Common use of Turnkey Project Clause in Contracts

Turnkey Project. The Parties agree that this Agreement is a turnkey contract and Supplier’s obligation is to provide System Owner with a fully operational System meeting the Specifications (as defined below) for the Contract Price and completed in accordance with the terms of this Agreement. System Owner is relying upon the expertise of Supplier to furnish a completed System in accordance with the terms of this Agreement, and Supplier acknowledges System Owner’s reliance thereupon.