English translation: bank collateral form (or: bank collateral boiler plate)
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22:29 Apr 19, 2005
French to English translations [PRO] Bus/Financial - Business/Commerce (general)
French term or phrase:Modèle de Caution Bancaire Définitive
Explanation: A goods/services purchase system is to open a Tender (Appel d'Offres.
Bidders (Soumissionnaires) submit their quotations (Offres)accompanied with a Bid Bond (Caution Bancaire Provisoire)which is returned to non-awarded bidders upon the finalization of the tender.
The awarded bidder should submit a Performance Bond (Caution Bancaire Definitive) while signing the related Agreement with the Buyer. The latter is released after the goods/services are delivered and other contractual obligations are duly fulfilled (Performed) by the Seller.
frentur Turkey Local time: 10:33 Specializes in field Native speaker of: Turkish