What is the meaning of turnkey solutions?
A turnkey solution is a type of system built end-to-end for a customer that can be easily implemented into a current business process.
What does turnkey mean in marketing?
A turnkey business often already has a proven, successful business model and merely requires investment capital and labor. The term refers to a corporate buyer just having to “turn” a “key” to commence business activity.
What is a turnkey solution provider?
A turnkey solution provider is a solution provider that offers limited consultation and one or more established product packages that allow only minimal configuration. In comparison, regular solution providers offer much more customized service.
What is an example of a turnkey project?
Example: Many government-owned public housing projects are turnkey projects. A private developer undertakes all activities necessary to producing the project, including land purchases, permits, plans, and construction, and sells the project to the housing authority.
What is a turnkey product?
Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services.
What is a turn key model?
Turnkey. Turnkey is a traditional public sector procurement model for infrastructure facilities. Generally, a private contractor is selected through a bidding process. The private contractor designs and builds a facility for a fixed fee, rate or total cost, which is one of the key criteria in selecting the winning bid.
What is the meaning of turnkey basis?
a contract in which a company is given full responsibility to plan and build something that the client must be able to use as soon as it is finished without needing to do any further work on it themselves: The stadium is being built under a turnkey contract.
What is turn key production?
Turnkey manufacturing is a process where one company oversees all aspects of a project’s production from beginning to end.
What does turnkey mean in manufacturing?
What is turnkey in supply chain?
Turnkey manufacturing is a full-service manufacturing process where the contractor provides all manufacturing and supply chain services, including design, fabrication, installation, aftermarket support, and technical service.