turnkey job

Isaac Kremer/ July 3, 2024/ / 0 comments

A construction project where the builder assumes the risks of cost overruns due to unforeseen circumstances, and upon completion turns the key in the door locks and gives them to the new owner; common for pre-19th century church construction; in modern times often has the added connotation of the builder also selling the land for the project to the new owner upon completion of the building. (Bucher, 1996)

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About Isaac Kremer

Isaac is a nationally acclaimed downtown revitalization leader, speaker, and author. Districts Isaac managed have achieved over $1 billion of investment, more than 1,899 jobs created, and were 2X Great American Main Street Award Semifinalists and a 1X GAMSA winner in 2023. His work has been featured in Newsday, NJBIZ, ROI-NJ, Patch, TapInto, and USA Today. Isaac is a Main Street America Revitalization Professional (MSARP), with additional certifications from the International Economic Development Council, National Park Service, Project for Public Spaces, Grow America (formerly the National Development Council), and the Strategic Doing Institute.

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