What is turnkey system?

n. A computer system, including hardware and software, that is delivered ready to complete a specific function without further programming.

What is turnkey project example?

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.

What are the advantages of turnkey project?

Designing and executing are completely into the hands of the contractor. This helps in producing a better quality of work. Turnkey projects deliver the cost savings to the customers because customers are responsible for the huge amount agreed upon during contract negotiations.

What are turn-key properties?

A turnkey property is a fully renovated home or apartment building that an investor can purchase and immediately rent out. A turnkey home is often a property purchased from a company that specializes in the restoration of older properties.

What are turn key properties?

What is the disadvantage of turnkey?

The first disadvantage of the turnkey project is that in case if the project exceeds the budget, the Construction Company has to cover the overages. However, this lessens the burden from the buyer’s shoulders and encourages construction companies to stick to a plan and a schedule.

What turnkey project means?

A turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. ‘Turnkey’ is treated as merely signifying the design responsibility as the contractor’s.

What is turn key solution?

A turnkey solution is a type of system built end-to-end for a customer that can be easily implemented into a current business process. In a turnkey solution, a corporate buyer just has to “turn” a “key” to commence a business activity in the newly built structure.

What is a turn key home?

Turnkey home. Your relaxed building process – everything from one partner. All HUF customers who want to build a turnkey home have one thing in common: The desire to move into their new home relaxed and without time pressure, while still having the most individual demands and wishes for their future home. House …

What are advantages of turnkey?

With the inherent price certainty that comes with turnkey projects, there is a reduced risk of cost overruns. Turnkey approaches to capital projects, small or large, provide an all-inclusive, cohesive option for project execution.

What is the advantage of turnkey project?

What’s another word for turn-key?

In this page you can discover 13 synonyms, antonyms, idiomatic expressions, and related words for turnkey, like: turn-key, end-to-end, jailer, pre-integrated, prison-guard, warden, warder, gaoler, multi-utility, bespoke and free.