What is a Turnkey Project?
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What is Turnkey?
Turnkey is a building solution that drastically simplifies things for the owner of the project. With this type of project, the team is given the responsibility from designing to construction of the Building or facility. The owner must only wait for the team to get the job done, and then when the project is finished, the client is able to “turn the key” and start using the new building or facility.
For example, when you buy a home and give it to a single person to design and construct.
The team is responsible for all aspects of the project, from the initial design phase to the final handover. This includes the selection of equipment and materials, construction and installation, testing and commissioning, and training of the client’s personnel. The team takes full responsibility for the project’s success and must ensure that it meets all specifications and requirements outlined in the contract.
What are the three primary components?
- Design: The team is responsible for preparing the design of the building or facility, which eliminates the need for the future owner to hire architects and designers independently.
- Supply Procurement: Instead of the project owner or main team locating and purchasing supplies, the team handles this through its own network of suppliers. Depending on the type of turnkey contract, the future owner may be able to specify suppliers and materials.
- Construction: The team handles every aspect of construction, from start to finish. This way, the owner doesn’t need to spend time searching for subcontractors and hiring them, nor do they have to take part in the construction itself until it is completed. Once the building construction is done, the keys are handed over to the new owner and he can start using the building.
Advantages and disadvantages
When deciding if a turnkey project delivery method makes sense, you’ll need to consider several factors. Some of these include cost, timeline, risk, and quality. We have listed below the advantages and disadvantages to help conceptualize which factors to consider.
Advantages:
- Price certainty
- Reduced change management challenges
- Reduced cost overruns
- Condensed project timelines
- Reduced management efforts
Disadvantages:
- Requires firm scope definition
- Dependent on trust
- Limited client involvement
- Design cost contingency
Conclusion
Overall, turnkey projects offer clients a comprehensive and efficient solution, providing convenience, expertise, and accountability from the team. By leveraging the skills and experience of the team, clients can achieve their project objectives with reduced risks and increased efficiency.
Learn how we at ‘Prayogshala Manifesto‘ manage turnkey projects –
Collect full set of guidelines to design your home – for free
We put our efforts to combine the interior design and construction process under one umbrella. You will get the design and build service that takes care of all your requirements. Right from the concept planning to the layout, we bring everything to one destination.
What’s our strategy?
Prayogshala manifesto uses these strategies in the following sequence for successful project execution:
- Clear Project Definition
- Comprehensive Planning
- Effective Communication
- Project Tracking and Monitoring
- Quality Assurance
- Continuous Improvement
Explanation
As we have the entire project responsibility, therefore the client faces lesser liabilities. Especially with Prayogshala manifesto, you can shred away the worries about dealing with multiple vendors. We listen better and then start with our planning to build better. Our vision exemplifies the transformation with comprehensive interiors. Whether you build your space or choose renovation, you can count on us.
Collect full set of guidelines to design your home – for free
Need help?
We have simplified the understanding of turn-key projects which can be used for simpler jobs.
See how Prayogshala Manifesto can help you with turnkey projects in designing complex spaces with many elements like residential apartments, restaurants, commercial offices, landscapes, and other complex interior spaces.
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