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 combines two concepts. The LS (lump sum) part refers to the payment of a fixed sum for the delivery under e.g. an EPC contract. The financial risk lies with the contractor. TK (turn key) specifies that the scope of work includes start-up of the facility to a level of operational status. Ultimately the scope of work will define just exactly what is needed.

Progressive LSTK

Very large projects may be split into phases where a fixed price (lump sum) is agreed at the start of each phase. This reduces the overall project risk taken on by the contractor at the start of the project, and increases flexibility on the part of the project owner to adapt the project to changing circumstances.

Sum

Sum may refer to:

As an acronym, SUM may refer to:

Sumé

Sumé is a municipality in the state of Paraíba in the Northeast Region of Brazil.

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References

Coordinates: 7°39′S 36°55′W / 7.650°S 36.917°W / -7.650; -36.917

Åsum

Åsum is a village and eastern suburb of Odense, Funen, Denmark. It contains a church.

References

Lump

Lump may refer to:

Also known as a dead cert

Lump (dog)

Lump (1956 – 29 March 1973), was a Dachshund owned by David Douglas Duncan who lived with artist Pablo Picasso for six years, and featured in several of his works.

Early life

Born in Stuttgart, Germany, and named after the German word for "rascal", the dog was acquired by David Douglas Duncan, an American photographer. Lump was purchased at the age of three months from a German family in order to act as a companion for Duncan's Afghan Hound, Kubla. The two dogs did not get along well, with the larger Afghan treating Lump much like a toy, rolling him around Duncan's apartment.

Pablo Picasso

Lump first met Picasso on April 19, 1957 at La Californie, Picasso's hillside mansion in Cannes. His owner, David Douglas Duncan, had photographed Picasso for the first time during the previous year. On this occasion he chose to bring along Lump, as the Dachshund didn't get along with his other dog. While having lunch with his future wife Jacqueline Roque and Duncan, Picasso enquired if the dog had ever had a plate of his own. When Duncan responded no, Picasso picked up a brush and paint that were on the table and painted a portrait of Lump on his own dinner plate. With the work dated and inscribed to Lump, he handed the plate to Duncan as a gift. The dog felt immediately at home and stayed with Picasso for the next six years at La Californie, living with Picasso's Boxer Yan and a goat named Esmeralda. Duncan spoke of Lump and Picasso, "This was a love affair. Picasso would take Lump in his arms. He would feed him from his hand. Hell, that little dog just took over. He ran the damn house."

Lump (album)

Lump is a 2000 greatest hits compilation album by The Presidents of the United States of America.

The album includes three covers: "Video Killed the Radio Star", originally by The Buggles, "Kick Out the Jams", originally by MC5 and "Cleveland Rocks", originally by Ian Hunter.

Unusual for a "Greatest Hits" album, Lump features only ten tracks totalling less than 30 minutes in length. Also, one of the band's biggest hits that also gave them a Grammy Nomination, "Peaches", is missing completely, along with minor hit "Kitty".

Track listing

All songs by The Presidents of the United States of America unless otherwise noted.

Credits