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To: Jim McMannis who wrote (7639)9/5/2000 4:50:15 PM
From: Joe NYCRespond to of 275872
 
Jim,

when you get half way through the project and the contractor comes to you and says, hey, we need more money, our costs have gone up and we're gonna go broke due to the rising Euro, what do you do?

Pay the incremental amount at spot exchange rate, but the bulk stays at the old rate.

Joe