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2. Lump sum contract - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_contract

   Typical Lump Sum Contract Structure. A lump sum contract in construction is one type of construction contract, sometimes referred to as stipulated-sum, where a single price is quoted for an entire project based on plans and specifications and covers the entire project and the owner knows exactly how much the work will cost in advance. [1]

3. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   There are three main types of construction contract, identified according to the mechanism for calculating the sum due to be paid by the employer: lump sum contracts, re-measurement contracts and cost-reimbursable contracts. The different types vary primarily with regard to who takes the risks involved, which party has to pay for the cost over ...

4. Fixed-price contract - Wikipedia

   en.wikipedia.org/wiki/Fixed-price_contract

   The Canadian Construction Documents Committee's "Stipulated Price Contract" (CCDC-2), revised in February 2008, provides for a property owner and prime contractor to agree that work is done for a fixed price or lump sum. [12]

5. Engineering, procurement, and construction - Wikipedia

   en.wikipedia.org/wiki/Engineering,_procurement...

   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.

6. Lump sum turnkey - Wikipedia

   en.wikipedia.org/wiki/Lump_sum_turnkey

   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 ...

7. Startup emerges from stealth with $25 million for robots that ...

   www.aol.com/finance/startup-emerges-stealth-25...

   It’s an example of an area where robots aren’t taking human jobs. ... to data analytics giant Palantir in 2016 for an undisclosed sum. Construction is a massive industry, responsible for $14 ...