• It is a contract under which “Bizinfratech” agrees to fully design, construct and equip a manufacturing/ business/ service facility and turn the project over to the purchaser when it is ready for operation for a remuneration.

             Advantages:

• Price certainty: Unlike the traditional DBB approach, turnkey methods reduce financial unknowns and provide project owners the ability to accurately calculate return on investment (ROI) and there is less uncertainty regarding total project cost. With traditional methods, the construction cost is unclear until it has been designed and bid out. If a separate company lacking strong construction experience is hired to design and engineer the project, they might not be able to achieve this within the given budget. This can lead to construction bids coming in at much higher costs than was budgeted for.
• Reduced change management challenges: With the DBB technique, there is no connection between the company that engineers and designs for a project and the company that constructs it. This can result in inconsistencies with the engineering drawings and the project owner’s actual needs, leading to numerous change orders that can continue to cause price increases throughout the project. Errors and omissions are also charged as a change order, leading to increased cost. Poorly designed projects, if not caught until in construction, can lead to significant cost overruns. With turnkey approaches, this challenge is greatly reduced, as everything in the “Issued for Design” package is included in the price. 
• Reduced cost overruns: If the turnkey project is bid fixed cost, project owners are only responsible for the lump sum agreed upon during the contract negotiation. Thus, any increase in costs, such as surges in material costs, are already accounted for and are covered by the contractor. If reimbursable, cost overruns are reduced, compared to DBB methods, due to the continuity of the team from engineering to construction. It is also beneficial to have construction team members involved during the design phase because it helps to prevent project delays that could result in cost overruns. 
• Condensed project timelines: Multiple stages of a turnkey project may overlap due to the nature of having a single design and construction contractor. This allows for the procurement of materials and subcontractors to occur as designs are being finalized, resulting in a reduced timeline and reduced delays throughout the process.