What is defined as a turnkey project?

A turnkey project is characterized as a scenario where a firm sets up a complete facility or system and is responsible for its construction and all necessary configurations until it is ready for operation. Upon completion, control of this facility is handed over to the client, who can start operations immediately with minimal delay. This approach is often utilized in massive infrastructure projects, as it allows the client to avoid complexities involved in managing the project during its construction phase.

This form of project management is favored because it means that the initiating firm takes on the entire responsibility for design, construction, and testing, ensuring that everything is operational according to the client's specifications by the time they take over. This is what distinguishes it from other project types, which may require ongoing oversight or shared responsibilities between multiple parties. In contrast, options centered around continuous oversight, joint ventures, or environmental sustainability do not accurately capture the essence of a turnkey project.