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What is a turn key product?
1) Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end user just has to turn a key and start using the product or service.
What is turn key work?
: a job or contract in which the contractor agrees to complete the work of building and installation to the point of readiness for operation or occupancy.
What is meant by turn key project?
In business terms, a turnkey project is one that is developed or sub-contracted to a team of experts. These experts then develop an end-to-end solution, allowing the organisation and the project team to literally just turn a key to activate it.
What is a turn key situation?
Definition of Turn-Key Turn-key is a term used by real estate agents to indicate that a home is move-in ready. This means that all appliances are in working condition and there are no obvious structural or electrical issues with the home.
What is turnkey Semiconductor?
Turnkey Manufacuring – What it is The term implies that the end user just has to turn a key and start using the product or service. In the highly globalized and competitive market of manufacturing, there is a constant need to improve performance and provide on-time delivery so that the company’s development is ensured.
What is turn key manufacturing?
Turnkey manufacturing is a process where one company oversees all aspects of a project’s production from beginning to end. There are many benefits of turnkey manufacturing for both the customer and the supplier, including streamlined communications and cost-savings.
What is turnkey project example?
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.
Why is it called turnkey?
The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer.
What are Turn Key Homes?
A turnkey property is a move-in ready home that doesn’t require any major repairs or improvements before it is livable.
What is turn key in manufacturing?
What is turn key machine?
A turnkey computer system is a complete computer including hardware, operating system and application(s) designed and sold to satisfy specific business requirements. …
What does turnkey finish mean?
Put simply, a turnkey house is a finished home that’s ready for you to move into. To achieve this, you’ll work with an integrated team of design and build experts to develop the concept of what you wish to build, deciding precisely how you’d love to live.
What is a turnkey solution?
turnkey solution. A type of solution that is easily or readily deployed into a current business, system or process by a third-party, which is able to be used immediately once installed or implemented.
What is the meaning of a turnkey project?
A Turnkey , a turnkey project , or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. Sep 3 2019
What is a turnkey operation?
turnkey operation. Is a contract where a company has complete responsibility for building, fitting and staffing for a building and on an agreed date, day and time hand it over to their customer complete. Some governments outsource their turnkey operation to an outsourcing company and collect the keys and complete with staffing as agreed.
What is a turn key in construction?
Turnkey (or turn-key) project is a term typically used with reference to construction projects for which the developer undertakes the whole responsibility from design to completion so that the building is available to the buyer in a ready-to-use condition.