Licitation


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LICITATION. A sale at auction; a sale to the highest bidder.

References in periodicals archive ?
Deposits and Guarantees required: Temporary deposit 2% of the net amount of the licitation.
Deposits and Guarantees required: Provisional deposit 2% of the net amount of the licitation.
Deposits and Guarantees required: Final guarantee The 5% of the maximum budget base of licitation (excluding VAT), of each of the lots.