What is a turnkey project?

Turnkey projects are contracts where a company or contractor is hired to design, construct, and fully equip a facility, so that it is ready for immediate use by the client once completed. The client can simply 'turn the key' to begin operations, as the contractor handles every aspect from start to finish. This approach is common in industries such as construction, manufacturing, and IT, where clients want a hassle-free solution. Turnkey projects offer a single point of responsibility and can reduce the risks and complexities for clients.