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What does LSTK stand for?

LSTK stands for Lump Sum Turn Key (contract or package)

This definition appears frequently

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Samples in periodicals archive:

The cold commissioning of the CTRP follows the issuing of a C1 Level: Certificate of Mechanical Completion (the 'Certificate') by Basil Read Holdings Limited subsidiary, Matomo Projects (Pty) Limited, in accordance with the technical documentation as per the lump sum turn key contract, and to the satisfaction of Phoenix's third party inspectors.
PTC signs $378m deal for polysilicon plant POLYSILICON Technology Company (PTC) announced that it has signed a $378 million lump sum turn key engineering, procurement and construction (LSTK EPC) contract for Phase 1 of its Polysilicon Plant with Hyundai Engineering Company and KCC Engineering and Construction Corporation.
The Engineering, Procurement and Construction contract (EPC) was signed as lump sum turn key, with schedule and price fixed, includes completion and performance guarantees for the plants and foresees incentive mechanisms to the EPC Contractor to anticipate the delivery of the units.
Detailed process descriptions with envisaged operational philosophy - Full equipment lists (Mechanical, electrical, instruments) - Plant Layouts - Structural take offs (Steel, concrete etc) - Lump Sum Turn Key Price for Plant Established in 1984, DRA is South Africa's largest mining engineering company specializing in project management and process plant design with projects on five contintents.
8 million increase in the costs for the power plant, which will now operate on heavy fuel oil rather than more costly diesel oil; increases related to the general rise in construction and related input costs, particularly for steel and for ocean shipping; increased costs related to the decision to use a Lump Sum Turn Key contract; and obtaining political risk insurance.