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Definition of turnkey project a development in which a developer completes the entire project on behalf of a buyer; the developer turns over the keys to the buyer at completion. Example: Many government-owned public housing projects are turnkey projects.
The philosophy of turnkey procurement system adopts a single responsibility in design, construction, commissioning and handing over of the project life cycle. It would be one of effective project delivery approaches in addressing the fragmentation and adversarial working practices.
A contract in which a company is given full responsibility to plan and build something that the client must be able to use as soon as it is finished without needing to do any further work on it themselves: The stadium is being built under a turnkey contract.
An agreement under which a builder agrees to complete a facility so that it is ready for use when delivered to the other contracting party. A contractor may agree, for example, to build a fully equipped ad operational factory under the turkey contract.
Turnkey manufacturing is a full-service manufacturing process where the contractor provides all manufacturing and supply chain services, including design, fabrication, installation, aftermarket support, and technical service.
A turnkey computer system is a complete computer including hardware, operating system and application(s) designed and sold to satisfy specific business requirements.
A turnkey project is a delivery method in which a single entitya contractorworks with a project owner under a single contract to complete all stages of a project from detail engineering through construction.
A complete system of hardware and software delivered to the customer ready-to-run. In other words, just "turn the key" and go.
A turnkey business may refer to a business that can be purchased without having to make any changes to the business model or products sold. For example, a franchise like Taco Bell is a type of turnkey business.
A contract in which a company is given full responsibility to plan and build something that the client must be able to use as soon as it is finished without needing to do any further work on it themselves: The stadium is being built under a turnkey contract.