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Lump sum turnkey (LSTK) is a combination of the business-contract concepts of lump sum and turnkey. Lump sum is a noun which means a complete payment consisting of a single sum of money while turnkey is an adjective of a product or service which means product or service will be ready to use upon delivery.

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  • Ein Lump-Sum-Turnkey-Vertrag (LSTK, von englisch lump-sum turnkey contract, zu deutsch etwa Schlüsselfertig-Pauschalvertrag) ist eine Vertragsform im Anlagenbau, bei der eine Anlage schlüsselfertig zu einem vertraglich festgelegten Festpreis übergeben wird. Das finanzielle Risiko liegt bei einem LSTK-Vertrag beim Auftragnehmer. (de)
  • Lump sum turnkey (LSTK) is a combination of the business-contract concepts of lump sum and turnkey. Lump sum is a noun which means a complete payment consisting of a single sum of money while turnkey is an adjective of a product or service which means product or service will be ready to use upon delivery. In the construction industry, LSTK combines two concepts. The LS (lump sum) part refers to the payment of a fixed sum for the delivery under e.g. an EPC contract. The financial risk lies with the contractor. TK (turn key) specifies that the scope of work includes start-up of the facility to a level of operational status. Ultimately the scope of work will define just exactly what is needed. (en)
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  • Ein Lump-Sum-Turnkey-Vertrag (LSTK, von englisch lump-sum turnkey contract, zu deutsch etwa Schlüsselfertig-Pauschalvertrag) ist eine Vertragsform im Anlagenbau, bei der eine Anlage schlüsselfertig zu einem vertraglich festgelegten Festpreis übergeben wird. Das finanzielle Risiko liegt bei einem LSTK-Vertrag beim Auftragnehmer. (de)
  • Lump sum turnkey (LSTK) is a combination of the business-contract concepts of lump sum and turnkey. Lump sum is a noun which means a complete payment consisting of a single sum of money while turnkey is an adjective of a product or service which means product or service will be ready to use upon delivery. (en)
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  • Lump-Sum-Turnkey-Vertrag (de)
  • Lump sum turnkey (en)
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