turnkey

turnkey
A person, under the superintendence of a jailer, who has the charge of the keys of the prison, for the purpose" of opening and fastening the doors
@ turn-key contract
@ turnkey contract
Project in which all owner need do is "turn the key" in the lock to open the building with nothing remaining to be done and all risks to be assumed by contractor. Glassman Const. Co., Inc. v. Maryland City Plaza, Inc., D.C.Md., 371 F.Supp. 1154,1159.
Term used in building trade to designate those contracts in which builder agrees to complete work of building and installation to point of readiness for occupancy. It ordinarily means that builder will complete work to certain specified point, such as building a complete house ready for occupancy as a dwelling, and that builder agrees to assume all risk. Gantt v. Van der Hoek, 251 S.C. 307, 162 S.E.2d 267, 270.
In oil drilling industry a job wherein driller of oil well undertakes to furnish everything and does all work required to complete well, place it on production, and turn it over ready to turn the key and start oil running into tanks. Retsal Drilling Co. v. Commissioner of Internal Revenue, C.C.A.Tex., 127 F.2d 355, 357.
A turn-key contract to drill a well involves the testing of the formation contemplated by the parties and completion of a producing well or its abandonment as a dry hole, all done for an agreed-upon total consideration, putting the risk of rising costs, well trouble, weather, and the like upon the driller, but it does not, in the absence of a clear expression, require the driller to guarantee a producing well. Totah Drilling Co. v. Abraham, 64 N.M. 380, 328 P.2d 1083, 1091
@

Black's law dictionary. . 1990.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • turnkey — turn‧key [ˈtɜːnkiː ǁ ˈtɜːrn ] adjective [only before a noun] turnkey project S or systems are ones that have been produced in such a way that they are ready to be used immediately by a customer: • The unit provides turnkey software systems to… …   Financial and business terms

  • turnkey — index warden Burton s Legal Thesaurus. William C. Burton. 2006 turnkey …   Law dictionary

  • Turnkey — Turn key , n.; pl. {Turnkeys}. [1913 Webster] 1. A person who has charge of the keys of a prison, for opening and fastening the doors; a warder. [1913 Webster] 2. (Dentistry) An instrument with a hinged claw, used for extracting teeth with a… …   The Collaborative International Dictionary of English

  • turnkey — (adj.) 1650s, jailer, from TURN (Cf. turn) + KEY (Cf. key). In reference to a job that only has to be done once, it is recorded from 1934. The notion is of locking up afterward …   Etymology dictionary

  • turnkey — ► NOUN (pl. turnkeys) archaic ▪ a jailer …   English terms dictionary

  • turnkey — turnkey1 [tʉrn′kē΄] n. pl. turnkeys a person in charge of the keys of a prison; warder; jailer ☆ turnkey2 [tʉrn′kē΄ ] adj. [because the new owner of a housing project unit so constructed need only turn the door key to take occupancy] designating …   English World dictionary

  • Turnkey — A turnkey or a turnkey project is a project in which separate entities are responsible for setting up a plant or equipment (e.g. trains/infrastructure) and for putting it into operation. It can include contractual actions at least through the… …   Wikipedia

  • turnkey — I. noun (plural turnkeys) Date: 1647 one who has charge of a prison s keys II. adjective Date: 1927 built, supplied, or installed complete and ready to operate < a turnkey nuclear plant > < a turnkey computer system >; also of or relating to a tu …   New Collegiate Dictionary

  • turnkey — 1. adjective ready to use without further assembly or test; supplied in a state that is ready to turn on and operate (typically refers to an assembly that is outsourced for manufacture) They wanted a turnkey solution for the entire system, but we …   Wiktionary

  • turnkey — /terrn kee /, n., pl. turnkeys., adj. n. 1. a person who has charge of the keys of a prison; jailer. adj. 2. Also, turn key. of, pertaining to, or resulting from an arrangement under which a private contractor designs and constructs a project,… …   Universalium

  • turnkey — turn|key1 [ tɜrn,ki ] adjective complete and ready to be used immediately: a turnkey computer system turnkey turn|key 2 [ tɜrn,ki ] noun count someone in the past who was in charge of the keys in a prison …   Usage of the words and phrases in modern English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”