| turnkey contract | договор генерального подряда на строительство <под ключ> (A turnkey contract is a business agreement between the client and a general contractor, where the general contractor (now turnkey contractor) is responsible for the design, engineering, construction and management of the project. The construction industry refers to the turnkey contractor as a 'single point of responsibility', a phrase that reflects the turnkey contractor's role and contractual obligations. Note: The client can award the turnkey contract to either an architect or a general contractor, however this dissertation continues on the premise that a general contractor is awarded the turnkey contract Alexander Demidov) |
