The tender file contains the scope of the project, price details, product details, what is necessary if necessary, penalty, payment plan, etc., from the oil and gas organization to the contractor. Based on the details of the survey, projects can be either a turnkey project, or projects in the green meadow, or publishing projects. The term turnkey is also often used in the technology sector, most often to describe prefabricated computer “packages” in which everything is needed for a particular type of task (for example. B audio edition) is compiled and sold in packages by the supplier. [Citation required] It is often a computer with pre-installed software, different types of hardware and accessories. These packages are commonly referred to as appliances. A website with a prefabricated solution and certain configurations is called turnkey website. On the basis of the award of the contract, a contractor works on behalf of an oil and gas organization to carry out the project from scratch. There are other tenders for the purchase of various equipment, electrical and construction works. The contractor handles all the requirements that are met under the oil and gas organization for which the contractor is working on a turnkey project. This contractor performs all inspections and review procedures to ensure the project is running smoothly. Based on the results and analyses, the contractor mandates the project and hands over the project to an oil and gas organization for other operations. A turnkey computer system is a complete computer with hardware, operating system and applications specially designed and sold for certain commercial requirements.
A turnkey contract is a type of contract or agreement between oil and gas organizations and contractors that stipulates that if the work is entrusted to a contractor determined on the basis of the tendering procedure, that contractor must meet all the requirements of the project, order it and return it to the oil and gas organization in an operational state. A turnkey project or contract described by Duncan Wallace (1984) is: The turnkey term is more or less synonymous with “design and construction,” “package contact” and “design contractors.” These are the most popular types of contract management system in the large construction industry.
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