Under a turnkey project,one company supplies another with managerial expertise for a specific period of time.

Question

Quizplus · Accepted Answer

Under a turnkey project, one company is responsible for delivering a complete project to another company, including design, construction, and equipment installation. The supplying company is expected to have all the necessary expertise and resources to complete the project on a lump-sum or fixed-price basis. Therefore, a turnkey project does not involve the supply of managerial expertise for a specific period of time.

Under a Turnkey Project,one Company Supplies Another with Managerial Expertise