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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.
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]
The Marcegaglia Group has invested a lot of resources in applied research through its subsidiary Oto Mills, the engineering company created for this specific purpose, and Marcegaglia Impianti, the engineering division specialising in the construction of turnkey iron and steel installations (for which it not only supplies the necessary ...
Orangeburg was a low cost alternative to metal for sewer lines in particular. Lack of strength causes pipes made of Orangeburg to fail more frequently than pipes made with other materials. The useful life for an Orangeburg pipe is about 50 years under ideal conditions, but has been known to fail in as little as 10 years.
Pipes and cables in the Large Hadron Collider, an example of the unity between mechanical, electrical and plumbing. Mechanical, Electrical, and Plumbing (MEP) refers to the installation of services which provide a functional and comfortable space for the building occupants. In residential and commercial buildings, these elements are often ...
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.
Directional boring machine. Directional boring, also referred to as horizontal directional drilling (HDD), is a minimal impact trenchless method of installing underground utilities such as pipe, conduit, or cables in a relatively shallow arc or radius along a prescribed underground path using a surface-launched drilling rig.
Pipe fitters plan and test piping and tubing layouts; cut, bend or fabricate pipe or tubing segments; and join those segments by threading them, using lead joints, welding, brazing, cementing, or soldering them together. They install manual, pneumatic, hydraulic and electric valves in pipes to control the flow through the pipes or tubes.