A turnkey or a turnkey project is a project that is sold to the buyer after it is complete. Such projects are ready to use and the buyer can have full control over the functionality of the project the moment it is complete. The term turnkey basically refers to a home that is newly built and ready for use immediately by the customer. The turnkey project is a contract based project under which a company agrees to completely design, construct and fully equip the business or home and sell the project to the buyer fully functional.
Such contracts and projects provide their customers with ready to use, fully developed and tested businesses or homes. This is the factor that is highly appreciated by the customer that when he purchases the project it is fully functional and there is no need for any sort of struggle in the part of the customer. Since these projects are thorough and complete they require tie and resources that a company sometimes cannot afford. Therefore usually companies hire an outside contractor or partner to distribute the work load in order to maintain the integrity of the business and to continue with the normal work while running the project side by side. Turnkey projects require contractors and subcontractors for various different things to ensure functionality of overall projects. Therefore usually one main consultant or supervisor is assigned to maintain and keep an eye on the workings and proceedings of the sub contractors.
The turnkey projects are usually successful at a fast rate as the return on such projects is rapid and there are minimum delays in these projects. Once completed, these projects can be sold as ready to use projects to customers at high profits. The advantages of such projects is two fold; one that these projects are good for business and two that customers can get their hands on established, ready to use businesses. An example of the turnkey project is the turnkey home project. In this type of project companies build homes from framing the structure to finishing the interior. Some of the projects go as far as furnishing and providing equipments down to the cabinets and carpets. These types of projects are beneficial for the company as they reap profits and also good for customers who get furnished ready to move in houses.
There are numerous different companies that can run such projects often. These companies guarantee great facilities. Often turnkey projects such as turnkey homes have numerous different add on facilities like a community with services such as gym, market and other utilities. A company that has a good reputation and a name in the market is the best one to opt for and the ideal one to invest in.