Turnkey developments are projects whose design and construction work is tendered in a single joint process. An investor contracts a turnkey project developer to do all the preparation and development work. Some of the functions performed by turnkey developers include deciding on plot and location, architectural design, layout, specifications, and other premium features.
Turnkey in Marbella projects are great construction business models that present investors with different advantages, as highlighted below.
Overall Risk Minimisation
When using different contractors for your projects, several risks exist between the design contractor and the work contractor. Risks of unforeseen cost, hidden charges, and delays due to conflict between different contractors are avoided when a turnkey developer is used. Turnkey projects are managed by a professional specialist who ensures everything is going as planned right from the early stages of development. The specialist is responsible for identifying imminent risks and responding accordingly to prevent additional costs associated with such risks.
Speed Up Process
Hiring a single company ensures the project is completed on time. In case of an unexpected delay, the single company is able to expedite the development process to catch up with time schedule. The communication flow is well facilitated and orders are executed effectively. The development process is agile and efficient, which would not be the case if multiple contractors were used.
Conflict Control and Reduction
Traditional methods of contracting are associated with many conflicts, especially when the work and design are not handled by the same contractor. Hiring a single company to manage all activities of development reduces design-construction conflicts. This conflict occurs when the designing contractor feels the work contractor does not bring out the best construction of the design as expected. On the other hand, the work contractor feels they did their best and starts to feel demeaned, thus conflict build up. Purchasing a turnkey contractor ensures you avoid general cost overruns and delays associated with such conflict.
Time Efficiency
When the two bidding processes, design and work, are combined, project onset is accelerated. The paperwork processes and consequent meetings are avoided. The transaction process is easy and quick. Project preparations and disbursement process are accelerated, thus saving time.
Encourages Contractor Creativity
Once the contract has been signed and commenced, the single contractor is free to apply his creativity, knowledge, and expertise. The contractor is free to make modifications to the project to add his blueprints. However, the contractor is liable for all the costs and risks associated with such modifications. Though the client’s approval may not be needed to make modifications, the terms and conditions of the contract must be observed. This freedom allows the contractor to use the best of his skills and innovations to make the project his masterpiece. The developer views this as an opportunity to market himself through the client’s project.
Tour de Force Project
In layman’s language, this means the completed project will be a display of excellent skills and expertise. Every contractor wants to be the best in the field and become marketable. When you contract a single company, failure is not an option for them. They can’t blame anyone unlike in the traditional contracting where the designer blamed the constructor and vice versa. The contractor will ensure the completed project is an unsullied work of art on display.
Tour de Force Project
In layman’s language, this means the completed project will be a display of excellent skills and expertise. Every contractor wants to be the best in the field and become marketable. When you contract a single company, failure is not an option for them. They can’t blame anyone unlike in the traditional contracting where the designer blamed the constructor and vice versa. The contractor will ensure the completed project is an unsullied work of art on display.
Perfect Cost Estimations and Ideas
When budgeting, cost projection can never be accurate, but the estimations can be perfect. Single contractors are able to make accurate estimations that are not far from actual costs. This is possible since the contractor has incurred similar costs in the past. The contractor is able to budget for every small detail keenly. The sense of responsibility bestowed upon him enables the client to receive accurate cost estimations to avoid future delays due to financial constraints.
Maximum Resources Utilisation
Maximum Resources Utilisation
In turnkey projects, the developer is able to utilise the scarce resources available effectively without wastage. Accurate budgeting and resource allocation ensure the developer buys the exact number of resources. The process of coordination and administration is centralized, allowing the client to focus on dealing with one company to complete the work in all stages.
Whether you are building your dream villa or rental property in Marbella and the surrounding Costa del Sol, contracting the best turnkey developer is the first step. With IDDOMUS, the best-rated turnkey in Marbella project developer, every project is completed using the highest level of innovation, off-the-shelf designs, and decorative elements of a masterpiece. In addition, it’s the company that spends more time writing the "Quality Specifications". Every investor should try IDDOMUS for quality, modern and competent project delivery.
