RPR \D VH KD GLFKR DQWHV FXDQGR ORV SXQ]RQHV VRQ GH SHTXHxD VHFFLyQ KD\ SHOLJUR GH TXH VH Y D\DQ FODY DQGR HQ OD SODFD EDVH VXSHULRU 3DUD HY LWDUOR VH LQWHUSRQH HQWUH ORV SXQ]RQHV \ OD SODFD EDVH VXSHULRU XQD SODFD GH DFHUR WHPSODGROODPDGDSODFDVXIULGHUDSDUDTXHUHSDUWDHOHVIXHU]RGHORVSXQ]RQHV\ HYLWHTXHHVWRVVHFODYHQHQODSODFDEDVHVXSHULRU (VWDIDEULFDGDGHDFHUR /DSODFDSRUWDSXQ]RQHVVHILMDPHGLDQWHWRUQLOORV$OOHQ0[',1 \PHGLDQWHSDVDGRUHVFLOtQGULFRV',1DODSODFDEDVHVXSHULRU/DSODFD VXIULGHUDDOHVWDUHQPHGLRGHDPEDVSODFDVTXHGDWDPELpQILMDGD (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUFDUDV 3XQWHDU\WDODGUDUDJXMHURV 7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDUODVFDUDV )LJXUD3ODFDVXIULGHUDSXQ]RQHV
3ODFDSRUWDSXQ]RQHV
/D SODFD SRUWDSXQ]RQHV HV XQD SLH]D GRQGH Y DQ DMXVWDGRV ORV SXQ]RQHV SDUD LPSHGLU TXH VH WXHU]DQ R VH GHVY tHQ 3DUD HOOR HV SUHFLVR TXH OD SODFD SRUWDSXQ]RQHV WHQJD XQ JUXHVR VXILFLHQWH \ XQ EXHQ DMXVWH GH OR FRQWUDULR SHOLJUDUiHOEXHQIXQFLRQDPLHQWRGHOWURTXHO
/DSODFDSRUWDSXQ]RQHVWLHQHFRPRPLVLyQSULQFLSDOHYLWDUHOSDQGHRGHOSXQ]yQ (VWDIDEULFDGDGHDFHUR)
/D SODFD SRUWDSXQ]RQHV OOHY D DORMDGDV ODV FROXPQDV JXtD GH PP GHVWLQDGDV D UHDOL]DU HO JXLDGR GH OD SDUWH VXSHULRU GH OD PDWUL] FRQ OD SDUWH LQIHULRUFXDQGRODSDUWHVXSHULRUGHVFLHQGHSDUDWURTXHODUODEDQGDGHODFKDSD /DSODFDSRUWDSXQ]RQHVVHILMDPHGLDQWHWRUQLOORV$OOHQ0[',1 \PHGLDQWHSDVDGRUHVFLOtQGULFRV',1DODSODFDEDVHVXSHULRU/DSODFD VXIULGHUDDOHVWDUHQPHGLRGHDPEDVSODFDVTXHGDWDPELpQILMDGD (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUFDUDV 3XQWHDUWDODGUDU\URVFDUDJXMHURVPDQGULQDU 0HFDQL]DUILJXUDV 5HFWLILFDUODVFDUDV\DJXMHURV 0HFDQL]DUPHGLDQWHHOHFWURHURVLyQSRUKLOR 3DYRQDGR )LJXUD3ODFDSRUWDSXQ]RQHV
3ODFDJXtDSXQ]RQHV /DSODFDJXtDSXQ]RQHVWLHQHSRUREMHWRJXLDUORVSXQ]RQHVGXUDQWHVXUHFRUULGR \DOPLVPRWLHPSRGHVSUHQGHUHQODFDUUHUDGHYXHOWDHOUHWDOTXHKDTXHGDGR IXHUWHPHQWHDGKHULGRDORVSXQ]RQHV (VWDIDEULFDGDGHDFHUR
(Q OD SODFD JXtDSXQ]RQHV YDQ DORMDGRV FDVTXLOORV JXtD FRQ YDORQD SRU GRQGH SDVDQODVFROXPQDVJXtDVGH PP /DSODFDJXtDSXQ]RQHVVHILMDDODSODFDSRUWDSXQ]RQHVPHGLDQWHORV7RSHJXtD 7*00[GH,10$&,6$FRQVXVUHVSHFWLYRVPXHOOHV$[ (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUFDUDV 3XQWHDUWDODGUDU\URVFDUDJXMHURVPDQGULQDU 7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDGRFDUDV\DJXMHURV 0HFDQL]DUILJXUDVPHGLDQWHHOHFWURHURVLyQGHKLOR )LJXUD3ODFDJXtDSXQ]RQHV
3ODFDSLVDGRUD
/DSODFDSLVDGRUDVHHQFDUJDGHSLVDUODEDQGDGHFKDSDGXUDQWHHOSURFHVRGH FRQIRUPDGR
(VWDIDEULFDGDGHDFHUR
/D SODFD SLVDGRUD OOHY D DORMDGRV SXQ]RQHV PRGHOR ' GH ,10$&,6$ GH PP SDUD UHDOL]DU HO FHQWUDMH GH OD EDQGD GH FKDSD 3DUD UHDOL]DU GLFKR FHQWUDMH SUHYLDPHQWH VH UHDOL]DQ ORV DJXMHURV GH PP PHGLDQWH ORV SXQ]RQHVPRGHOR)GH,10$&,6$GH PPTXHUHDOL]DQORVDJXMHURVGH SRVLFLRQDPLHQWRGHODEDQGD
/D SODFD SLVDGRUD VH ILMD D OD SODFD JXtDSXQ]RQHV PHGLDQWH WRUQLOORV $OOHQ 0 [',1\PHGLDQWHSDVDGRUHVFLOtQGULFRV',1 (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUFDUDV 3XQWHDUPDQGULQDUWDODGUDU\URVFDUDJXMHURV 7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDUFDUDV\DJXMHURV 0HFDQL]DUILJXUDVPHGLDQWHHOHFWURHURVLyQGHKLOR )LJXUD3ODFDSLVDGRUD
3XQ]RQHV
/RV SXQ]RQHV VRQ FRQMXQWDPHQWH FRQ OD PDWUL] ORV FRPSRQHQWHV PiV LPSRUWDQWHV /RV SXQ]RQHV VH HQFDUJDUiQ GH UHDOL]DU HO FRUWH GH OD FKDSD DO LQWURGXFLUVHHQODVFDMDVPDWULFHV/DIRUPDGHEHUiJXDUGDUUHODFLyQGLUHFWDFRQ ODJHRPHWUtDGHODSLH]DDIDEULFDU (QWUHODVORVIDFWRUHVTXHKDQGHFXPSOLUVHGHVWDFD • 3UHFLVLyQGHPHGLGDVWROHUDQFLDVDODFHQWpVLPDGHPLOtPHWURV • 0DWHULDODGHFXDGR • *UDQUHVLVWHQFLDDOGHVJDVWH • %XHQDFDEDGRVXSHUILFLDO 3DUDORVSXQ]RQHVVHHVFRJHXQDFHURTXHSUHVHQWDXQDJUDQUHVLVWHQFLD (QODSDUWHVXSHULRUGHODPDWUL]YDQXELFDGRVSXQ]RQHV
D /RV SXQ]RQHV TXHUHDOL]DQ HO FRUWH GH ORV DJXMHURV GH SRVLFLRQDPLHQWR GH TXHVRQQRUPDOL]DGRVPRGHOR)GH,10$&,6$GH PP E /RVSXQ]RQHVTXHUHDOL]DQHOFRUWHH[WHULRUGHODSLH]DGH PPTXH
KDEUiTXHIDEULFDU
F /RV SXQ]RQHV TXH UHDOL]DQ HO FRUWH LQWHULRU GH OD SLH]D GH IRUPD GH HVWUHOODTXHKDEUiTXHIDEULFDU
)LJXUD 3XQ]RQHV GH OD SDUWH VXSHULRU GH OD PDWUL] SXQ]RQHV FRUWH GH ORV DJXMHURV GH SRVLFLRQDPLHQWR SXQ]RQHV FRUWH ILJXUD LQWHULRU SXQ]RQHV FRUWH ILJXUD H[WHULRUUHVSHFWLYDPHQWH(QGHWDOOHORVSXQ]RQHVQRQRUPDOL]DGRV
(OPHFDQL]DGRGHORVSXQ]RQHVGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 0HFDQL]DUHQWRUQRWDODGUDU\URVFDUDJXMHURV
7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDUFDUDV
0HFDQL]DU ILJXUDV PHGLDQWH HOHFWURHURVLyQ GH KLOR SXQ]RQHV IRUPD GH HVWUHOOD
3ODFDEDVHLQIHULRU
/DSODFDEDVHLQIHULRUHVHOFRPSRQHQWHVLWXDGRHQODSDUWHLQIHULRUGHODPDWUL] TXHVLUYHSDUDXQLUODSDUWHILMDGHODPLVPDFRQODPHVDGHODSUHQVD /DSODFDEDVHLQIHULRUWDPELpQWLHQHSRUPLVLyQKDFHUGHVRVWpQGHWRGDODSDUWH LQIHULRUILMDGHODPDWUL](VWDIDEULFDGDGHDFHUR) (QWUHODSODFDEDVHLQIHULRU\ODSODFDSRUWDPDWULFHVVHLQWHUSRQHXQDOiPLQDGH DFHUR WHPSODGR OODPDGD SODFD VXIULGHUD SDUD TXH HQ HVWD SODFD VXIULGHUD VHD GRQGHDVLHQWHQODVFDMDVPDWULFHV\VHDHVWDSODFDVXIULGHUDODTXHDEVRUEDHO HVIXHU]RSURGXFLGRSRUORVSXQ]RQHVTXHUHDOL]DQHOGREODGRGHODVSHVWDxDVGH ODSLH]DTXHVHTXLHUHIDEULFDU (QODSODFDEDVHLQIHULRUYDQFODYDGDVODVFROXPQDVJXtDVGHVWLQDGDVDOJXLDGR GHODUPD]yQGHODPDWUL]6HKDSHQVDGRTXHODVFROXPQDVJXtDVQRVHDQGHO PLVPRGLiPHWURSDUDLQWURGXFLUXQPRQWDMH3RFD<RFDSDUDTXHHQVXPRQWDMH pVWHQRVHDDOUHYpV/DVGRVFROXPQDVGHOH[WUHPRL]TXLHUGRGHODPDWUL]VRQ GH PP\ODVGRVFROXPQDVGHOH[WUHPRGHUHFKRVRQGH PP )LJXUD3DUWHLQIHULRUGHODPDWUL]
/D SODFD EDVH LQIHULRU VH GHEHUi PHFDQL]DU UHDOL]DQGR ORV DJXMHURV \ UHEDMHV QHFHVDULRVSDUDSHUPLWLUHOHQVDPEODMHGHORVVLJXLHQWHVFRPSRQHQWHV 3ODFDSRUWDPDWULFHV 3ODFDVXIULGHUDPDWULFHV 3XQ]RQHVGHGREODGR &DMDVPDWULFHV *XtDVEDQGDGHODFKDSD &DVTXLOORVGHSRVLFLRQDPLHQWR 7RUQLOOHUtDSDVDGRUHVFROXPQDV« )LJXUD3ODFDEDVHLQIHULRU (OPHFDQL]DGRGHODSODFDEDVHLQIHULRUGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDUHVFXDGUDUFDUDV\PHFDQL]DUUDQXUDV 3XQWHDUWDODGUDU\URVFDUDJXMHURVPDQGULQDU 5HFWLILFDU 3DYRQDGR
3ODFDVXIULGHUDPDWULFHV
/DSODFDVXIULGHUDPDWULFHVFRPRVHKDPHQFLRQDGRDQWHULRUPHQWHHVXQDSODFD TXHVHLQWHUSRQHHQWUHODSODFDEDVHLQIHULRU\ODSODFDSRUWDPDWULFHV(OREMHWLYR HV TXH HVWD SODFD VXIULGHUD VHD GRQGH DVLHQWHQ ODV FDMDV PDWULFHV \ OD TXH DEVRUEDHOHVIXHU]RSURGXFLGRSRUORVSXQ]RQHVTXHUHDOL]DQHOGREODGR
(VWDIDEULFDGDGHDFHUR
/DSODFDSRUWDPDWULFHVVHILMDPHGLDQWHWRUQLOORV$OOHQ0[',1\ PHGLDQWH SDVDGRUHV FLOtQGULFRV ',1 D OD SODFD EDVH LQIHULRU /D SODFD VXIULGHUDDOHVWDUHQPHGLRGHDPEDVSODFDVTXHGDWDPELpQILMDGD (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUFDUDV 3XQWHDU\WDODGUDUDJXMHURVPDQGULQDU 7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDUFDUDV\DJXMHURV 0HFDQL]DUILJXUDVSRUHOHFWURHURVLyQGHKLOR )LJXUD3ODFDVXIULGHUDPDWULFHV
3ODFDSRUWDPDWULFHV /DSODFDSRUWDPDWULFHVHVODSODFDGRQGHYDQDORMDGDVODVFDMDVPDWULFHVGHFRUWH \ORVSXQ]RQHVTXHUHDOL]DQHOGREODGR (QODSODFDSRUWDPDWULFHVVHDORMDQODVJXtDVGHODEDQGDGHFKDSD*XtDIOHMH PRG*)GH,10$&,6$TXHPDQWLHQHQXQRVPPODEDQGDSRUHQFLPD GHODSODFDSRUWDPDWULFHV(VWDVJXtDVKDFHQTXHODEDQGDSXHGDDYDQ]DUHOSDVR VLQDWDVFRVFRQHOSXQ]yQGHGREODGRTXHVREUHVDOHGHODSODFDSRUWDPDWULFHV (QODSODFDSRUWDPDWULFHVWDPELpQVHDORMDQORVFDVTXLOORVGHFRUWHPRGHOR% GH PP GH ,10$&,6$ GRQGH VH LQWURGXFHQ ORV SXQ]RQHV PRGHOR ' GH ,10$&,6$GH PPTXHYDQDORMDGRVHQODSODFDSLVDGRUDSDUDUHDOL]DUHO FHQWUDMH GH OD EDQGD GH FKDSD (Q ORV PHQFLRQDGRV FDVTXLOORV WDPELpQ VH LQWURGXFHQORVSXQ]RQHVPRGHOR)GH,10$&,6$GH PPHQFDUJDGRVGH UHDOL]DUHOFRUWHGHORVDJXMHURVGHSRVLFLRQDPLHQWRHQODEDQGDGHODFKDSD (VWDIDEULFDGDGHXQDFHURSUHWUDWDGR3.7GH529$/0$ /DSODFDSRUWDPDWULFHVVHILMDDODSODFDEDVHLQIHULRUPHGLDQWHWRUQLOORV$OOHQ 0[',1\PHGLDQWHSDVDGRUHVFLOtQGULFRV',1 (OPHFDQL]DGRGHODSODFDGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 3ODQHDU\HVFXDGUDUFDUDV 3XQWHDUWDODGUDU\URVFDUDJXMHURVPDQGULQDU 5HFWLILFDUODVFDUDV\DJXMHURV 0HFDQL]DUILJXUDVSRUHOHFWURHURVLyQGHKLOR )LJXUD3ODFDSRUWDPDWULFHV
&DMDVPDWULFHV
/DV FDMDV PDWULFHV VRQ SHTXHxDV PDWULFHV HQ IRUPD GH FDVTXLOORV FLOtQGULFRV WHPSODGRV \ UHFWLILFDGRV TXH VH LQFUXVWDQ HQ OD SODFD SRUWDPDWULFHV UHFLEHQ HO QRPEUHGHSRVWL]RV6HHPSOHDQSDUDIDFLOLWDUODFRQVWUXFFLyQ\UHSDUDFLyQGHORV SXQWRV GpELOHV GH OD SODFD SRUWDPDWULFHV HYLWDQGR DVt HO HOHYDGR JDVWR GH PDWHULDOTXHVXSRQGUtDFDPELDUODSODFDSRUWDPDWULFHVHQWHUD /DVFDMDVPDWULFHVHVWiQIDEULFDGDVGHDFHUR /DVFDMDVPDWULFHVVHILMDQDODSODFDSRUWDPDWULFHVDSUHVLyQ (OPHFDQL]DGRGHODVFDMDVPDWULFHVGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 7RUQHDU\PDQGULQDU 7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDUODVFDUDV\GLiPHWURV 0HFDQL]DUILJXUDVSRUHOHFWURHURVLyQGHKLORGRQGHSURFHGD )LJXUD&DMDVPDWULFHV )LJXUD3ODFDSRUWDPDWULFHVFRQORVSRVWL]RV
3XQ]RQHVGREODGRGHSHVWDxDV
/RV SXQ]RQHV TXH UHDOL]DQ HO GREODGR GH ODV SHVWDxDV GH OD SLH]D Y DQ DORMDGRVHQODSODFDSRUWDPDWULFHV
/RV SXQ]RQHV VREUHVDOHQ PP GH OD SODFD SRUWDPDWULFHV TXH HV OD DOWXUD FDOFXODGDQHFHVDULDSDUDTXHDOEDMDUODFKDSDHPSXMDGDSRUODSODFDSLVDGRUD VH GREOHQ ODV SHVWDxDV VHJ~Q OR FDOFXODGR HO iQJXOR GH UHFXSHUDFLyQ GHO PDWHULDOHVGH9pDVHFDStWXORFiOFXORV /RVSXQ]RQHVGHGREODGRHVWiQIDEULFDGRVGHDFHUR /RVSXQ]RQHVGHGREODGRVHILMDQDODSODFDSRUWDPDWULFHVDSUHVLyQLJXDOTXHODV FDMDVPDWULFHV (OPHFDQL]DGRGHOSXQ]yQGHGREODGRGHEHUiUHDOL]DUVHGHODVLJXLHQWHIRUPD 7RUQHDU 7UDWDPLHQWRWpUPLFRWHPSOH\UHYHQLGR 5HFWLILFDUFDUDV\GLiPHWURV )LJXUD3XQ]yQGREODGRGHSHVWDxDV 3DUDYHUODXELFDFLyQGHORVGRVSXQ]RQHVGHGREODGRHQODSODFDSRUWDPDWULFHV YpDVHILJXUD
*XtDVGHODEDQGD
(QODSODFDSRUWDPDWULFHVVHDORMDQODVJXtDVGHODEDQGDGHFKDSD*XtDIOHMH PRG*)GH,10$&,6$TXHJXtDQODEDQGDPPSRUHQFLPDGHODSODFD SRUWDPDWULFHV
(VWDV JXtDV OOHYDQ DFRSODGRV XQRV PXHOOHV SDUD TXH FXDQGR EDMD HO FRQMXQWR VXSHULRU GH OD PDWUL] OD EDQGD GH FKDSD WRTXH OD SODFD SRUWDPDWULFHV \ HO SXQ]yQGREOHODVSHVWDxDV\DTXHVREUHVDOHPPGHODSODFDSRUWDPDWULFHV &XDQGRODSDUWHVXSHULRUGHODPDWUL]VHUHWLUDODVJXtDVGHODEDQGDYXHOYHQD VXSRVLFLyQLQLFLDOPPSRUHQFLPDGHODSODFDSRUWDPDWULFHV3HUPLWLHQGRDOD EDQGDDYDQ]DUQXHYDPHQWHHOSDVRVLQDWDVFRVFRQORVSXQ]RQHVGHGREODGRTXH VREUHVDOHQGHODSODFDSRUWDPDWULFHV )LJXUD(MHPSORGHPRQWDMHGHOFDWiORJRGH,10$&,6$
0HFDQLVPRGHOSXQ]yQGHWHFWRUGHSDVR
3DUDHYLWDUTXHORVSXQ]RQHVWURTXHOHQVLVHSURGXFHXQHUURUHQHODYDQFHGHO SDVRVHKDGLVHxDGRHVWHPHFDQLVPR
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6LHODYDQFHGHOSDVRHVHOFRUUHFWRHOSXQ]yQGHWHFWRUGHSDVRVHLQWURGXFHHQ VXDJXMHURGHODEDQGDGHGLiPHWURPPFRPRXQRPiVGHORVSXQ]RQHV PRGHOR ' GH ,10$&,6$ GH GLiPHWUR PP TXH UHDOL]DQ HO FHQWUDMH GH OD EDQGD
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PRECIO (€)
Elementos Fabricados (material + mecanizado + tratamiento) 25.787,26
Elementos Normalizados 997,74
Montaje, ajuste y pruebas 1400
Ingeniería 5970
TOTAL
34.155 €
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