A turnkey project solution is that kind of a solution that can be effortlessly deployed into a present system, business or a process by a third-party member. This solution can be used after it gets implemented and installed, the same as that of a billing system or a training program. A turnkey project solution eliminates the burden and headaches of setting up your own solution. So simply a turnkey project solution is a contract under which a resistant accepts to construct and design a business or a service facility for turning it over to the buyer when it is fully ready to work.
1) Initially, the contractor pulls a tender for his project and searches for a candidate who is eligible to handle his requirements and the one who is best in the field.
2) After the contractor has found the right person, the project gets started and the developer works on it until it gets executed.
3) The final stage is the delivery stage where the project is delivered by the developer to the contractor after it's fully done and starts functioning.
The term turnkey project solution is used for describing something that is available for immediate usages like supplying of products or goods. Everything that a customer has to do after receiving the key is to make it operate by turning on the ignition key. For example, when a developer constructs a building on his land with his own finances for the customer to move in, it is called as the customer's turnkey project solution.