TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

TENDER BOND [1 record]

Record 1 2024-04-24

English

Subject field(s)
  • Government Contracts
  • Foreign Trade
  • Insurance
  • Execution of Work (Construction)
CONT

A bid bond guarantees compensation to the bond owner if the bidder fails to begin a project. Bid bonds are often used for construction jobs or other projects with similar bid-based selection processes.

OBS

Not to be confused with "bid guarantee."

French

Domaine(s)
  • Marchés publics
  • Commerce extérieur
  • Assurances
  • Exécution des travaux de construction
CONT

Le cautionnement de soumission. Ce type de cautionnement vise à empêcher un fournisseur de déposer des offres qu'il ne serait pas en mesure de respecter. De fait, il s'agit d'une garantie que le soumissionnaire retenu maintiendra son engagement à entreprendre le contrat.

OBS

Ne pas confondre avec «garantie de soumission».

Spanish

Campo(s) temático(s)
  • Contratos gubernamentales
  • Comercio exterior
  • Seguros
  • Ejecución de los trabajos de construcción
DEF

Garantía o caución que se da como garantía de la concertación de un contrato.

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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