Search results
Results from the WOW.Com Content Network
Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer. [4]
Various abbreviations used for this type of contract are LSTK for lump sum turn key, EPIC for engineering, procurement, installation & commissioning and EPCC for engineering, procurement, construction and commissioning. Use of EPIC is common, e.g., by FIDIC and most Persian Gulf countries. Use of LSTK is common in the Kingdom of Saudi Arabia.
A turnkey project is constructed by a developer and sold or turned over to a buyer in a ready to use condition. See also turnkey supplier. Turnkey may also refer to: TurnKey Linux Virtual Appliance Library, an open source project. Prison officer
For one, when a cash-rich restaurant bails on a retail location, it becomes available as a turnkey space, complete with HVAC, grease traps, and floor drains. Berman's company recently made a deal ...
PROVIDENCE − The state Affordable Housing Trust Fund approved $1 million for a new pilot program on Thursday to increase the number of new income-restricted houses sold in the state, offering a ...
A contract manufacturer (CM) is a manufacturer that contracts with a firm for components or products (in which case it is a turnkey supplier). It is a form of outsourcing . A contract manufacturer performing packaging operations is called copacker or a contract packager .
But word is out about Subway's latest footlong offering and, well, they might want to walk it back a few inches. According to the food news account @snackolator, Subway is currently testing ...
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.