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|German to English translations [PRO]|
|German term or phrase: firmenmäßig|
|Sofern der Zuschlag an eine Bietergemeinschaft erteilt wurde (§ 17 BVerG), ist der vorliegende Liefer- und Werkvertrag von allen Mitgliedern der Bietergemeinschaft als Auftragnehmer firmenmäßig zu unterfertigen.|
Does this mean that all the companies must undersign the agreement as a single contracting company? or does it mean that each company in the bidder partnership signs the the contract individually?
|English translation:act as a single company|
SYNDICATE-A group of underwriters formed to purchase (underwrite) a new issue of municipal securities from the issuer and offer it for resale to the general public. The syndicate is organized for the purposes of sharing the risks of underwriting the issue, obtaining aufficient capital to purchase an issue and for broader distribution of the issue to the investing public. One of the underwriting firms will be designated as the syndicate manager or lead manager to administer the operations of the syndicate. There are two major types of syndication agreements:
Divided or Western Account-A method for determining liability stated in the agreement among underwriters in which each member of an underwriting syndicate is liable only for the amount of its participation in the issue, and not for any unsold portion of the participation amounts allocated to the other underwriters.
Undivided or Eastern Account-A method for determining liability stated in the underwriting agreement in which each member of the underwriting syndicate is liable for any unsold portion of the issue according to each member's percentage participation in the syndicate.
The definition above seems to point out that all members of the syndicate (after conferring with each other) appoint one member (the manager) who will act on behalf of the others. In your example, therefore, all the companies must sign the agreement as a single entity.
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