Glossary entry

Spanish term or phrase:

solvencia técnica/económica

English translation:

financial and technical competence

Added to glossary by Wordup (X)
Jul 2, 2014 20:10
9 yrs ago
38 viewers *
Spanish term

solvencia técnica/económica

Spanish to English Bus/Financial IT (Information Technology) IT Technical Specification document
This is part of an IT Technical Specification document.

"El detalle y estrategia de las herramientas se desarrolla en la documentación técnica a entregar una vez superada la solvencia técnica/económica"

"Datos por completar en la documentación a entregar una vez superada la solvencia técnica/económica"

I'm thinking "review" maybe?

Many thanks

Proposed translations

+5
1 hr
Selected

Financial and technical competence

In public biddings in Spain, bidder companies have to prove their "solvencia técnica y económica". This means that the company has to provide different documents that prove the company's ability to perform the required job, both technically (in terms of technical know-how, adequately trained staff, required equipment and facilities), and in terms of financial strength.

A Google search for "Financial and technical competence" yields 4 million entries, many of them speaking about public bidding conditions:

http://www.publications.parliament.uk/pa/cm200203/cmselect/c...
" It should include an assessment of bidders' financial and technical competence, including their performance on other government projects."
Peer comment(s):

agree James A. Walsh : Absolutely!
40 mins
agree Andy Watkinson : Exactly.
3 hrs
agree David Hollywood : de acuerdo
4 hrs
agree philgoddard
13 hrs
agree Elizabeth Joy Pitt de Morales
14 hrs
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Many thanks Alicia and agreers"
7 mins

technical/economic issues

Solvencia literally means a state of being solvent i.e. having paid off any debts, so solvencia economica means that you don't have any debts. I'm guessing that in this context a technical debt would be an outstanding issue that hasn't yet been sorted out, so technical/economic issues might fit the bill here.
Something went wrong...
9 mins

technical/economic clearance

El vendedor debe controlar que el cliente tienga respaldo técnico y económico antes de llevar a cabo la transacción.
Something went wrong...
+2
29 mins

financial and technical solvency

A lot of hits on NGO economic solvency, but not so many on technical solvency. But saying that solvency refers to a company's ability to meet long term obligations, so would also work here.
Peer comment(s):

agree Jean Shearer
10 mins
Thanks Jean :)
agree neilmac : Best in show IMHO
1 day 11 hrs
thanks neilmac :)
Something went wrong...
12 hrs

finincial and technical standing

is in my view the best translation for this term. as in, for example,

Public-Private Partnerships in the European Union
books.google.es/books?isbn=1317813715
Christopher Bovis - 2005 - ‎Business & Economics
The Court held that with regard to the qualitative criteria relevant to the economic, financial and technical standing, a tenderer may rely on the standing of other ...

Strategic Housing Delivery Partner. - Oppex
https://www.oppex.com/.../SELL2WALES_ad0fdc0f7be25513e5b871c...
May 13, 2014 - We are keen to work with organisations which: — Have the organisational, professional, financial and technical standing to deliver.

EUR-Lex - 61998CC0176 - EN - EUR-Lex
eur-lex.europa.eu › EUROPA › EU law and publications › EUR-Lex
... contracting authority from taking account, for the assessment of the selection criteria of the financial and technical standing which a company must satisfy upon ...

EUR-Lex - 62000TJ0169 - EN - EUR-Lex
eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:62000TJ0169
... alleges disregard of the contract notice and the contract documents with regard to the evaluation of the successful tenderers' financial and technical standing.

Regulating Public Procurement: National and International ...
books.google.es/books?isbn=9041106367
Sue Arrowsmith, ‎John Linarelli, ‎Don Wallace - 2000 - ‎Business & Economics
As has been mentioned, in order to obtain value for money, governments need to ensure that selected firms have the financial and technical standing to carry out ...

About Network Computing Ltd | Network Support
www.network-computing.co.uk/aboutus.php
... the 1990's, and our ongoing commitment to Quality and Customer Service is reflected in the strong financial and technical standing of our business today.
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