Suppose Exxon,a U.S.company,was contracted by a Saudi Arabian company to build an oil refinery in Saudi Arabia,and the contract specified that Mobil would handle every aspect of the construction of the refinery,including the training of the operating personnel.This type of project is referred to as a(n)

Question

Quizplus · Accepted Answer

A turnkey project is a type of project in which a contractor is responsible for every aspect of the project, from design to completion. In this case, Exxon would be responsible for building the oil refinery in Saudi Arabia, as well as training the operating personnel. Therefore, this project would be considered a turnkey project. None of the other answer choices adequately describe this type of project.