Carlo's company hired a contractor in Venezuela to design and build a plant, supply the process technology, provide the production inputs, and then train the operating personnel for the new facility. The contractor then turned the facility over to Carlo's company, which is based in California. This scenario is an example of

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09-06-2022
Business

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Carlo's company hired a contractor in Venezuela to design and build a plant, supply the process technology, provide the production inputs, and then train the operating personnel for the new facility. The contractor then turned the facility over to Carlo's company, which is based in California. This scenario is an example of

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-06-14T17:13:04+02:00

"Carlo's company hired a contractor in Venezuela to design and build a plant, supply the process technology, provide the production inputs...." This scenario is an example of a turnkey project. This is further explained below.

What is construction?

Generally, construction is simply defined as the process of erecting a building.

In conclusion, According to the article, "Carlo's business contracted with a Venezuelan firm to design and construct a plant, offer the process technology, and furnish the manufacturing inputs." This scenario encompasses all phases of the building except for the final assembly.