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English definition of “turnkey contract”

turnkey contract

noun [C]
 
 
COMMERCE, PROPERTY
a contract in which a company is given full responsibility to plan and build something that the client must be able to use as soon as it is finished without needing to do any further work on it themselves: The stadium is being built under a turnkey contract.
(Definition of turnkey contract from the Cambridge Business English Dictionary © Cambridge University Press)
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