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. 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. It is often given to the best bidder in a procurement process.

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.

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 a 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.

pecific 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.

"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.

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.

ee also

* Federal Standard 1037C
* MIL-STD-188
* Value-added reseller
* Engineering, procurement, and construction

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • turnkey — turn‧key [ˈtɜːnkiː ǁ ˈtɜːrn ] adjective [only before a noun] turnkey project S or systems are ones that have been produced in such a way that they are ready to be used immediately by a customer: • The unit provides turnkey software systems to… …   Financial and business terms

  • turnkey — index warden Burton s Legal Thesaurus. William C. Burton. 2006 turnkey …   Law dictionary

  • Turnkey — Turn key , n.; pl. {Turnkeys}. [1913 Webster] 1. A person who has charge of the keys of a prison, for opening and fastening the doors; a warder. [1913 Webster] 2. (Dentistry) An instrument with a hinged claw, used for extracting teeth with a… …   The Collaborative International Dictionary of English

  • turnkey — (adj.) 1650s, jailer, from TURN (Cf. turn) + KEY (Cf. key). In reference to a job that only has to be done once, it is recorded from 1934. The notion is of locking up afterward …   Etymology dictionary

  • turnkey — ► NOUN (pl. turnkeys) archaic ▪ a jailer …   English terms dictionary

  • turnkey — turnkey1 [tʉrn′kē΄] n. pl. turnkeys a person in charge of the keys of a prison; warder; jailer ☆ turnkey2 [tʉrn′kē΄ ] adj. [because the new owner of a housing project unit so constructed need only turn the door key to take occupancy] designating …   English World dictionary

  • turnkey — I. noun (plural turnkeys) Date: 1647 one who has charge of a prison s keys II. adjective Date: 1927 built, supplied, or installed complete and ready to operate < a turnkey nuclear plant > < a turnkey computer system >; also of or relating to a tu …   New Collegiate Dictionary

  • turnkey — 1. 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) They wanted a turnkey solution for the entire system, but we …   Wiktionary

  • turnkey — /terrn kee /, n., pl. turnkeys., adj. n. 1. a person who has charge of the keys of a prison; jailer. adj. 2. Also, turn key. of, pertaining to, or resulting from an arrangement under which a private contractor designs and constructs a project,… …   Universalium

  • turnkey — turn|key1 [ tɜrn,ki ] adjective complete and ready to be used immediately: a turnkey computer system turnkey turn|key 2 [ tɜrn,ki ] noun count someone in the past who was in charge of the keys in a prison …   Usage of the words and phrases in modern English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”