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Prices vary widely across the country, though, so how much house you can afford to build will depend on your location. And keep in mind that supply-chain shortages can unexpectedly drive up costs ...
It's no secret that lumber prices have surged and it costs much more now to build a home than it did pre-pandemic. But that doesn't mean that new home construction is at a halt. According to the...
Barndominium Barndominium under construction with corrugated roof and siding Post-frame barndominium with two-car garage on one side and a large drive-through garage on the other A barndominium , also known as a barndo , is a metal pole barn , post-frame or barn-like structure with sheet metal siding that has been partially or fully converted ...
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.
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.
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