Editing Turnkey (section)

==Specific usage==
The term ''turnkey'' is also often used in the technology industry, most commonly to describe pre-built computer "packages" in which everything needed to perform a certain type of task (e.g. audio editing) is put together by the supplier and sold as a bundle.{{citation needed|date=April 2015}} This often includes a computer with pre-installed software, various types of hardware, and accessories. Such packages are commonly called [[computer appliance|appliances]]. A website with a ready-made solutions and some configurations is called a turnkey website.

In real estate, ''turnkey'' is defined as a home or property that is ready for occupation for its intended purpose, i.e., a home that is fully functional, needs no upgrading or repairs (move-in ready). In commercial use, a building set up to do auto repairs would be defined as turnkey if it came fully stocked with all needed machinery and tools for that particular trade.{{citation needed|date=April 2015}} The turnkey process includes all of the steps involved to open a location including the site selection, negotiations, space planning, construction coordination and complete installation. "Turnkey real estate" also refers to a type of [[investment]]. This process includes the purchase, construction or rehab (of an existing site), the leasing out to tenants, and then the sale of the property to a buyer. The buyer is purchasing an investment property which is producing a stream of income.

In [[oil well|drilling]], the term indicates an arrangement where a contractor must fully complete a well up to some milestone to receive any payment (in exchange for greater compensation upon completion).<ref>{{cite web |title=turnkey |url=http://www.glossary.oilfield.slb.com/en/Terms/t/turnkey.aspx |website=Schlumberger Oilfield Glossary |publisher=Schlumberger Limited |access-date=2 July 2015}}</ref>