English to German translations [PRO]
Bus/Financial - Law: Contract(s) | | English term or phrase: performance bond | part of a contract/quote.
Is this some kind of 'warranty' by vendor, that project will be finished on time? |
|  hschlKudoZ activityQuestions: 99 ( 1 open) ( 8 without valid answers) ( 1 closed without grading) Answers: 238
| | Local time: 06:25
|
| | Erfüllungsgarantie or Leistungsgarantie | Explanation:
per Zahn
Yes, it's exactly that, a guarantee by the contractor that the work will be finished on time. The State of California requires such bonds for contract road work for instance. But it works both ways: If the contractor is late, he has to pay a penalty for each day that he's late. On the other hand, if he finishes early, he gets a bonus for each day prior to the deadline that he finishes the work.
HTH |
| Selected response from:
Ulrike Lieder
Local time: 21:25
| Grading comment | 2 KudoZ points were awarded for this answer |
| |
| Discussion entries: 0 |
|---|
Automatic update in 00:
|
5 mins confidence:   peer agreement (net): +2
| | | | X Sign in to your ProZ.com account... | | | | |
| KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases. See also: Search millions of term translations  |
The translation workplace 
