Turnkey operations

One of the market entry strategies in the international markets. It is an operating facility that is constructed under contract and transferred to the owner when the facility is ready to begin operations. Companies performing turnkey operations are frequently industrial-equipment manufacturers that supply some of their own equipments for the project. Most commonly they are construction companies. They also may be consulting firms or manufacturers that decide that an investment on their own behalf in the country is infeasible. It is also some times known as turnkey project or turnkey construction contract.