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Turnkey manufacturing is a process where one company oversees all aspects of a project's production from beginning to end.
Adjective. Also turn-key . of, relating to, or resulting from an arrangement under which a private contractor designs and constructs a project, building, etc., for sale when completely ready for occupancy or operation: turn-key housing, turnkey contract. fully equipped; ready to go into operation: a turnkey business.
Definition of turnkey (Entry 1 of 2) : built, supplied, or installed complete and ready to operate a turnkey nuclear plant a turnkey computer system also : of or relating to a turnkey building or installation a turnkey contract turnkey vendors. turnkey. noun. plural turnkeys.
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.
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.
1) Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end user just has to turn a key and start using the product or service.
A turnkey computer system is a complete computer including hardware, operating system and application(s) designed and sold to satisfy specific business requirements.
Key Takeaways A turnkey business is a for-profit operation that is ready to use as-is the moment it is purchased by a new owner or proprietor. The term "turnkey" is based on the concept of only needing to turn the key to unlock the doors to begin operations, or to put the key in the ignition to drive the vehicle.