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

Turnkey contracts in power distribution refer to a type of contractual arrangement where a single entity, usually an engineering, procurement, and construction (EPC) contractor, is responsible for executing the entire project from design to commissioning. The contractor delivers a fully operational system, ensuring that the power distribution network is ready for use without requiring further input from the client, apart from approvals and payments. These contracts are widely used for setting up substations, transmission lines, and distribution networks, particularly in large-scale infrastructure projects.

Key Features of Turnkey Contracts in Power Distribution:

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