baja económica
English translation: economic reduction (in the project financing)
| 12:11 Sep 23, 2011 |
| Spanish to English translations [PRO] Bus/Financial - Finance (general) / Tenders | |||||||
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|  Selected response from: Marta Moreno Lobera Spain Local time: 23:44 | ||||||
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| 4 +1 | economic reduction (in the project financing) |
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| 2 | withdraw |
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| In my experience |
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| Discussion entries: 2 | |
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Answers
50 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1economic reduction (in the project financing) Explanation: According to the text below, I would say that "baja económica" refers to the financing of the project. Grupo Fomento contributes with only 134 million euros (the total amount is 335 million) and this reduction is due to the following alternative sources of financing: "El resto de la financiación se obtendrá del aprovechamiento de los aparcamientos y de edificios de actividad terciaria de la propia estación, así como de aquellos otros aprovechamientos urbanísticos necesarios para completar la financiación del Proyecto que se le atribuyan previamente al concurso." Ref.: "Se valora el coste de la estación de La Sagrera en 335 millones de euros (precio del año 2002), cantidad que no incluye el coste de los edificios exteriores al vestíbulo. .Se acuerda ejecutar el conjunto de la estación de La Sagrera mediante un sistema concesional a concursar por el Grupo Fomento. Se establece la aportación máxima del Grupo Fomento a este proyecto la cantidad de 134 millones de euros (valor del año 2002). El resto de la financiación se obtendrá del aprovechamiento de los aparcamientos y de edificios de actividad terciaria de la propia estación, así como de aquellos otros aprovechamientos urbanísticos necesarios para completar la financiación del Proyecto que se le atribuyan previamente al concurso. .La baja económica en el concurso redundará en una menor aportación del Grupo Fomento." http://www.gencat.cat/diari_c/5526/09329038.htm Un saludo, Marta. |
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Grading comment
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1 hr confidence:
withdraw Explanation: I think it could also mean "darse de baja", retirarse del concurso. Si en la agrupación de empresas que realizan el concurso se retiran algunas de ellas,... |
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Reference comments
4 mins peer agreement (net): +1 |
| Reference Reference information: Given that the term baja económica relates directly to concurso it could be that it is refering to a project of low economic value, i.e. with a low budget. |
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3 hrs |
| Reference: In my experience Reference information: "baja" in the context of public tenders ("concursos") refers to the amount by which the actual bid falls below the notional budget earmarked for the project. There is also the concept of "baja temeraria", i.e. a lowball bid so far below the notional budget that the Administration doubts that the bidder can fulfill the conditions and meet the quality standards at that price. Bids considered to represent a "baja temeraria" are not taken into consideration for this reason. As I understand it, in this context, the bidder is willing to do the job for less than the notional budget earmarked for it, so Grupo Fomento will not have to pay as much as it had budgeted. |
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