The word is often used to describe a home built on the developer's land with the developer's financing ready for the customer to move in. Turnkey is commonly used in the construction industry, for instance, in which it refers to bundling of materials and labour by the home builder or general contractor to complete the home without owner involvement.
The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer. Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. 'Turnkey' is treated as merely signifying the design responsibility as the contractor's.Ī turnkey computer system is a complete computer including hardware, operating system and application(s) designed and sold to satisfy specific business requirements. a contract where the essential design emanates from, or is supplied by, the Contractor and not the owner, so that the legal responsibility for the design, suitability and performance of the work after completion will be made to rest … with the contractor …. This is contrasted with build to order, where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the assumption that the buyer would complete it.Ī turnkey project or contract as described by Duncan Wallace (1984) is: For other uses, see Turnkey (disambiguation).Ī turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product.
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