Turnkey contracting is an arrangement in which the focal firm or a consortium of firms plans, finances, organizes, manages, and implements all phases of a project abroad and then hands it over to a foreign customer after training local workers.

Question

Quizplus · Accepted Answer

Turnkey contracting indeed involves a firm or consortium taking full responsibility for the design, construction, and commissioning of a project, handing it over to the purchaser only when it is ready for operation, often including the training of personnel.

Turnkey Contracting Is an Arrangement in Which the Focal Firm