Constructing a building under the conditions of a turnkey project offers some benefits in terms of time, resources and investment. These types of projects are the best option for those who want to simplify the realization of a work.
To guarantee this, the construction company in charge of the project must deliver a complete and fully functional work, ready to be inhabited (in the case of a home) or to start operations (in the case of an industrial engineering building) in a manner immediate. When a turnkey project is contracted, the construction company makes a commitment regarding the design, execution and evaluation of its work.
Here are 5 advantages of a turnkey project:
- - A single price
The type of contract for a turnkey project allows a unique economic proposal to be known from the first moment, that is, at the beginning of the project. This will avoid extra expenses within the execution time of the work.
- Defined delivery time
At the beginning of the project, a protocol of actions is proposed, which are defined in a calendar that allows having the specific times of each phase of work. The definition of these phases of execution of the work and the delivery time must be extremely clear and previously defined by both parties, thus ensuring the responsibility that the construction company faces in terms of the development of the turnkey project.
- - A single interlocutor
To carry out the work, only the construction company contracted to carry out the turnkey project is contacted. This is an advantage because the construction company provides the complete service, design and execution of the project and it is not necessary to worry about contacting suppliers or third-party companies that handle other times and other projections.
- - Control of the turnkey project
The construction company is responsible for the design and the work, which eliminates the usual conflict that arises with the traditional contracting method, according to which "design errors" must be corrected during the work, delaying them and making them more expensive. This is the main reason for cost overruns and delays in infrastructure works. The principal must be concerned with supervising a single contractor.
- - Without economic deviations
The construction company usually charges a higher margin on the price in order to absorb any deviations that may occur. It is suggested to resort to carrying out a turnkey project in works in which the promoter cannot assume any deviation in the budget due to having a related operation (for example, a lease of the property that is the object of the work) or a closed budget allocation for said work.
Works adapted to all construction projects