What Does Turnkey Mean in Construction?

February 22, 2024

When you build a home, there are many costs involved. You need to pay for the materials and labor that go into building your house, as well as various other fees related to planning, permits, and inspections. If you are looking for a way to minimize the amount of work that goes into developing and building your home, then turnkey construction is a great option. Turnkey construction eliminates the need for you to hire multiple contractors and project managers, as it is the responsibility of the contractor or company to handle all aspects of your build. In addition, this type of construction offers several other benefits, such as reduced risk and increased efficiencies.

The term “turnkey” comes from the fact that when you receive a product, you can immediately use it. The same concept applies to turnkey businesses, which are businesses that are ready to be used when they are delivered by the contractor. Typically, these businesses are built by private contractors for a fee or rate.

While turnkey construction can be an excellent option for your next project, it is important to consider how much control you want as the project owner. If controlling contractors, budgets, and schedules is important to you, then design-build may be a better fit for your needs. Regardless of which method you choose, working with a knowledgeable construction company can help ensure that your project is completed on time and within budget. Be sure to check out the construction companies in your area, and attend open houses to see what they have to offer.

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