Turn-key is substantially a fixed price contract. Turn-key basis means that the construction company is officially compelled to conduct the whole operation from design to sell out. The profit sum is also included in that fixed price. It means the owner or client hand the project to these experts for construction time span and ‘turn the key’ for the finished product.
If you have the expertise and the knowledge to commence a particular project, then a turn-key contract can be more profitable. It is a common understanding that most commercial-office,office interiors and retail outlets -projects are a result of Turnkey projects
For the best and right contractors with a strong and efficient team, a Turn-key contract can be a win-win for both the contracting company and the client. There is a brief description of the turn-key basis construction