Subcontractor - Wikipedia
WebA subcontractor is a person or business that undertakes to perform part or all of the obligations of another's contract . A general contractor, prime contractor or main contractor may hire subcontractors to perform specific tasks as part of an overall project to reduce costs or to mitigate project risks. In employing subcontractors, the general ...
Subcontracting: How It Works, Benefits, Definition, and Taxation
Web6 days ago · Subcontracting is the practice of assigning part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting is especially prevalent in areas where ...
Subcontract Definition & Meaning - Merriam-Webster
Websubcontract: [verb] to let out or undertake work under a subcontract.
SUBCONTRACT | English meaning - Cambridge Dictionary
WebAdd to word list. to 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 …
Outsourcing vs. Subcontracting: What's the difference? - Investopedia
WebApr 15, 2024 · Key Takeaways. Outsourcing and subcontracting both involve allocating jobs outside of a firm but have important differences. Outsourcing is considered a comprehensive cost-cutting strategy by a ...
Subcontracting | www.dau.edu
WebAlternate Definition. Subcontracting 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.
What is Subcontracting? Definition, Advantages, Taxes [2024]
WebFeb 02, 2024 | What is subcontracting? A guide for contractors: definition, advantages, examples and tax implications. Streamline operations and enhance project success.
What is Subcontracting?: 100% Great Guide to understand …
WebAug 16, 2023 · It involves a third party, known as the subcontractor, who is hired by the primary contractor to perform specific tasks or provide certain services outlined in the original contract. The subcontractor’s responsibilities are typically a subset of the overall project covered by the primary contract.
SUBCONTRACT Definition & Meaning | Dictionary.com
WebSubcontract definition: a contract by which one agrees to render services or to provide materials necessary for the performance of another contract. . See examples of SUBCONTRACT used in a sentence.
Types of Subcontractors in Construction | Procore
WebMar 13, 2024 · Owner: The owner hires the GC to oversee and manage the project. General contractor: The GC hires specialty contractors as subcontractors to complete specific tasks on the project. Subcontractor: A specialty contractor hired to complete a certain task on a construction project, such as electrical wiring, drywall installation, or steel framing ...
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