turnkey project

n (Civil Engineering) engineering a complete project usually including many major units of plant completed under one overall contract, such as a chemical works or power station complex [C20: from use of turnkey in the construction industry to describe the day a job will be completed and the owner able to turn the key in the door]

turnkey project

Turnkey Business

A new company with a business model that has already been set. Most franchises operate in this way. For example, if one wishes to open a McDonald's franchise, everything from the products to the uniforms has already been determined. One merely needs to put up the appropriate capital and start the business.

turnkey project

a one-off major construction project such as the building of a dam, power station etc. in another country where usually a contracted foreign firm (operating either alone or as the leader of a consortium of firms) is responsible for the design and construction of the facility. See BUILD, OPERATE, TRANSFER PROJECT.

turnkey project

Construction and furnishing of an improvement to the customized requirements and specifications of a buyer to the degree that the new owner need only turn the key in the lock and start business.The concept may include hiring and training all necessary staff positions,letting contracts for routine maintenance needs, and/or leasing a property up to stabilized occupancy. Contrast with built to suit.

单词	turnkey project
释义	turnkey project turnkey project n (Civil Engineering) engineering a complete project usually including many major units of plant completed under one overall contract, such as a chemical works or power station complex [C20: from use of turnkey in the construction industry to describe the day a job will be completed and the owner able to turn the key in the door] EncyclopediaSeeturnkeyLegalSeeTurnkey turnkey project Turnkey Business A new company with a business model that has already been set. Most franchises operate in this way. For example, if one wishes to open a McDonald's franchise, everything from the products to the uniforms has already been determined. One merely needs to put up the appropriate capital and start the business. turnkey project a one-off major construction project such as the building of a dam, power station etc. in another country where usually a contracted foreign firm (operating either alone or as the leader of a consortium of firms) is responsible for the design and construction of the facility. See BUILD, OPERATE, TRANSFER PROJECT. turnkey project Construction and furnishing of an improvement to the customized requirements and specifications of a buyer to the degree that the new owner need only turn the key in the lock and start business.The concept may include hiring and training all necessary staff positions,letting contracts for routine maintenance needs, and/or leasing a property up to stabilized occupancy. Contrast with built to suit.
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