Subcontract

A subcontract is a contract that assigns part of an existing contract to a different party. For example, if a construction company has the contract to build a home, they are called the contractor, or sometimes, the "prime contractor." They, in turn, will "subcontract" work to electricians, plumbers and others, who are called "subcontractors."

See Also

SmallBusiness.com Glossary


Link to this page: "http://www.smallbusiness.com/wiki/Subcontract"


 
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This page was created on Apr 26, 2006
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