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FIDIC 1999 - Provision Sum Rate of Exchange

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DaveChowmein

DaveChowmein

Civil/Environmental
Joined
Jan 20, 2014
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Hi,
I am working on a contract as the Engineer for a project under the FIDIC Red Book 1999.
The Contractor has submitted a quote for a provisional sum which uses an exchange rate different to that in the Contract. Is that possible, or can should it be the exchange rate defined in the contract?
Thanks
 
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Depends on the currency and exchange clauses specified in the Contract. Check your contract carefully.
 
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