Subcontract Definition & Meaning - Merriam-Webster
WEB1. : to engage a third party to perform under a subcontract all or part of (work included in an original contract)sometimes used with out. 2. : to undertake (work) under a subcontract. Examples of subcontract in a Sentence. Verb The large firm subcontracted with a smaller company. Recent Examples on the Web. Noun.
Subcontracting: How It Works, Benefits, Definition, and Taxation
WEB6 days ago · Subcontracting is the practice of assigning, or outsourcing, part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting is especially prevalent...
Subcontracting | www.dau.edu
WEBSubcontracting occurs when a Government prime contractor awards a contract to another company (the subcontractor) to perform part or all of the prime contractor’s obligations under its contract with the Government. It includes situations where a supplier, distributor, vendor, or firm furnishes supplies or services to another subcontractor.
subcontract Definition, Meaning & Usage | Justia Legal Dictionary
WEBDefinition of "subcontract" A legal agreement where one party of an original contract assigns part of their assigned duties, such as constructing a building, to another party. How to use "subcontract" in a sentence. The construction company decided to subcontract the roofing work to a local business to meet the deadline.
SUBCONTRACT | English meaning - Cambridge Dictionary
WEBto pay an outside person or organization to do work that might normally be done within an organization: subcontract sth (out) to sb Most of the work has been subcontracted out …
Effective subcontract management throughout the contract …
WEBJul 15, 2015 · Effective subcontract management throughout the contract lifecycle. Jul 15, 2015. If administered properly, subcontract management promotes consistency in managing subcontracts across functions, mitigates risk to the organization and contract, and can increase profitably.
SUBCONTRACT Definition & Meaning | Dictionary.com
WEBnoun. a subordinate contract under which the supply of materials, services, or labour is let out to someone other than a party to the main contract. verb. introften foll byfor to enter into or make a subcontract. tr to let out (work) on a subcontract. Discover More. Word History and Origins. Origin of subcontract 1.
Subcontractor Agreement: What You Need to Know - Contract …
WEBA subcontractor agreement is between subcontractors and contractors which states that the subcontractor will complete work on behalf of the contractor. In addition, the agreement summarizes the payment terms, the scope of work, and the obligations of …
What is Subcontracting? Definition, Advantages, Taxes [2024]
WEBFeb 2, 2024 · Subcontracting is a business arrangement where a company (the subcontractor) agrees to perform a specific task or provide a particular service for another company (the main contractor). Essentially, it involves outsourcing a portion of work to a third party, allowing the main contractor to focus on its core competencies.
Outsourcing vs. Subcontracting: What's the difference? - Investopedia
WEBApr 15, 2024 · Subcontracting involves hiring an outside firm or individual to complete a specialized task that cannot be done internally and is usually temporary by design. Both outsourcing and subcontracting,...
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