Garantia para Boa Execução
English translation: Performance Bond
| 13:38 Apr 21, 2015 |
| Portuguese to English translations [PRO] Law/Patents - Law: Contract(s) / Contract | |||||||
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|  Selected response from: Gilmar Fernandes United States Local time: 00:50 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 4 +4 | Performance Bond |
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| 3 | Fulfiment Bond |
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| Discussion entries: 4 | |
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Answers
16 mins confidence: 
peer agreement (net): +4
peer agreement (net): +4Performance Bond Explanation: 1.'Garantia para Boa Execução: Caução a prestar pelo Empreiteiro para garantia do cumprimento das obrigações de boa execução dos Trabalhos assumidas pelo Empreiteiro.' = PERFORMANCE BOND http://www.businessdictionary.com/definition/performance-bon... A written guaranty from a third party guarantor (usually a bank or an insurance company) submitted to a principal (client or customer) by a contractor on winning the bid. A performance bond ensures payment of a sum (not exceeding a stated maximum) of money in case the contractor fails in the full performance of the contract. ..................................................................................................... 2. 'Garantia de Performance: Obrigação de satisfação das especificações de performance das Turbinas Eólicas do Parque Eólico em Sobreequipamento, a prestar pelo Empreiteiro.' = PERFORMANCE GUARANTEE http://www.businessdictionary.com/definition/performance-gua... A business agreement between a client and a contractor for the contractor to perform all of their obligations under the contract. A performance guarantee might also include a clause to protect the client against losses incurred in case the contractor fails to perform and enforcement action is required or an alternative contractor needs to be engaged. |
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Notes to answerer
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