Turn-Key

Definition

Turn-key refers to a material item and its associated labor combined and priced by another contractor.

Purpose

The purpose of a turn-key project is to provide a complete, ready-to-use solution where the contractor handles all aspects of the project, from materials to labor, delivering the finished product to the client.

Examples of Use

1. Home Construction: A contractor offers a turn-key home building service, handling everything from foundation to final finishes.
2. Industrial Installations: Turn-key projects in industrial settings include the complete setup of machinery and systems, ready for immediate use.
3. Office Fit-Outs: Turn-key office fit-out services provide fully furnished and equipped office spaces, ready for occupancy.

Related Terms

• Design-Build: A project delivery method where design and construction services are contracted by a single entity.
• EPC (Engineering, Procurement, and Construction): A form of contracting arrangement used in the construction industry.
• General Contractor: A contractor responsible for the day-to-day oversight of a construction site and management of vendors and trades.

Notes

• Benefits: Turn-key projects offer convenience, single-point accountability, and potentially faster completion times.
• Contracts: Clear contracts and specifications are crucial to ensure that the delivered project meets the client's expectations.