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  3. Law: Contract(s)

garantia anticipo contractual

English translation: advanced payment bond

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:garantia anticipo contractual
English translation:advanced payment bond

18:31 Nov 1, 2015
    The asker opted for community grading. The question was closed on 2015-11-05 12:54:11 based on peer agreement (or, if there were too few peer comments, asker preference.)


Spanish to English translations [PRO]
Law: Contract(s) / garantia anticipo contractual
Spanish term or phrase: garantia anticipo contractual
What does it mean? It is written on documentación principal del contrato parala coordinación in the part of guarantees which constractor has to undertake.
amelie08
Türkiye
Local time: 04:29
advanced payment bond
Explanation:
SECRETARÍA NACIONAL
TÍTULO:
Manual de Contratación Pública para la Gestión del Proceso de la Fase Contractual
2, 2.1 Pagar anticipo:
De incluir el contrato pagos de anticipo, el Administrador del contrato deberá solicitar ala Unidad Financiera, el pago al contratista. La Unidad Financiera una vez recibida la solicitud, procederá al pago y notificará del mismo a al Administrador del contrato

6. La entrega de Garantías estipuladas en el contrato
La garantía de buen uso del anticipo se devolverá cuando éste haya sido devengado en su totalidad.
http://www.ambiente.gob.ec/wp-content/uploads/downloads/2012...

Advance Payment bond
Definition
Guarantee supplied by a party receiving an advance payment to the party advancing the payment. It provides that the advanced sum will be returned if the agreement under which the advance was made cannot be fulfilled. Also called advance payment guarantee.
Read more: http://www.businessdictionary.com/definition/advance-payment...

If the client agrees to make an advance payment (sometimes referred to as a down payment) to a supplier, a bond may be required to secure the payment against default by the contractor. This is referred to as an advance payment bond (APB), advance payment guarantee or advance stage payment.

Typically on a construction project an advanced payment bond will be required by the client if the contractor requests advance payment to help them meet significant start up or procurement costs that may have to be incurred before construction begins.
Advance payment bond for construction contracts


Selected response from:

lugoben
Local time: 21:29
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
3 +2advanced payment bond
lugoben
3guarantee of advance on contract
patinba
3 -1Retainer Agreement
Chris Maddux


Discussion entries: 2





  

Answers


29 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
guarantee of advance on contract


Explanation:
"Manejo del anticipo- contractual
En la gran mayoría de los contratos se acostumbra pactar adelantos o anticipos que son los dineros o bienes que recibe el contratista para iniciar o continuar su ejecución. Se garantiza el buen uso o manejo, así como la correcta inversión y amortización de los dineros o bienes que se hayan anticipado para la ejecución del contrato."

92 S.E.2d 128 - Justia
law.justia.com › ... › South Carolina Supreme Court Decisions › 1956
The Southern Construction Company, Inc. sublet the painting work to W.C. Drake, ... and City Lumber Company for $3,500.00, earmarked "advance on contract.
A Comprehensive Catalogue of the Correspondence and Papers ...
https://books.google.com.ar/books?isbn=031331831X
Daniel Preston - 2001 - ‎Political Science
... July) William Giles to JM 5 July 1800 Richmond requests advance on contract for construction at the penitentiary LS, Vi-Ar: Executive Papers John Underwood ...

patinba
Argentina
Local time: 22:29
Native speaker of: Native in EnglishEnglish
PRO pts in category: 564
Login to enter a peer comment (or grade)

32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
Retainer Agreement


Explanation:
https://medialeaders.com/hiring-a-freelancer-heres-5-clauses...



Chris Maddux
United States
Local time: 18:29
Native speaker of: English

Peer comments on this answer (and responses from the answerer)
disagree  philgoddard: This makes no sense.
2 mins
Login to enter a peer comment (or grade)

6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +2
advanced payment bond


Explanation:
SECRETARÍA NACIONAL
TÍTULO:
Manual de Contratación Pública para la Gestión del Proceso de la Fase Contractual
2, 2.1 Pagar anticipo:
De incluir el contrato pagos de anticipo, el Administrador del contrato deberá solicitar ala Unidad Financiera, el pago al contratista. La Unidad Financiera una vez recibida la solicitud, procederá al pago y notificará del mismo a al Administrador del contrato

6. La entrega de Garantías estipuladas en el contrato
La garantía de buen uso del anticipo se devolverá cuando éste haya sido devengado en su totalidad.
http://www.ambiente.gob.ec/wp-content/uploads/downloads/2012...

Advance Payment bond
Definition
Guarantee supplied by a party receiving an advance payment to the party advancing the payment. It provides that the advanced sum will be returned if the agreement under which the advance was made cannot be fulfilled. Also called advance payment guarantee.
Read more: http://www.businessdictionary.com/definition/advance-payment...

If the client agrees to make an advance payment (sometimes referred to as a down payment) to a supplier, a bond may be required to secure the payment against default by the contractor. This is referred to as an advance payment bond (APB), advance payment guarantee or advance stage payment.

Typically on a construction project an advanced payment bond will be required by the client if the contractor requests advance payment to help them meet significant start up or procurement costs that may have to be incurred before construction begins.
Advance payment bond for construction contracts




lugoben
Local time: 21:29
Native speaker of: Spanish
PRO pts in category: 24
Grading comment
Selected automatically based on peer agreement.
Notes to answerer
Asker: Muchas Gracias


Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Advance, not advanced.
12 hrs
  -> You are right, thanks a lot philigoddard
agree  AllegroTrans: advance
2 days 21 hrs
  -> Many thanks, AllegroTrans, greetings
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