Glossary entry (derived from question below)
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.
A bond that bidders must provide.
Thanks.
Proposed translations
(English)
4 +1 | Bid bond |
spanruss
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4 | Tender Guarantee |
Roberto Rey
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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."
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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."
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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