WHAT IS THE COMPLEX TURN-KEY PROCESS?

The Complex Turn-key process is a risk management review process that is initiated early in the sales phase of larger, more complex project opportunities that are identified by the District Office according to the criteria below. The CTK process is designed to enhance overall profitability of projects by identifying and addressing risk during the sales process, thereby factoring into the overall business decision to pursue the opportunity. The CTK process is continued into operations phase to provide risk management feedback and support. The entire process consists of a four-staged approach to risk management: Qualifying, Project Development, Final Review and Project Execution. Within each stage are sub-process components that help identify relevant risk factors, including Financial, Contractual and Project Management. In addition, a Project Accounting sub-process component assisits the District Office in administering the project for many of the accounting functions that are required, including project costing and reporting, progress billing, and cash flow management.