Turnkey Basis definition
Examples of Turnkey Basis in a sentence
If during such operations the mud weight requirement, in Contractor's sole opinion, exceeds that anticipated, work shall immediately convert from a Turnkey Basis to a Daywork Basis.
PA will construct the first Unit Increment at the site approved in Section 5.1.2 on a Turnkey Basis.
Construction of the Unit or any portion thereof, (beyond Phase I provided on the Turnkey Basis) shall not be deemed complete hereunder until PA inspects and “Certifies” the Unit or any portion thereof.
For work performed on a Turnkey Basis, as herein provided, Owner will pay Operator the sum of $275,000.00 per well, prior to and as a condition precedent to Operator’s commencing drilling operations.
Landlord shall prepare the Leased Premises for Tenant on a Turnkey Basis.