Turn-Key
Turn-key projects provide complete, ready-to-use solutions, with contractors handling all aspects of materials and labor, commonly used in home construction, industrial installations, and office fit-outs.
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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
- Home Construction: A contractor offers a turn-key home building service, handling everything from foundation to final finishes.
- Industrial Installations: Turn-key projects in industrial settings include the complete setup of machinery and systems, ready for immediate use.
- 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.
Related Terms
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