TURNKEY PROJECTS
According to the Oxford Dictionary, the adjective ‘turnkey’ refers to something that is ‘complete and ready to use right away.’ The notion of a turnkey project stays the same when applied to project development. A turnkey project is one that is conceived, constructed, and equipped with all necessary facilities under the terms of a contract by a corporation. When it is ready to start doing business, it is sold to a buyer. Obviously, the firm in charge of constructing a turnkey project does so for the agreed-upon price. The company’s turnkey project work includes design, manufacturing, installation, aftermarket support, and technical service.