Our aggregation of companies, proven experts in their specific fields, and our unique source of knowledge, enables us to deliver any of the key elements on an LSTK
In light of MDM's non-delivery of the Performance Security, the Company has given 14 days notice to MDM that the Company has the right under the LSTK, but not the obligation, at the expiry of the notice period, to terminate the LSTK.
In light of the situation and as part of a precautionary set of measures, management of the Company is reviewing all its construction options for completion of the Project should the LSTK be terminated.
In the LSTK
approach there is emphasis on teamwork.
In an interview set to appear in issue 480 of Construction Week, Macphail said that MMG's recent financial woes were caused by submitting low bids for larger LSTK
contracts during 2009/10 without properly understanding the risks.
GS Engineering & Construction of South Korea is low bidder for the Ruwais green diesel project planned by Takreer, with an offer of about $1 bn for the LSTK
A growing trend is for downstream petrochemical jobs to be awarded on a cost-reimbursable basis and then converted to LSTK
At the end of September 2008 we were passing 90 per cent progress in this LSTK
The project was divided into three sections and awarded to three major LSTK
Expression of Interest for Construction of Effluent Treatment & Sewage Treatment Plant on LSTK
Expression of Interest for Design Engineenng and Construction of tube ice% manufactunng plant of 500 TPD and flake ice manufactunng plant of 50 TPD, on LSTK
(Lump-sum Turnkey) basis, including mechanical ice handling system and a cold storage facility of 200t.
The Bidder should have successfully executed and completed as LSTK
Contractor with single point responsibility, involving Project Management, Residual Process Design, Detailed Engineering, Procurement, Inspection, Construction, Pre-commissioning and Commissioning/ Commissioning Assistance of at least one of the following grass root units of Refineries or Petrochemical Units: