Explain turnkey contracts in power distribution? Make comparative statement of benefits of turnkey contracts vis-à-vis unit rate contracts.

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A turnkey contract is a type of contract in which a contractor is responsible for designing, constructing, and delivering a complete, ready-to-use project to the client. In the context of power distribution, turnkey contracts are used to build and commission entire power distribution systems, including the supply of all necessary equipment, materials, and services required for the project.

In contrast, a unit rate contract is a type of contract in which the contractor is paid based on the amount of work done, such as the number of units ___________ _________ ____ _________ ______ __ _____ _______ ____________ _________ __________ ___ __ ___________ __.
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Degree : CERTIFICATE PROGRAMMES
Course Name : Advanced Certificate in Power Distribution Management
Course Code : ACPDM
Subject Name : Management Of Power Distribution
Subject Code : BEE 3
Year : 2023