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What is the difference between lump sum contract and turnkey contract?

Anonymous

∙ 10y ago

Updated: 9/28/2023

A lump sum contract is an agreement to make a one time payment for goods and services as specified by the purchaser in the agreement. A turnkey contract is an agreement to deliver a completed ready to use service or project without any specifications made by the purchaser.

Wiki User

∙ 10y ago

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