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An international construction company will bid on an overseas project, and the projected cash flows from the foreign operation will be hedged. However, the award

An international construction company will bid on an overseas project, and the projected cash flows from the foreign operation will be hedged. However, the award of the project is uncertain. Is there any method to deal with contingent cash flow? If yes, please suggest the strategy. Projected cash flow of the project

Time 0 : -$100m (land purchase, building materials etc) Time 1: - $25m (construction cost) + 65m (1st installment) Time 2: - 30m (construction cost) + 105m (final installment)

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