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recepción del pago en la UTE del hito correspondiente

English translation: after receipt of the corresponding milestone payment by the joint venture


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:recepción del pago en la UTE del hito correspondiente
English translation:after receipt of the corresponding milestone payment by the joint venture
Entered by: Emily Plank
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05:46 Jan 24, 2007
Spanish to English translations [PRO]
Law/Patents - Finance (general)
Spanish term or phrase: recepción del pago en la UTE del hito correspondiente
It's part of a condition..the entire phrase is

Los pagos se efectuarán dentro de los diez (10) días laborables después de la recepción del pago en la UTE del hito correspondiente.

So far I have "Payments will be made within ten (10) working days after receipt of payment.."

but am unsure how to translate the last bit. I know UTE is the Temporary Union of Enterprises...but don't quite understand what they are saying. Is it saying once the payment has been received by the UTE? And how would you incorporate the "hito correspondiente" bit?

Thanks for your help (I am a new translator!)
Emily Plank
Australia
Local time: 02:29
after receipt of the corresponding milestone payment by the joint venture
Explanation:
UTE is Unión Temporal de Empresas, a standard method by which companies club together for a government contract. In construction projects, payments are released as specific milestones are attained.
Selected response from:

John Rynne
Local time: 20:29
Grading comment
thanks a lot!
4 KudoZ points were awarded for this answer



Summary of answers provided
5after receipt of the corresponding milestone payment by the joint venture
John Rynne
4corresponding instalmentJuce Evans


  

Answers


13 mins   confidence: Answerer confidence 5/5
after receipt of the corresponding milestone payment by the joint venture


Explanation:
UTE is Unión Temporal de Empresas, a standard method by which companies club together for a government contract. In construction projects, payments are released as specific milestones are attained.

John Rynne
Local time: 20:29
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 442
Grading comment
thanks a lot!
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
corresponding instalment


Explanation:
Could I suggest "corresponding instalment" for "hito corespondiente" ?

Juce Evans
France
Local time: 20:29
Specializes in field
Native speaker of: Native in EnglishEnglish
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