Under a turnkey contract the contractor is not only responsible for the design and construction of the project, but also for commissioning. The client’s role in turnkey projects is more ‘hands off, as the contractor is responsible for the engineering, procurement and construction and delivers the completed project to the client, often for a fixed lump sum agreed at the tender stage. See also Engineer, Procure, Install and Commission.
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Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.
