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      ELEMENT:
        foreach $key (keys %Contracts) 
...
              next ELEMENT if ($Contracts{$key}[STATE] eq $ST_REPORTED
+); 
              $elapsed_time = time() - $Contracts{$key}[START];
              .... lots more accesses to the  $Contracts{$key} record.

     ELEMENT:
        foreach $key (keys %Contracts) 
...
              $elapsed_time = time() - $Cntrct_ref[START];

              ...