HomeDefinitionsCompareDebt Turnkey construction contractThe financial definition for Turnkey construction contract:A type of construction contract under which the construction firm is obligated to complete a project according to prespecified criteria for a price that is fixed at the time the contract is signed. Similar MatchesConstruction loanConstruction loanA short-term loan to finance building costs. International Bank for Reconstruction and Development (IBRD)International Bank for Reconstruction and Development (IBRD)IBRD or World Bank makes loans at nearly conventional terms to countries for projects of high economic priority. International Bank for Reconstruction and Development (IBRD)International Bank for Reconstruction and Development (IBRD)Also commonly called the World Bank. It is a United Nations affiliated institution that assists in the development of its poorer members by facilitating private investments, and by making and guaranteeing loans. Click to compare definitions of Turnkey construction contract Click to view definitions beginning tu |