"Turnkey" project is actually a highly specialized export, is a way of technology trade. There are three types of enterprises that take part in turnkey business activities: manufacturers of engineering equipment, construction companies and consulting firms, with the largest number of construction Companies.
The technical inputs are generally the relevant bodies of the government, the majority of which are in developing countries. According to the requirements of the technical input, there are two ways of turn-key: one is the completion of the contract project, the successful commissioning, to meet the requirements stipulated in the contract, the technical handover can be carried out; the other is the contractor must cultivate the technical input of the management, technology, operators, And by the input personnel to meet the requirements of the contract in a separate operation before the Handover. The difference between these two approaches for the technology output side is mainly the Risk. In the previous approach, the technology output only assumed its own technical Risk.
In the latter way, the technical output side, in addition to take its own risk, but also to bear the technical input technology, management and other aspects of Risk.
