Garantía de Seriedad de la Oferta

English translation: Guaranty of a Serious Offer

20:28 May 19, 2000
Spanish to English translations [PRO]
Law/Patents
Spanish term or phrase: Garantía de Seriedad de la Oferta
It's one of many documents to be submitted to qualify as contractor (the orginal text comes from Ecuador)
Claub22
English translation:Guaranty of a Serious Offer
Explanation:
A mechanism to ward of frivolous offers. It's pretty self-explanatory.
Selected response from:

Julia Scheeres
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
na +1Bid bond
Jorge Payan
naGuaranty of a Serious Offer
Julia Scheeres


  

Answers


16 mins
Guaranty of a Serious Offer


Explanation:
A mechanism to ward of frivolous offers. It's pretty self-explanatory.

Julia Scheeres
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 3
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1 day 2 hrs peer agreement (net): +1
Bid bond


Explanation:
This is the technical and handy term used for the warranty of the seriousness of an offer; maybe You meant is was necessary for the bidder, not for the contractor !

Jorge Payan
Colombia
Local time: 18:02
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 181

Peer comments on this answer (and responses from the answerer)
agree  Lesley Clarke: http://www.businessdictionary.com/definition/bid-bond.html
3717 days
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