turnkey contract

turnkey contract
turnkey contract turnkey contract contract1

* * *

turnkey contract UK US noun [C] COMMERCE, PROPERTY
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.

Financial and business terms. 2012.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • 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 contract — /tɜnˌki ˈkɒntrækt/ (say tern.kee kontrakt) noun a contract in which the contractor undertakes to complete an installation or building to the point of readiness for operation or occupancy …  

  • turnkey contract — / tɜ:nki: ˌkɒntrækt/ noun an agreement by which a contractor undertakes to design, construct and manage something and only hand it over to the client when it is in a state where it is ready for immediate use …   Marketing dictionary in english

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

  • contract — a legally binding agreement between two or more parties. Glossary of Business Terms A legally enforceable agreement between two or more parties for performing, or refraining from performing, some specified act; e.g., delivering 5,000 bushels of… …   Financial and business terms

  • Contract — A term of reference describing a unit of trading for a financial or commodity future. Also, the actual bilateral agreement between the buyer and seller of a transaction as defined by an exchange. The New York Times Financial Glossary * * * ▪ I.… …   Financial and business terms

  • turnkey — I. noun (plural turnkeys) Date: 1647 one who has charge of a prison s keys II. adjective Date: 1927 built, supplied, or installed complete and ready to operate < a turnkey nuclear plant > < a turnkey computer system >; also of or relating to a tu …   New Collegiate Dictionary

  • turnkey — A person, under the superintendence of a jailer, who has the charge of the keys of the prison, for the purpose of opening and fastening the doors @ turn key contract @ turnkey contract Project in which all owner need do is turn the key in the… …   Black's law dictionary

  • turnkey — /terrn kee /, n., pl. turnkeys., adj. n. 1. a person who has charge of the keys of a prison; jailer. adj. 2. Also, turn key. of, pertaining to, or resulting from an arrangement under which a private contractor designs and constructs a project,… …   Universalium

  • 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

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”