Which of the following best describes Turnkey Construction?

Prepare for the Arkansas Contractor Business and Law Exam. Study with flashcards and multiple choice questions. Each question comes with hints and explanations. Ace your exam confidently!

Turnkey construction is best described as a model that combines design and construction management with financing and land acquisition. In this approach, the contractor takes on the responsibility for the entire project, from the initial design phase through to the completion of the construction, effectively delivering a completed product for the client. This method is advantageous for clients as it provides a single point of accountability, reduces the complexity of coordination among various contractors, and typically results in a faster project delivery.

This model is particularly appealing for developers or organizations that want to minimize their involvement in the construction process while ensuring the project meets their specifications and budget. It contrasts with other construction methods that may separate the design, financing, and construction stages, leading to potential delays and miscommunication.

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