When a contractor supplies all the requirements of a project, including financing, permitting, and land, the contract is considered to be what?

A contract in which a contractor supplies all the requirements of a project, including financing, permitting, and land, is considered a turnkey contract. This type of arrangement is characterized by the contractor being responsible for delivering a complete project that is ready for immediate use upon completion. The contractor effectively takes on all aspects of the project, ensuring that everything from initial concept to final execution is handled seamlessly.

In this context, "turnkey" indicates that the owner can simply "turn the key" to begin using the facility without needing to get involved in any further details or processes. This arrangement simplifies the project for the owner, as they do not have to deal with the various complexities associated with project development.

Other types of contracts, such as design-build or fixed-price, may not encompass all phases of project delivery or might separate responsibilities in a way that does not align with the comprehensive service provided by a turnkey contract. Configurations like cost-plus contracts vary in that they typically require owners to cover actual costs plus an additional fee, which does not align with the all-inclusive nature of a turnkey arrangement where the totality of resources and responsibilities lies with the contractor.