A turn key project means that when completed the buyer has to do nothing but turn the key and drive away.
Turn key projects are allowed for government contruction. It is not consdiered to be avoiding competive bidding. When a turn key project is done, the client is not affected by market rise.
Turn key is few more steps forward after the D & B i.e. furnishings, property insurence, etc. then then owner just want to come and "turn the key"
The key responsibilities of the Project Manager include: - Apply a Project Management framework to the project - To plan/monitor the project - Manage project risks - Manage change control
The key to a successful project
Turn-key contracts are characterized by a fixed price for the completed project, where the contractor assumes full responsibility for design, construction, and delivery. The client typically provides minimal input during the process, receiving a fully operational facility or system upon completion. This type of contract minimizes risks for the client, as the contractor handles all aspects of the project, including scheduling and procurement. Additionally, turn-key contracts often include defined timelines and performance specifications to ensure the project meets the client's needs upon handover.
Everything is done by General Contractor and client have to pay only payment periodically. Client is not affected by market rise. Owner put minimum efforts for his project so he has less stress.
Everything is done by General Contractor and client have to pay only payment periodically. Client is not affected by market rise. Owner put minimum efforts for his project so he has less stress.
turn key over turn key over
The key steps involved in writing a project charter include defining the project scope, objectives, stakeholders, and resources; obtaining approval from key stakeholders; and establishing a clear timeline and budget for the project.
Key stakeholders include people like the customer for whom the project is executed or the CEO of the company that is executing the project. So, a good relationship between the key stakeholders and the project manager or sponsor is extremely important for the success of any project
the key word is action.
A key aspect of project management is planning. Other aspects include organizing and motivating. Another aspect of project management is resource control.