What is a turnkey solution?
A turnkey solution provider is a solution provider that offers limited consultation and one or more established product packages that allow only minimal configuration. In comparison, regular solution providers offer much more customized service.
What is a turnkey solution example?
An obvious example of a turnkey solution which will service the majority of businesses right out the box would be an application such as Microsoft Dynamics 365 Business Central, a solution that is designed to accommodate a wide array of everyday professional needs without any tinkering.
What does turnkey mean in technology?
fully complete and ready to operate
1) Turnkey is a product or service that is designed, supplied, built, or installed fully complete and ready to operate. The term implies that the end user just has to turn a key and start using the product or service.
What is turnkey project and example?
Definition of turnkey project a development in which a developer completes the entire project on behalf of a buyer; the developer turns over the keys to the buyer at completion. Example: Many government-owned public housing projects are turnkey projects.
What is turnkey project in software?
Turnkey Software Development produces a software product that is designed, supplied, built, or installed fully complete and ready to operate.
What are turnkey projects typically?
Turnkey (or turn-key) project is a term typically used with reference to construction projects for which the developer undertakes the whole responsibility from design to completion so that the building is available to the buyer in a ready-to-use condition.
What’s another word for turn key?
What is another word for turnkey?
What is a turnkey solution in construction?
Turnkey projects offer project owners the same control as the design-build solution but with a slight difference. With a turnkey project, the contractor supplies the project management service. They will determine schedules and budget allocation.
What are turnkey applications?
Definition & Citations: Software that is custom designed and does not require modifications to operate.
What is a turnkey business?
Key Takeaways A turnkey business is a for-profit operation that is ready to use as-is the moment it is purchased by a new owner or proprietor. The term “turnkey” is based on the concept of only needing to turn the key to unlock the doors to begin operations, or to put the key in the ignition to drive the vehicle.
What is the difference between turnkey and EPC?
Differences Between EPC and Turnkey Contracts In an EPC contract, the project company will do some basic engineering before handing over the project to the contractor. But in a turnkey contract, the owner would specify certain technical aspects of the project.
What are the benefits of turnkey project?
Benefits of Turnkey Manufacturing
- One Company to Contact. Nothing kills the timeline of your project like having to communicate with multiple companies — and trying to get multiple companies to communicate with each other.
- One Company Sending Invoices.
- Design and Manufacturing in Sync.
- Costs are Cut.
- Greater Quality.
How do turnkey projects work?
A turnkey project is one which is designed, developed and equipped with all facilities by a company under a contract. It is handed over to a buyer when it becomes ready to operate business. Obviously, the company responsible for building a turnkey project does it for the cost as agreed in the contract.
Is turnkey business a good idea?
It’s a model proven to be effective A turnkey business is a proven model that you, as a business person, can leverage to your advantage. Turnkey businesses offer a setup that eliminates the guesswork common with new entrepreneurs who are unsure of which strategy to use to maximize profit.