Turnkey

A 'turnkey' system or project is one that is fully operational and ready for immediate use upon completion, requiring minimal additional setup or configuration by the purchaser or end-user. This implies that everything needed, from hardware and software to services and training, is included and integrated, making the transition to utilization seamless. The term often applies to real estate developments, IT solutions, and manufacturing plants, emphasizing a ready-to-go, all-inclusive approach, ensuring a simplified implementation process and minimizing the purchaser's involvement in the creation or integration process. Essentially, the customer is given a 'key' to an already-working solution.

Turnkey meaning with examples

• The new factory was sold as a turnkey operation, including all machinery, staff training, and initial raw material supplies. The buyer could immediately start production, streamlining the process and minimizing downtime, making the project a quick win for all those involved.
• After months of delays, the project team delivered a turnkey website, complete with custom design, content management system, and integrated e-commerce functionality. The client was overjoyed with the speed of the deployment.
• The software vendor provided a turnkey solution for our data analytics needs, handling all installation, configuration, and user training. We were up and running with valuable insights within days of signing the contract.
• The investment firm developed a turnkey real estate project, building the apartment complex from the ground up and offering the entire development fully leased to investors seeking a completely hands-off approach. This attracted many potential investors.
• Instead of building our own server infrastructure, we chose a turnkey cloud hosting package, ensuring optimal performance, security, and 24/7 support. The fully managed solution allowed us to focus on our core business.