forseringsavtalen
English translation: incentive contract; bonus agreement for the reduction of construction time
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| 07:16 Nov 10, 2015 |
| Norwegian to English translations [PRO] Law/Patents - Business/Commerce (general) | |||||||
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|  Selected response from: Michael Ellis United Kingdom Local time: 09:20 | ||||||
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| 4 | Incentive contract |
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| Looks like you are right |
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| Discussion entries: 1 | |
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Answers
1 day 1 hr confidence: 
Incentive contract Explanation: I agree with Boris's analysis, but "Incentive Contract" is mostly used in UK and, I think, in USA. Reference: http://www.businessdictionary.com/definition/incentive-contr... |
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Reference comments
56 mins |
| Reference: Looks like you are right Reference information: SAMMENDRAG EllingsØytunnelen (3500 m) og Valderøytunnelen (4200 m) på Sunnmøre er et resultat av lokalt pågangsmot og resultatorientert innsats. Totaløkonomi har vært retningsgivende for avgjørelser underveis, deriblant avtale med hovedentreprenøren Selmer-Furuholmen Anlegg a.s om bonus for forsering av anlegget. Som en fØlge av forseringsavtalen kommer utvikling av mobile støpeskjold samt en storstilet satsing for forsering av anlegget. Det ser foreløpig ut for at anleggstiden reduseres fra ca 37 til ca 22 kalendermåneder. SUMMARY The tunnels from Alesund to Ellingsøy (island), 3.500 m long and from Ellingsøy to Valderøy (island), 4.200 m lang isa ~esult of local determination and result-oriented action. Overall economy has been the guidelines for decisions underways, such as for instance the bonus agreement made with the main contractor Selmer-Furuholmen Anlegg a .s for reduction of construction time. Among same of the concequences of the bonus agreement was the development of selfpropelled mobile casting shields as a part of an all-encompassing effort for higher productivity. At present, it looks as if the construction time will be reduced from approximately 37 to approximately 22 calender months. Source: http://nff.no/wp-content/uploads/2015/08/1987-redusert-størr... (para 3.1.) Acceleration agreement for a construction or engineering contract http://uk.practicallaw.com/4-503-3913?source=relatedcontent |
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