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turnkey project

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
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

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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FATA Aluminum has a wide range of casting machines, the capability of managing small and large turnkey projects, a proven know how in foundry technologies.
8 million [pounds sterling] turnkey project that included interfacing with the customer's existing control system and an extension to their current CIP system.
Siemens as consortium leader built the combined cycle plant as a turnkey project together with partners Fisia Italimpianti and Babcock Borsig Services.
 
 
 
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