The turnkey project approach offers a collaborative path for project owners and contractors.
What is Turnkey Project?
Turnkey project approach offers a collaborative path for project owners and contractors. The contractor takes full responsibility for all project stages, from meticulous engineering design to final construction, streamlining the process for the owner. This contrasts with the traditional design-bid-build (DBB) method, where various responsibilities fall upon the owner.
Turnkey project provide a unified solution by integrating aspects like design, financing, procurement, subcontracting, and construction under one umbrella. This establishes a single point of accountability, which enhances efficiency and simplifies project management for the owner.
The Advantages of Turnkey Project
Turnkey projects, also spelled turn-key, provide significant benefits for developers and owners alike: