While it is conceivable to express prices in a turnkey contract in the form of unit prices or by cost reimbursement, such arrangements seem to be rare. The price for turnkey projects normally is a lump sum. Project owners may involve contractor to execute projects. Ranging from modern, clean, stylish, beautiful, and most importantly, free Powerpoint templates for all types of business. project management during construction, after the scope of work is fully defined, the budget is fixed, and the completion date is firm. TURNKEY PROJECT KELLY BUITRAGO ZAIRA NIETO PADILLA UNIVERSIDAD DE IBAGUE INTERNATIONAL BUSINESS I 2. Turnkey project. Download 25 free professional PPT templates for projects. Read more . A turnkey project refers to a project in whichclients pay contractors to design and constructnew facilities and train personnel.Example: Industrial companies that specialize incomplex production technologies normally useturnkey projects as an entry strategy. The capability of the owner and contractor company needs to be considered in deciding on the contract strategy. We have been allotted seven weeks to work on this project, and during this period we are going to review their project, while trying to develop qualitative and quantitative methods to assess and control the project risk. It is then too late to make any significant adjustments to the project to improve quality, cost, or schedule to bene- fit the owner. All of them include image slides, charts, graphs, text blocks, maps, quotes, and other things to … In projects "turnkey… Quality risk, cost risk, security risk, etc all belong to the construction risk. What is Turnkey project The term turn-key project (Turn-key delivery) describes a projec t(or the delivery of such) in which the supplier or provider is responsible to the client for the entire result of the project and presents it to the client completely finished and ready to use. 3. Engineering procurement and construction contract - Designing Buildings Wiki - Share your construction industry knowledge. Nevertheless it is not infrequent the turnkey lump-sum contract contain a list of unit prices or prices for certain parts or components of the works. project implementation risk includes engineering, procurement, and construction risk.