Saturday, 20 January 2018

Turn-key Contract

A turn-key contract is an integrated contract in which all works pertaining to various disciplines such as civil, electrical, mechanical etc. are in the hands of a single contractor called the main contractor. The main contractor can sublet the contact to subcontractors who are specialists in their respective fields. In this contract, the main advantage to the owner is that he need not coordinate the work of different contractors. The main contractor is responsible for all kinds of jobs starting from planning to commissioning stage. The owner takes over the entire work (which is fully operational and of proven performance) from the main contractor.

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