| 词汇 | bid-bond |
| 释义 | bid bond noun[ C ] ukus an amount of money that a company that makes the lowest bid to do a particular piece of work promises to pay if it then does not do the work: The purpose of the bid bond is to prevent frivolous bidders. A bid bond is often in the form of a financial guarantee from a bank or insurance company. Examples of bid bondbid bond A $2 million bidbond was to accompany each bid; the winner would have to post a $5 million performance bond. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The bidbond penalty is generally ten percent of the bidder's tender price. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. A $2 million bidbond was to accompany each bid. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The validity of the tender was 180 days—six months—with the usual performance and bidbond demands. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Is it possible to emulate the principles of international tendering by the use of bid bonds and performance bonds? From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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