Turnkey Projects
Turnkey Project Solution
A turnkey project solution refers to a comprehensive solution provided by a third party that can be seamlessly integrated into an existing system, business, or process. Once implemented and installed—like a billing system or a training program—it is immediately ready for use.
This approach removes the complexity and responsibility of setting up the system from the client’s side, making it a hassle-free alternative. In simple terms, a turnkey solution is a contractual agreement in which the contractor designs, builds, and delivers a fully operational business or service facility to the client.
Tender Invitation
The contractor begins the process by inviting tenders to select a qualified and experienced developer for the project.
Planning
Once a suitable developer is selected, planning begins. This includes defining core objectives and setting the foundation for the project.
Layout
After planning, a layout or design draft is created and finalized, providing a clear blueprint of the project.
Budget
The project is structured to align with the predetermined budget constraints set by the contractor.
Management
Efficient allocation and management of resources are essential for timely and successful execution.
Developing
In this stage, the developer turns approved plans into a functional solution, following all specifications to meet the contractor’s expectations.
Project review
Upon completion, the contractor reviews the output and provides feedback or requests modifications if needed.
Handover
After all revisions are completed, the developer formally hands over the finished, fully functional project to the contractor.
Applications of Turnkey Project Solutions
The term “turnkey” is often used to describe solutions that are ready for immediate use—much like receiving a fully furnished property where all you need to do is "turn the key" to start living.
For instance, when a developer constructs a building on their own land using their own capital and then transfers it to a client as a finished, move-in-ready property, it is considered a turnkey project solution for the customer.
Coastal PEB Solutions
