Glossary entry (derived from question below)
Norwegian (Bokmal) term or phrase:
byggherregaranti
English translation:
developer guarantee
Added to glossary by
brigidm
Jan 19, 2015 09:53
9 yrs ago
Norwegian (Bokmal) term
byggherregaranti
Norwegian (Bokmal) to English
Tech/Engineering
Construction / Civil Engineering
Example of use: "Nordic Guarantee tilbyr byggherregarantier som garanterer byggherrens forpliktelser i henhold til underliggende kontrakt. Ofte dreier dette seg om forpliktelser vedrørende betaling til utførende entreprenør, men kan også være andre forpliktelser som f.eks. prosjektering."
Proposed translations
(English)
4 | developer guarantee | Stein Erik Buchardt |
5 | performance bond | Charles Ek |
Proposed translations
45 mins
Selected
developer guarantee
it is referring to a guarantee posted by the developer, for a certain project, to ensure that he is able to cover any and all costs of the undertaking. This is usually made as a bank guarantee.
4 KudoZ points awarded for this answer.
3 hrs
performance bond
Used to sit across from bond underwriters who wrote these all day long for customers of the insurance company we worked for. See the link for an explanation. These will typically cover completion plus payments due to subcontractors and materials suppliers.
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Note added at 4 hrs (2015-01-19 14:31:34 GMT)
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See http://byggejuss.no/garantier-i-entrepriseforhold-en-selvfol... for discussion about this, referring to NS 8405 and 8407.
I don't have an English translation of either standard immediately at hand, but I can do some poking around if you do not as well.
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Note added at 4 hrs (2015-01-19 14:31:34 GMT)
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See http://byggejuss.no/garantier-i-entrepriseforhold-en-selvfol... for discussion about this, referring to NS 8405 and 8407.
I don't have an English translation of either standard immediately at hand, but I can do some poking around if you do not as well.
Note from asker:
I thought that at first, Charles, but there's a snag. I can't disclose the full context but the contract must include: "bestemmelser om byggherregaranti og gjennomføringsgaranti fra totalentreprenør". I already used "performance bond" for "gjennomføringsgaranti". |
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