TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

completion bond [2 records]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2015-01-07

English

Subject field(s)
  • Law of Contracts (common law)
  • Government Contracts
  • Execution of Work (Construction)
DEF

A surety bond guaranteeing the completion of a project or building by a contractor.

DEF

Bond generally given by an owner to a lender or mortgagee guaranteeing the successful financing to the completion of a construction project free of liens. It should not be confused with a performance bond, which is given by contractor to an owner guaranteeing faithful performance of the contract.

OBS

Not to be confused with "contract bond" (see record).

French

Domaine(s)
  • Droit des contrats (common law)
  • Marchés publics
  • Exécution des travaux de construction
CONT

Caution de bonne fin. En France, cette caution garantit à l'acheteur maître d'œuvre, que les travaux ou les fournitures seront effectués ou livrés comme prévu au contrat, c'est-à-dire en totalité et dans les délais fixés. Sa mise en jeu se traduit par le versement d'une somme convenue (généralement 5 à 10 % du montant du contrat).

Spanish

Save record 1

Record 2 1982-03-25

English

Subject field(s)
  • Insurance
  • Fire, Accidents, Miscellaneous Risks (Insur.)
OBS

a bond given by the owner (not necessarily the contractor) as Principal to lenders, lessors, mortgagees or trustees, who have advanced him money, guaranteeing the completion of the building free of liens.

French

Domaine(s)
  • Assurances
  • Incendies, accidents et risques divers (Assur.)
OBS

Le cautionnement d'accomplissement est accordé au propriétaire (qui n'est pas forcément l'entrepreneur); en tant que débiteur des prêteurs, des bailleurs, des créanciers hypothécaires ou des administrateurs qui ont avancé des fonds dans cette affaire afin de leur garantir que le bâtiment sera terminé, libre de tout privilège.

Spanish

Save record 2

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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