A Turnkey project refers to a project in which the supplier or the provider is responsible to the client for the entire result of the concerned project and it is presented to the client completely accomplished and ready to use. A general contractor is the supplier of a turnkey project.
In the case of a turnkey project, the supplier takes on the complete responsibility for the adherence to factors like delivery dates, the scope and the cost of the entire subject of delivery to the customer. Thus, the customers are in no way affected by any sort of risks regarding the project. Turnkey project execution in India is certainly most-dealt-with aspect in an industry. Like any other key project or industrial factor, this also has its own advantages and disadvantages.
Advantages
It allows a country to share technological factors. Energy Plus is one of such companies that deal with numerous turnkey projects and has succeeded in providing the best service.
Turnkey projects actually reduce the burden of managing or supervising industrial projects. Our team at Energy Plus has so far carried on innumerable contracts with élan. Being a reliable industrial utility service provider, we have never compromised with our services.
The reduced project timelines is certainly a very prominent advantage. Designing and executing are completely into the hands of the contractor. This helps in producing a better quality of work.
Turnkey projects deliver the cost savings to the customers because customers are responsible for the huge amount agreed upon during contract negotiations.