Turnkey contract is an American term for " all in " or package contract . Under this arrangement , a contractor is commissioned to undertake the responsibilities for everthing necessary and required for the construction , completion , comissioning and hand over the project .
The word "turnkey" means that , upon completion , the client is given the key and he can then enter the project by "turning the key " . The contractor will have to do everthing from preparing project brief , getting approval , designing , financing , construction , furnishing and decorating to commissioning and handing over completed , cleaned and ready for use project .
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