turnkey construction contract

turnkey construction contract
A type of construction contract under which the construction firm is obligated to complete a project according to prespecified criteria for a price that is fixed at the time the contract is signed. Bloomberg Financial Dictionary

Financial and business terms. 2012.

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  • Turnkey construction contract — A type of construction contract under which the construction firm is obligated to complete a project according to prespecified criteria for a price that is fixed at the time the contract is signed. The New York Times Financial Glossary …   Financial and business terms

  • turnkey — index warden Burton s Legal Thesaurus. William C. Burton. 2006 turnkey …   Law dictionary

  • turnkey contract — In information technology, a contract under which, when a computer system is delivered to the user, the user only has to turn a key to have a fully operable computer system. In construction and engineering, a contract under which, when a project… …   Law dictionary

  • Turnkey — A turnkey or a turnkey project is a project in which separate entities are responsible for setting up a plant or equipment (e.g. trains/infrastructure) and for putting it into operation. It can include contractual actions at least through the… …   Wikipedia

  • completion — In the context of project financing, occurs after a Completion Test, when the project s cash flows become the primary method of repayment. Prior to completion, the primary source of repayment is usually from the sponsors or from the turnkey… …   Financial and business terms

  • Строительный контракт "под ключ" — строительный контракт, в соответствии с которым строительная фирма обязуется выполнить строительный заказ полностью (включая ввод в эксплуатацию), согласно заранее оговоренным критериям и за указанные в контракте фиксированные цену и время. По… …   Финансовый словарь

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