Types of Turnkey Construction Contracts

 When a customer is looking for a stress-free way to build their new home, they will want to hire a contractor that offers "turn-key construction" to build their home & take care of all of the details.

The term turnkey basically refers to a construction that is newly built and ready for use immediately by the customer. In this type of construction the construction firm is obligated to complete a project according to pre specified criteria. It is a type of contract based project under which a company agrees to completely design, construct and fully equip the business or home and sell the project to the buyer fully functional. This type of construction contractors provide their customer with ready to use projects that are fully developed and tested for a price that is fixed at the time the contract is signed.

These types of constructions are highly appreciated by the customer. It is fully functional and there is no need for any sort of struggle from the part of the customer. These projects are time limited and they require many resources that a company sometimes cannot afford, therefore usually turnkey construction companies hire an outside contractor or partner to distribute the work load in order to maintain the integrity of the business.

Contractors and subcontractors are required in Turnkey projects to ensure functionality of overall projects. Therefore one main supervisor is assigned to maintain and keep an eye on the working and proceeding of the sub contractors. There are minimum delays in these projects. Once completed, these projects can be sold at high profits to the customers. These types of constructions firms are usually successful at a fast rate as the return of such projects is rapid.

Soto Group of Companies provides such projects. They will provide you with the resources you made need as the project progresses This Company guarantee great facilities. Soto Group of Companies have a good reputation and a name in the market and is the best company to opt. Turnkey projects offered by them have numerous different add on facilities like a community with services such as gym, market and other utilities.

There are three types of turnkey construction

•Total turnkey: In this type of contract, the contractor is completely responsible for everything.

•Discrete turnkey: This type of contract is done by a single agency.

•Non-Turnkey Contract: The non-turnkey contracts mostly involve the civil and structural contracts.