The construction sector has been evolving over time: new ways of building houses, innovative materials and, also, new formats of contracting or selling homes. You have probably already heard of the well-known turnkey projects.
Also known as ‘turnkey projects’, they have become a very popular option for future homeowners, thanks to the facilities and advantages they offer. Whether you are an individual or a professional, today you will learn more about this type of project.
What is a turnkey project?
Before we get into the specifications and characteristics of turnkey projects or homes, we are going to give you a small definition to familiarise yourself with the term.
A turnkey project refers to a type of agreement that arises with the purpose of simplifying the construction of industrial facilities or particular spaces.
This construction agreement is established between the contracting entity and a construction company, with the responsibility of the latter taking care of most, if not all, of the development process. This extends from the initial signing of the contract to the handover phase, covering engineering planning, construction execution and administrative management.
Main features
- Fixed and pre-established price: this method guarantees that the cost of the project is agreed upon before it begins, which eliminates the possibility of unexpected expenses during its development. Don’t worry about surprises and avoid extra costs!
- Deadlines established in advance: before starting the work, the contracted company must present the client with a detailed schedule with specific phases and their respective execution deadlines. This allows the client to constantly monitor the progress of the project, while the company undertakes to rigorously comply with the established deadlines.
- Efficiency and speed: by contracting a single company to carry out the entire project, you will have all the resources necessary for its development, without the need to negotiate with multiple parties.
- Reduced worries: by relying on the “turnkey” modality, the client is freed from the administrative and bureaucratic burden. Since the company is in charge of all aspects of the work, the client does not need to deal with multiple companies for each component of the project or be aware of the scheduling and execution of each of them.
- Centralised management of the work: this centralisation facilitates the coordination of tasks, increases control over the project and minimises the likelihood of errors or misunderstandings that could delay or complicate the execution.
- Your style, your house: you have complete control over the style of the house. This means that you can.
What are the obligations of the construction company?
The responsibilities of the contractor or company in a turnkey project include:
- Management of the permits and licences required for the construction.
- Creation of the construction design.
- Execution and technical supervision of the construction.
- Incorporation of technologies and patents necessary for the realisation of the project.
- Supply of operation and maintenance manuals for the client.
- Punctual delivery of the work according to the established agreement.
What about the client or contractor?
As for the contractor, we can condense his responsibilities as follows:
- Carry out the design of the work.
- Incorporate the technological components necessary for the project.
- Obtain the permits and licences required by the authorities.
- Delivering the work on the agreed date.
If you are thinking of carrying out a turnkey construction project, at personaHOME we have the best professionals who will advise you and accompany you throughout the process. Build a new life with us!
