Glossary entry

Spanish term or phrase:

Garantía de Mantenimiento de la Oferta

English translation:

Bid bond

Added to glossary by spanruss
Oct 6, 2005 18:13
18 yrs ago
2 viewers *
Spanish term

Garantía de Mantenimiento de la Oferta

Spanish to English Bus/Financial Business/Commerce (general)
From El Salvador, in the terms and conditions of a public bidding.
A bond that bidders must provide.
Thanks.
Proposed translations (English)
4 +1 Bid bond
4 Tender Guarantee

Proposed translations

+1
4 mins
Spanish term (edited): Garant�a de Mantenimiento de la Oferta
Selected

Bid bond

A bid bond guarantees the validity of a bid. The winning bidder must also provide a performance bond.

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Note added at 8 mins (2005-10-06 18:22:29 GMT)
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From the Glossary of surety terms on the insureexchange.com site, http://www.insurexchange.com/glossary/surety.htm
"Bid Bond
A guarantee that the contractor will enter into a contract, if it is awarded to him, and furnish such contract bond (sometimes called "performance bond") as is required by terms thereof."
Peer comment(s):

agree Marian Greenfield : that's what it is
2 hrs
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4 KudoZ points awarded for this answer. Comment: "Thanks a lot."
2 mins
Spanish term (edited): Garant�a de Mantenimiento de la Oferta

Tender Guarantee

;)
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