The cost of translation

By international standards, NZTC International is able to offer the most competitive translation pricing in the world, particularly in respect to the USA. The most important reasons for such attractive translation prices result from both our geographical location and the use of the latest translation software tools:

• The New Zealand economy provides a low overhead location for NZTC International's Head Office, and the company is able to achieve large economies of scale from the high volume of international turnover that can be produced by fulltime professional translators working together in a centralised production headquarters.
• New Zealand offers a high quality, but low-cost lifestyle choice for professionally qualified and experienced translators from both Europe and Asia.
• The implementation of localization and translation memory technology means that the cost of translation per word is constantly falling providing substantial savings, particularly for large jobs.

Reducing translation costs

The translation of documents into foreign languages requires considerable effort, time and money, and these factors multiply with each additional language and each updated version produced. As the size and the complexity of the job increases, so does the time required for project management, and quality assurance in addition to the human cost of the translations themselves. However, many of these activities can be automated or avoided all together with the use of new systems that integrate content creation, localization and content management into a single system. Where such systems have been implemented, translation clients have seen substantial savings in translation costs, by reducing the total number of words which require translation (or re-translation). Typical estimates for the efficient use of this technology are around 30%.

Reducing repeated translations using translation memory

Current translation memory systems can tell what has been previously translated, what content can be reused, what new content has added or changed in previously translated documents. This means that only text that that requires new translation contributes to the translation price. NZTC International has fully implemented the use of translation memory software. This means that "translation memories" are maintained for specific clients and particular products. Updates of user or technical manual thus only requires the translation of the content which is new or has been changed providing significant savings in the cost of translation by eliminating the time consuming task of re-translating text which has previously been translated, edited and verified.

Using Content Management to minimize translation cost

Using modern Content Management software, clients can think in terms of text components rather than complete documents. Such text components may be repeated processes, procedures, or technical data which need to be translated once only and can subsequently be reused in different documents or in updated versions. The cost of translation is substantially reduced by the use of such techniques. NZTC International can advise clients introducing such systems on how to interface efficiently with its translation memory software tools to minimize translation price.

Please contact our sales staff to obtain more detailed information about our pricing, or a quotation for your current work.

Payment terms

For work invoiced to a New Zealand address, a local Goods and Services Tax (GST) of 12.5% is applied. This local tax is not applied to work for international clients, including Australia. VAT and other value-added taxes are not applied to work carried out for clients in the United Kingdom or other European countries.

If you are completing a translation project with us for the first time, we will require a deposit to commence work for you. The amount of deposit required will be discussed with you in advance. Where credit is granted, payment is strictly due on the 20th of the month following date of our invoice. Unpaid accounts will incur late payment fees and collection costs.

Payment options

Payments can be made against private or company credit cards.

Direct credit can be made to any one of our bank accounts.

Payments in Euro can be made to:

Bank: Deutsche Bank, Hanover, Germany
Bank Code: 250 700 70
Account No.: 0362764 00
Account name: NZ Translation Centre Ltd

Telegraphic transfer in NZ$ can be made to:

Bank: The National Bank of New Zealand Ltd
Bank address: 1 Victoria Street, PO Box 2846, Wellington, New Zealand
Branch: Wellington Corporate and Business Banking
Account No.: 06-0501-0870928-00
Account name: New Zealand Translation Centre Limited
Swift code: ANZBNZ22

Telegraphic transfer in US$ can be made to:

Bank: Chase Manhattan Bank, New York, for account 'The National Bank of New Zealand Limited, Wellington, New Zealand' for further credit of 'The New Zealand Translation Centre Ltd'
Bank Reference: NZTRAN-USD00
Account No.: 0011941473
Swift code: ANZBNZ22

When processing payments directly to our account, please e-mail or fax details of the invoices paid to Walter Ng (walter@nztrans.co.nz, fax + 64 4 384 8554).

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