One of the special modes of carrying out international business is a turnkey project. It is a contract under which a firm agrees to fully design, construct and equip a manufacturing / business / service facility and turn
Project owners may involve contractor to execute projects. … The Design, Build & Operate (DBO) and Build, Own, Operate & Transfer (BOOT) do not classify as Turnkey projects. Examples are: Buying a new car.the project over to the purchaser when it is ready for operation for remuneration.