secwatch.observer — SEC 8-K summary
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Issuer:     NextDecade Corp (NEXT)
CIK:        0001612720
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-035897
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

NextDecade signs $4.327B EPC contract with Bechtel for Rio Grande LNG Train 4
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- Contract price $4.327B for lump sum turnkey EPC of Train 4, including €263.9M in euro-denominated equipment.
- Bechtel to build one LNG train, 180,000m³ tank, ground flare, and utilities for Trains 4 and 5.
- Performance guarantees, liquidated damages for delay, early production bonus for early completion.
- Bechtel must provide 10% letter of credit and parent company guaranty; maximum force majeure cost adjustment capped at $25M.
- RG4 must demonstrate sufficient funds or firm lender commitments before full notice to proceed; limited notice to proceed until Dec 15, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1612720/000162828024035897/0001628280-24-035897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1612720/000162828024035897/next-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035897

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