Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.
turnkey projecta 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.
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.