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What is Turnkey Projects and Its Advantages

What is Turnkey Projects?

A Turnkey project is a collaboration between two companies on the supply, construction, and commissioning of a plant. It involves the building of a complete and ready-to-use facility by one Company.

An Industrial equipment manufacturer and construction company may undertake a Turnkey Operation for a Government Agency.


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Advantages of Turnkey Projects

Turnkey Projects provide an excellent way to invest in technically technologically complex projects and earn great economic returns.

Turnkey Projects are advantageous in countries where a Long term investment might expose the firm to unrespectable Political or economical risks to the company.

Disadvantages of Turnkey Projects

Normally, a company entering into a Turnkey deal will not have a Long-Term interest in the foreign company.

If a company enters into a Turnkey project, it may create a competitor.

A Turnkey Projects that sells a Firm’s process technology is also selling competitive advantages to its potential and/or actual competitors.


SOURCE: https://corporateturnkeyprojectservices.wordpress.com/2022/07/09/what-is-turnkey-projects-and-its-advantages/


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