投标保证金英文解释，谢谢！

Bid bond

Bid security (bid security) to protect the buyer from the behavior of bidders because of the loss suffered by the buyer behavior of bidders in due time of the injury can be confiscated under the provisions of bidders deposit.
Any of the following happens, the bond will be forfeited:
(1) The bidder in the tender letter format specified in the tender period to withdraw its bid;
(2) the successful bidder fails within the prescribed period: (a) under the provisions of a contract; or accepted under the provisions of the bug fixes; (b) submit the performance bond according to the regulations.
According to regulations, bidders shall submit the amount of the bid bond requirement, and as part of their tenders.
Bid bond tender currency or another may be freely convertible currency, and use any of the following form:
(1) from a buyer's country or abroad in the credibility of the tender document provides a good bank with the buyer to accept the format or other format issued by the bank guarantee or irrevocable letter of credit, which should be more than the tender validity period (30 ) days;
(2) bank draft, certified check.
(3) cash.
Not the successful bidder's bid security will be provided in the tender the buyer after the expiration of thirty (30) days of return. However, any of the following happens, the bond will be forfeited:
1. Tenderers in the tender documents the tender period to withdraw its bid;
2. The successful bidder fails within the prescribed period:
(1) According to the bidders as required by the provisions of contract or acceptance of the bug fixes;
(2) Under the provisions of the tender documents did not submit a performance bond.
3. Bidders bid using fraudulently obtained.

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