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What are the advantages and disadvantages of a turnkey contract?
Wiki User
∙ 11y ago
A turnkey contract is one in which an independent agent agrees to furnish materials and labor to finish a project and then turn it over to the owner for a fixed price.
Advantages for the business owner:
No outlay of cash until the project is done.
Advantages for the one making the project:
Gets a lump sum payment when the project is turned over to the owner.
Disadvantages for the owner:
Trusting someone else to deliver a quality project.
Disadvantages for the maker of the project:
Outlay of cash for materials at the start.
Wiki User
∙ 11y ago
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