Case Studies of Turn-Key Pharmaceutical Projects: Advantages, Challenges, and Risks

To define, in a turn-key project, the contractor is fully responsible for the job takes total responsibility for the said project, covering everything from the first phases initial planning stages, then to the design, then to procurement, construction, and handover. 

Turn-key projects are also seen in pharmaceutical industries. KnowingFollowing the definition above, choosing to go turn-key when starting commencing a pharmaceutical project means only one contractor handles the designing and building of a pharmaceutical facility. 

But, before you commit to this type of project, get a bird’s-eye view of everything about this, as you learn about its advantages and disadvantages in this concise guide. Here’s a summary:

– Turn-key pharmaceutical projects in a nutshell

– The benefits

– Challenges and risks

Turn-Key Pharmaceutical Projects in a Nutshell

Considering howConsidering the complexities of the processes when building a new pharmaceutical facility can be really complex, choosing to make this project turn-key is the best decision you’re ever going to make. 

A pharmaceutical project in the category of turnkey is comprehensive, perhaps the most comprehensive of all other project types, in such a way that a single contractor – not two, or three – manages all aspects from square one all the way to the launch of your facility to operations.

However, while these projects are all promising, it is important to note that there are risks involved. First, the benefits.

Advantages of Going Turn-Key for Your Pharmaceutical Facility

• One Single point of contact: This is the most important benefit of turn-key pharmaceutical projects, wherein there is only a single contact for all operations. Thus, there are less communication barries and delays, thus the decision-making, streamlined. communication barriers are minimized, delays are reduced, and decision-making is streamlined.
• Regulatory compliance: You may think that contacting multiple contractors will make your project more credible, but if the project does not comply with regulations, it is best to just choose to go turn-key.
• Seamless design and manufacturing: Think of hiring several designers for your event. The output can get disorganized, can’t it? Thus, hiring just one contractor paves the way for uniformity.
• Enhanced quality: With a unified team, you can ensure the design and appearance of your pharmaceutical facility will look as professional as possible.
• Cost-efficiency: This should come as a no-brainer, since hiring multiple contractors means you’d have to pay more.

Risks and Disadvantages

• LessLimited customization and flexibility and opportunities for customization: While going turn-key for your pharmaceutical projects provides you with just onea unified theme for your outputs or the design of your facility, your creative license is often limited, since you are only relying on the mindset of a singular one contractor.
• SteepLong-term costs: A very interesting point since a single contractor obviously lowers the costs of hiring. However, with just one contactor working on your project, it has been proven that calculating ROI or investment returns is more of a challenge.
• Reliance on contractor expertise and trust: Can turn-key projects really save you time? Mostly, they can. However, in some instances, you’d spend more time coming up witharriving at that one contractor because you’d want to make sure they check all the boxes.

However, remember, in the application of turnkey solutions, keeping these risks in mind, it is still a case-to-case basis. 

Turn-Key Pharmaceutical Projects: Maximize the Benefits, Minimize the Risks with Canaan

So, learning about the benefits and the associated risks, should you make your projects turn-key?go for turning your pharmaceutical project into a turn-key undertaking? Well, the advantages still outweigh the risks. In other words, there is no reason why you shouldn’t opt for turning your project as such.

Allow companies like Canaan to help you succeed when you decide to go this route. Our pharmaceutical equipment manufacturing brand guarantees turn-key projects will be triumphs since high-quality and optimized machinery integrates seamlessly with the project design. 
Plus, with our reliable technical support, you’ll always tick the right boxes when you want to launch your new pharma facility soon. For more information, connect with our team.