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A turnkey, [1] a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. This is contrasted with build to order , where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the ...
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.
ROCHESTER — Waste Management's Turnkey landfill on Wednesday received state approval to move forward with a 60-acre expansion of its massive garbage disposal operation in Rochester, despite ...
A turnkey project is a way for a foreign company to export its process and technology to other countries by building a plant in that country. Industrial companies that specialize in complex production technologies normally use turnkey projects as an entry strategy.
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 .
Our dissatisfaction with the current state of LCF and GEO’s facility operations has reached a critical point," Thompson's statement said. ... turnkey solutions for numerous government partners ...
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract.
C3 AI, Inc. (NYSE:AI) shares are trading higher on Wednesday. The company disclosed a strategic alliance with McKinsey & Company at Davos to accelerate Enterprise AI transformations. The ...