What are the merits and demerits of turnkey contract?

Answer 1

Turnkey contracts offer several merits, including a single point of responsibility for the contractor, which simplifies project management and reduces the client's risk of cost overruns and delays. They can also expedite project completion since the contractor handles all aspects of design, construction, and commissioning. However, demerits include limited client control over project details and changes, which can lead to dissatisfaction if the end product doesn't meet expectations. Additionally, potential lack of transparency in pricing may result in hidden costs or lower-quality outcomes if the contractor prioritizes profit over quality.