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What is the difference between LSTK and LSPB Project in EPC Business?

EPC
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Question added by atif ahmed
Date Posted: 2016/11/29
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Manan Nirmal
by Manan Nirmal , DESIGNER , LINDE ENGINEERING INDIA PVT LTD

LSTK stands for Lump Sum Turn Key. This is a contractual agreement in which a fixed price is agreed for the execution of a project or part of a project.LSPB stands for Lump Sum Procure and Build (construction contract type)

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