Subcontracting: How It Works, Benefits, Definition, and Taxation
网页2024年4月29日 · 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...
Prime and subcontracting | U.S. Small Business Administration
网页2024年6月27日 · Subcontracting. Unlike prime contractors, subcontractors do not work directly with the government, but instead work for other contractors. This allows contractors that are not prepared to work directly with a federal agency to …
Outsourcing vs. Subcontracting: What's the difference? - Investopedia
网页2024年4月15日 · It traditionally refers to the practice of bringing in an outside company or individual to perform specific parts of a business contract or project. In most cases, a company subcontracts another...
Subcontracting | www.dau.edu
网页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.
Subcontractor - Wikipedia
网页A subcontractor is a person or business which undertakes to perform part or all of the obligations of another's contract, and a subcontract is a contract which assigns part of an existing contract to a subcontractor.
Subcontract Definition & Meaning - Merriam-Webster
网页The meaning of SUBCONTRACT is a contract between a party to an original contract and a third party; especially : one to provide all or a specified part of the work or materials required in the original contract. How to use subcontract in a sentence.
What is Subcontracting?: 100% Great Guide to understand …
网页2023年8月16日 · Subcontracting (SC) is a strategic business practice where a company, known as the subcontractor, is hired by another company to complete specific tasks or projects that the latter company lacks the expertise, resources, or time to handle in-house.
Subcontractor Contracts: Everything You Need to Know
网页2020年7月7日 · Subcontractor contracts provide a level of risk management for projects and the transfer of work. If a contractor doesn't use a subcontractor contract for anyone brought on to work with them, that worker becomes a liability for the primary contractor.
Types of Subcontractors in Construction - Procore
网页2024年6月15日 · A subcontractor, however, describes any contractor hired by a party other than the owner. Subcontractors may be hired by the GC or by another subcontractor. These contractors usually specialize in a specific area of work. They are commonly known as specialty contractors or trade contractors.
Subcontractor Agreement: Explanation + Free Template - Levelset
网页2018年11月15日 · A subcontractor agreement is a contract between a subcontractor and another contractor that defines a specific portion of work on a larger construction project.