turn-key job

turn-key job
An expression of the construction industry, meaning a complete house, one ready for occupancy by the owner as a dwelling. 13 Am J2d Bldg Contr § 10. A term with a fixed and definite meaning in the oil industry. On such a job the driller of an oil well undertakes to furnish everything and does all the work required to complete the well, place it on production, and turn it over ready to "turn the key" and start the oil running into the tanks. Walker v Chitty (CA6 Ohio) 112 F2d 79; Retsal Drilling Co. v Commissioner (CA5 Tex) 127 F2d 355.

Ballentine's law dictionary. . 1998.

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