Turnkey Project Sample Clauses
A Turnkey Project clause defines an arrangement where a contractor is responsible for delivering a fully completed and operational facility or system to the client. Under this clause, the contractor manages all aspects of design, procurement, construction, and commissioning, handing over the project only when it is ready for immediate use. This approach streamlines project delivery for the client, as they receive a finished product without needing to coordinate multiple vendors or phases, thereby reducing management complexity and ensuring accountability for the project's overall performance.
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Turnkey Project. The Parties agree that this Agreement is a turnkey contract and Supplier’s obligation is to provide System Owner with a fully operational System meeting the Specifications (as defined below) for the Contract Price and completed in accordance with the terms of this Agreement. System Owner is relying upon the expertise of Supplier to furnish a completed System in accordance with the terms of this Agreement, and Supplier acknowledges System Owner’s reliance thereupon.
Turnkey Project. Contractor acknowledges that this Contract constitutes a fixed price obligation to engineer, design, procure, construct, test and start up through Final Completion a turnkey project as defined in Section 4.1 of this Contract.
Turnkey Project. Contractor acknowledges that this Contract constitutes a fixed price obligation to engineer, design in accordance with the requirements of this Contract, procure, construct, test and commission through Substantial Completion a turnkey Power Plant, complete in every detail, within the time and for the purpose designated herein. References to the obligations of Contractor under this Contract as being “turnkey” and performing the Work on a “turnkey basis” means that Contractor is obligated to supply all of the Equipment and Materials, labor and design services and to supply and perform all of the Work, in each case as may reasonably be required, necessary, incidental, or appropriate (whether or not specifically set forth in this Contract) to complete the Work such that the Power Plant satisfies the applicable terms, conditions, Performance Guarantees and other guarantees and requirements set forth in this Contract and Exhibit “I”, all for the Contract Price.