Surely you have heard many times about this type of contract for some construction, but do you really know what a turnkey project is? In this new blog post we will talk about what it is and its advantages.
A turnkey project, or also known in English as a 'turnkey project', in construction is that contract that is agreed with a construction company or contractor so that they are responsible for carrying out all or the vast majority of the process of a work. In other words, from the signing of the agreement to the delivery, the construction company is in charge of everything. Including administrative procedures.
The contractor, in this case, can be either a person or a company and is the one who, in principle (we explain it below), requests all the necessary licenses and defines and executes the work project in its entirety.
The turnkey project or contract can be applied to any type of work, both total construction and reform. In addition, it is also suitable for all types of projects, such as industrial or commercial buildings, housing, infrastructure, etc.
Obligations of the contracting party and the contractor or builder
Although the construction company is usually in charge of the entire process, there are hybrid modalities of turnkey projects. In other words, the contract does not include the entire work but only refers to some tasks.
As we said, in principle the contractor is in charge of everything, but there are also cases in which he does not have the capacity to carry out the entire production process and subcontracts some services to other professionals or companies. Of course, he is still responsible for the project.
Removing these exceptions, mainly the obligations of the contractor or company in a turnkey project are:
· Obtaining the necessary permits and licenses required by the work.
· Design of the work.
· Execution of the work and its supervision or technical direction.
· Implementation of all the technological elements and patents to be able to execute the project.
· Provide the contracting party with the operating and maintenance manuals for the space.
· Delivery of the work on the agreed date.
For its part, the obligations of the contracting party are:
· Allow contractor access to the work site.
· Provide the necessary documentation to obtain permits and licenses.
· Pay the contract price.
· (Optional) Collaborate in making decisions such as when choosing the design, some materials, etc.
Advantages of the turnkey project
Carrying out a turnkey contract has more advantages than disadvantages. So let's list the main benefits of turnkey.
· Single and agreed price: That is, without surprises. The price of the work is set by both parties and allows knowing the cost before starting the work. This avoids extra expenses.
· Defined delivery date: Before starting the project, the contractor will define a calendar with the date of all phases. In this way, you will know when your home, premises or warehouse will be finished.
· Speed and time: By hiring a single company for the entire project, it will have everything necessary to develop it without the need to negotiate with anyone else. Especially in the process of procedures and licenses.
· Project control: By having a single construction company, it is responsible for both the design and execution of the work. Therefore, you will avoid the typical "design errors" that only delay and make the work more expensive.
· Time and investment savings: Hiring a single company for the construction of the project implies greater time and money savings than contacting different managers for different phases. In this way you save extra costs and gain free time for your personal life.
Keys to choose the construction company for your real estate project
There are many things to consider when hiring the best architect in Jaipur You can make sure you have the right professional to help you choose the best atmosphere and mode for your needs.You'll first need to create a list of possible options.
You may be interested in hiring a company that is based in your area or neighborhood.
Architect for Turnkey Project in Jaipur It would be a good idea to check out the labor portfolios of companies.
A page should be added to their websites that showcase past work.
It would be useful if corporate had the knowledge and expertise to help you bring your ideas and favors into reality.
Interior designers should have certifications and qualifications that demonstrate their abilities and legitimacy.
As a top-rated turnkey construction company in Vapi, we use our highly skilled engineers and designers to nurture out the best possible turnkey construction in Vapi.
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