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Open the document in the editing mode and utilize the user-friendly toolbar to apply the adjustments needed.
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How to turn on contract

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Is it turnkey or turn key?

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.

What is an example of a turnkey contract?

An agreement under which a builder agrees to complete a facility so that it is ready for use when delivered to the other contracting party. A contractor may agree, for example, to build a fully equipped ad operational factory under the turkey contract.

What is meant by turnkey contract?

Meaning of turnkey contract in English a contract in which a company is given full responsibility to plan and build something that the client must be able to use as soon as it is finished without needing to do any further work on it themselves: The stadium is being built under a turnkey contract.

What is turnkey project in simple words?

A turnkey project is a delivery method in which a single entitya contractorworks with a project owner under a single contract to complete all stages of a project from detail engineering through construction.

What is a real life example of turnkey projects?

Instances of turnkey projects For example, the forthcoming Jewar Airport project is a turnkey project. Zurich Airport International, a Swiss firm, is working on it. The airport will be given over to the local government to operate after it has been completely constructed.

What is turnkey projects with examples?

A turnkey project is a delivery method in which a single entitya contractorworks with a project owner under a single contract to complete all stages of a project from detail engineering through construction.

Is turnkey one word?

As a noun, turnkey is one word and means the person who is in charge of the keys of a prison. In this form the word has been in existence since the mid-1600s. The plural is turnkeys. Turnkey can also be an adjective describing an object as completely finished and able to be used.

What is the use of turnkey contract?

Turnkey contract is typically a construction contract under which a contractor is employed to plan, design and build a project or an infrastructure and do any other necessary development to make it functional or ready to use at an agreed price and by a fixed date.

What are the major traits of turnkey contract?

The main clauses of a turnkey contract are: design of the project, the construction site, time for completion, price and payments, performance guarantees and the law governing the contract.

What is another name for turnkey contract?

This type of contracts is also known as EPC Contracts (Engineering, Procurement and Construction). Turnkey contracts include at least three components: The design of the facility by the contractor.

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