Turnkey projects

How does the Oxford Dictionary define the term 'turnkey'?

• Awaiting approval

• Partially finished

• In the process of development

• Complete and ready for immediate use

What type of contract is a turnkey contract?

• An agreement between a government and a private company

• An agreement between two construction companies

• An agreement between a builder and a business

• An agreement between an architect and a client

Where did the term 'turnkey' originate from?

• U.S. oil and gas industries

• Fashion industries of France

• Technology industries of Japan

• Automobile industries of Germany

What companies are involved in turnkey project activities?

• Manufacturers of engineering equipment, construction companies, and consulting firms

• Food manufacturers, technology companies, and marketing firms

• Automobile manufacturers, entertainment companies, and tourism firms

• Clothing manufacturers, transportation companies, and education firms

What element is essential in a turnkey contract related to design?

• Design

• Technology

• Supplies and construction

• Payment

What aspect should be included in a turnkey contract regarding the construction site?

• Performance guarantees

• Payment terms

• Product design

• Location, access, resources available at the agreed-upon site, etc.

What clause must be present in a turnkey contract regarding the duration for project completion?

• Duration for completion

• Project design

• Payment terms

• Construction location

What is expected of the owner in a turnkey contract once the project is fully equipped and operational?

• Look for other contractors

• Perform the design

• Continue with the construction

• Pay a fixed price

What type of companies benefit from turnkey contracts?

• Food and beverage companies

• Companies that manufacture engineering equipment, build buildings, and provide consulting services

• Technology and software companies

• Fashion and design companies

What type of performance guarantees should be included in a turnkey contract?

• Guarantees of promise fulfillment

• Payment guarantees

• Delivery guarantees

• Design guarantees