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. Infrastructure typically refers to the technical structures that support a society such as Roads Water supply, Wastewater, Power grids It can include contractual actions at least through the system, subsystem, or equipment installation phase and may include follow-on contractual actions, such as testing, training, logistical, and operational support. System (from Latin systēma, in turn from Greek systēma is a set of interacting or interdependent Entities, real or abstract It is often given to the best bidder in a procurement process. Procurement is the acquisition of goods and/or services at the best possible Total cost of ownership, in the right quantity and quality at the right time in the right place
Turnkey projects can also be extended, known as turnkey plus, where there is perhaps a small equity interest by the supplier and it will later on continue its operation through a management contract or licensing. A management contract is an arrangement under which operational control of an enterprise is vested by contract in a separate enterprise which performs the necessary managerial The verb license or grant license means to give permission The noun license is the document demonstrating that permission
Common usage
Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. The term is common in the construction industry, for instance, in which it refers to the bundling of materials and labor by sub-contractors. A "turnkey" job by a plumber would include the parts (toilets, tub, faucets, pipes, etc. ) as well as the plumber's labor, without any contribution by the general contractors.
This is commonly used in motorsports to describe a car being sold with drivetrain (engine, transmission, etc. ) as racer may prefer to keep the pieces to use in another vehicle to preserve a combination. Similarly, this term may be used to advertise the sale of an established business, including all the equipment necessary to run it, or by a business-to-business supplier providing complete packages for business start-up
Specific usage
The term turnkey is also often used in the technology industry, most commonly to describe pre-built computer "packages" in which everything needed to perform a certain type of task (e. g. audio editing) is put together by the supplier and sold as a bundle. This often includes a computer with pre-installed software, various types of hardware, and accessories. Such packages are commonly called appliances. A Computer Appliance is generally a separate and discrete hardware component specifically designed to provide a specific compute resource and which often resides on a dedicated hardware
Note: In the United States, the precise definition of the types of allowable contractual features for government contracts are contained in the Federal Acquisition Regulations. The United States of America —commonly referred to as the The Federal Acquisition Regulation (FAR is the principal set of rules in the Federal Acquisition Regulations System
In real estate, Turn-Key is defined as delivering a location that is ready for occupation. The Turn-Key process includes all of the steps involved to open a location including the site selection, negotiations, space planning, construction coordination and complete installation.
Historically, the term once referred to jailers, as the holders of a prison's keys, as in Charles Dickens' 1840 novel, Barnaby Rudge. Year 1840 ( MDCCCXL) was a Leap year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Leap year Barnaby Rudge A Tale of the Riots of 'Eighty is an Historical novel by the author Charles Dickens.
See also
Federal Standard 1037C, entitled Telecommunications Glossary of Telecommunication Terms is a United States Federal Standard issued by the General Services Administration MIL-STD-188 is a series of US military standards relating to Telecommunications Purpose Faced with “past technical deficiencies in telecommunications A value-added reseller (VAR is a company that adds some feature(s to an existing product(s then resells it (usually to end-users as an integrated product or complete "Dictionary
turnkey
-adjective
- ready to use without further assembly or test; supplied in a state that is ready to turn on and operate (typically refers to an assembly that is outsourced for manufacture)
-noun
-verb
- to supply a turnkey product; to supply something fully assembled and ready to use
Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic