What are some components of a turn-key contract?

A turn-key contract is specifically structured to simplify the process for the client by allowing them to turn over a project to the contractor with the expectation that the contractor will handle all aspects from conception through to completion. This solution is appealing because it minimizes the client's involvement in the day-to-day operations of the project. The contractor is responsible for managing every detail, including design, construction, and sometimes even the commissioning of the project, which allows the client to focus on other business priorities.

The predefined scope and terms for the project also play a vital role in turn-key contracts, as they set clear expectations and boundaries for the contractor's responsibilities. However, the defining characteristic of a turn-key contract is indeed the comprehensive management by the contractor until completion, ensuring that the project meets the agreed-upon specifications without requiring extensive client oversight during the project lifecycle.