Turnkey operation

{
  "id": "MLC-T-INS-003388",
  "term": "Turnkey operation",
  "field": "Insurance and risk management",
  "definition": "A project or business for which a contractor or provider assumes complete responsibility from design through completion, delivering it to the buyer or owner ready for immediate use. In construction insurance, the contractor performing the work procures the necessary property and liability coverages for the entire project duration. Upon completion, the operational and insurable risks are transferred to the new owner along with the physical asset.",
  "url": "https://mlchart.com/terminology/insurance/turnkey-operation/"
}