Difference between revisions of "Foreign Currency Translation Costs"
From Knowledge base
(Created page with "==Exchange Rate Fluctuations== A contract that is to be performed outside the United States will incur costs in a currency other than the US Dollar. Since currency rates thr...") |
Revision as of 11:01, 24 October 2013
Exchange Rate Fluctuations
A contract that is to be performed outside the United States will incur costs in a currency other than the US Dollar. Since currency rates throughout the world fluctuate, the estimated financial impact (costs) needs to be captured in the estimate to perform the work, or the contract should have a clause that allows for the compensation or fluctuation in the contract price, base on foreign currency translation rates.
ASBCA Case
Elter S.A, ASBCA No. 52441
