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Section X— Secondary Options

Clause X3

Multiple Currencies

Purpose

The currency of the contract is stated in the Contract Data. Amounts due in other currencies are paid in the currencies and using the exchange rates stated in the Contract Data.

Practical Application

The Contract Data states the contract currency, any other payment currencies and the exchange rates.

Common Pitfalls

Payments in other currencies use the exchange rates stated in the Contract Data.

📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.

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⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.