subcontracts
Hires another contractor
Subcontracts are agreements where a contractor hires another party to perform part of their original contract.
A construction company might subcontract electrical work to specialists.
As a verb, to subcontract is to farm out such work: We subcontracted the plumbing to a local firm.
The practice is standard in construction, government contracting, and manufacturing.
Those who sell goods
- suppliersThose who furnish goods
- third-partyExternal, uninvolved entity
- procurementObtaining goods externally
- offshoringMoving work overseas
contractors · freelancers · consultants · services · partnerships · globalization · multinational · remote
Shared position between parties
- complianceAdhering to requirements
- liabilityLegal or financial obligation
- termsConditions of an agreement
- conditionsPrevailing state of affairs
obligations · enforceability · jurisdiction · indemnification · breach · confidentiality · arbitration · disputes
Allocated work or duty
- allocationDistribution of shares
- taskingAllocating work to someone
- commissioningOrdering work to be made
- entrustmentTransfer of responsibility
oversight · coordination · supervision · management · responsibility · authority · accountability · direction
Allocating funds systematically
- savingsAccumulated money kept
- negotiationDiscussion seeking mutual accord
- pricingEstablishing monetary amounts charged
- profitabilityCapacity to generate gain
margins · discounts · bidding · affordability · economies · overhead · markup · cost-plus
Skill from extensive practice
- nicheRecessed wall space
- skillsLearned competencies
- craftsmanshipSkill in making objects
- customizationModification to individual preference
precision · competence · proficiency · know-how · mastery · specialty · technical · trades
vendors
Those who sell goods
- suppliersThose who furnish goods
- third-partyExternal, uninvolved entity
- procurementObtaining goods externally
offshoring · contractors · freelancers · consultants · services · partnerships · globalization · multinational · remote · workforce
agreement
Shared position between parties
- complianceAdhering to requirements
- liabilityLegal or financial obligation
- termsConditions of an agreement
conditions · obligations · enforceability · jurisdiction · indemnification · breach · confidentiality · arbitration · disputes · penalties
assignment
Allocated work or duty
- allocationDistribution of shares
- taskingAllocating work to someone
- commissioningOrdering work to be made
entrustment · oversight · coordination · supervision · management · responsibility · authority · accountability · direction · devolution
budgeting
Allocating funds systematically
- savingsAccumulated money kept
- negotiationDiscussion seeking mutual accord
- pricingEstablishing monetary amounts charged
profitability · margins · discounts · bidding · affordability · economies · overhead · markup · cost-plus · fixed-price
expertise
Skill from extensive practice
- nicheRecessed wall space
- skillsLearned competencies
- craftsmanshipSkill in making objects
customization · precision · competence · proficiency · know-how · mastery · specialty · technical · trades · licensed
- contractslease, clause, oral, severance package, assent
- defense procurementmilitary procurement, bidding, bids, defense contractors, tenders
- procurementprocurement, purchasing, purchase order, bidding, competitive bids
- proposalsproposal, RFP, business proposal, grant proposal, research proposal
- contract termsagreement, terms, conditions, condition, clause
- grantsfunding, research grants, government grants, awards, allocations