14:33 Mar 27, 2020 |
German to English translations [PRO] Law/Patents - Law: Contract(s) / outsourcing agreement | |||||||
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| Selected response from: Adrian MM. Austria | ||||||
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4 | insurance bond (surety bond) |
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4 -1 | retention amount |
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3 | back-to-back indemnity insurance |
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Discussion entries: 3 | |
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retention amount Explanation: Retention is a percentage (often 5%) of the amount certified as due to the contractor on an interim certificate, that is deducted from the amount due and retained by the client. The purpose of retention is to ensure that the contractor properly completes the activities required of them under the contract. - https://www.google.com/search?q=retention insurance&oq=reten... https://www.google.com/search?q=google+translate&oq=go&aqs=chrome.1.69i60j69i59j0j69i57j69i60l4.1276j0j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=retention+insurance&oq=retention+insurance&aqs=chrome..69i57j0l7.3889j0j9&sourceid=chrome&ie=UTF-8 |
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insurance bond (surety bond) Explanation: Please refer to the link below: https://www.turtons.com/blog/9-types-of-security-under-a-con... |
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(AUT: Haft-/ Deckungs-)Rücklassversicherung back-to-back indemnity insurance Explanation: Sie / Bankgarantie - see also the 2nd weblink. A chain of outsourcers suggests a back-to-back insurance arrangement down the 'contractual chain'. Example sentence(s):
Reference: http://www.vav.at/firmen/bau/bauruecklassversicherung Reference: http://eng.proz.com/kudoz/german-to-english/construction-civ... |
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