In today's complex business environment, construction and engineering contracts are often administered as turnkey projects. Turnkey project management assigns the responsibilities and risks inherent in any large project to a contractor or project manager, who oversees the project from its inception to completion, or the stage at which you simply "turn the key".
COMMON ASPECTS OF A TURNKEY PROJECT
Because turnkey projects are overseen by one manager from start to finish, they offer advantageous integration of disparate parts of the construction industry. Aspects commonly united within a turnkey project include:
Designs and plans
Legal contracts and obtaining permissions from governing bodies
Ensuring compliance with local by-laws, trade union and industry standards
Subcontracting trades professionals such as electricians, framers, plumbers, concreters and others.
Occasionally, even finishing services such as interior designers and contractors engaged to provide furnishings are included in the scope of a turnkey project.
TURNKEY PROJECT MANAGEMENT TYPES
Turnkey project management is applied across a diverse range of project types, including:
Houses and housing estates
Business premises and shopfronts
Churches, mosques and other religious headquarters
Laboratories and chemical production facilities.
TURNKEY ENGINEERING SOLUTIONS
Engineering projects are particularly suited to turnkey project management as the specialist knowledge of engineering contractors offers a high level of professionalism in a complex sphere. For this reason turnkey engineering solutions are widespread, as are turnkey projects in many other specialised industries.
The most common forms of turnkey engineering projects are based in:
Oil and gas plants
Railways, tramways and busways
Bridges, highways, tollways and other roads
Airports and aviation hangars.
TURNKEY AND GOVERNMENT
Turnkey solutions commonly appeal to government, as a comprehensive approach to project management minimises the investment of time needed to plan and manage the development of public buildings and facilities. As such, a local, state or federal government body faced with the task of creating a community facility will often define the scope and budget of a project, then turn to a turnkey contractor to design, administer and deliver the final project. Government turnkey contracts will sometimes even require fine details such as the procurement and installation of computer hardware to complete a project.
ADVANTAGES OF A TURNKEY APPROACH
Such an overarching approach offers benefits in terms of meeting deadlines, and can lead to significant savings thanks to the networks and procurement powers of turnkey project managers, who are well connected within their industries.
For any large and complex project a turnkey solution will deliver the final result simply and effectively, without the usual detours along the way.