When the municipality of the Turkish city of İzmir announced a tender for construction of a cable car system, Leitner (Germany), Doppelmayr (Austia) and a Turkish consortium consisting of STM Teleferik and Yapi Kur won the fierce competition and became the final three bidders.
Since the bid submitted by Leitner was the best, the company was announced the winner.
However, it was never awarded the contract. Despite its best bid, Leinter lost to its Turkish competitor. The reason was the absence of Turkish language translation of its bidding documents which were all written in English.
According to the Turkish law, bids made in a foreign language must be accompanied by a notarized Turkish language translation. By the way, Doppelmayr also failed to submit its offer in Turkish.
Was it reasonable to ignore the requirements of the law? Or did they want just to save on translation?
The market price for quality translation in the English-Turkish language pair is about USD 0.15 per word. An hourly rate for editing translations is USD 30.00 per hour and USD 20.00 per hour for proofreading. The notarization doesn't cost a fortune either.
So, for some reason, the foreign bidders went without the help of professional Turkish translators. And they did saved on translation. But they lost a contract valued at about USD 4 million.
Would you like to talk about what's going on in the translation industry?
Great! Share your thoughts and opinions regarding language translation news and trends. Here you can even publish your own news about language translation services!
Didn't find what you were looking for? Use this search feature to find it.
Almost everyone would like to quit their day job, or work from home, or needs extra money.
What if you could build for yourself an online business that could give a full-time income...
With Site Build It! this dream can become a reality. I do not offer you another get-rich-quick scheme. I am talking about a complete and proven step-by-step process that will require your time and work.
But it is a doable process that has given many people a new income and a shot at a new life. Here's some people who are doing it.
Site Build It! is more than just hosting or site-building. It provides all the tools you need for getting traffic, sending out e-mails, adding a blog, and monetizing your site. And you don't have to be a techie to use it.
Want to learn more? Take the Video Tour. It will show you what I mean.
Invest the most
important 30 minutes
you will spend online.
The process works! I know because I've done it myself. You are reading now my site built with the help of Site Build It! tools. Two years ago I have jumped at the opportunity to turn my dreams to reality and have never regretted that decision.
What stops you? You can give yourself this opportunity too!
Site Build It! offers a No-Risk Money-Back Success Guarantee that means you have nothing to lose.