Turnkey is based on the idea that if the owner takes responsibility for the installation, he only has to turn the key and the installation works as expected. Other forms of construction contracts are a project management approach and alliance contracts. The fundamental content of an EPC contract is the long-term financing of infrastructure and industry projects, based on the project`s expected cash flows and not on the balance sheets of its sponsors. Typically, a project finance structure includes a number of investors called “sponsors” and a “consortium” of banks or other credit institutions that provide loans for the operation. . . .