Lump Sum Turnkey Contract

A lump-sum turnkey contract (LSTK, from English lump-sum turnkey contract , in German about turnkey flat-rate contract ) is a type of contract in plant construction in which a plant is handed over turnkey at a contractually fixed price. With an LSTK contract, the financial risk lies with the contractor.

See also

• Engineering Procurement Construction Contract (EPC)
• Build-Operate-Transfer- Contract (BOT)

Individual evidence

1. ↑ Entry on dict.cc
2. ↑ Jochen Drukarczyk, Dietmar Ernst: Industry- oriented company evaluation . Vahlen, 2011, ISBN 978-3-8006-4464-3 , p. 40.