prime contractor
Definition
Chief contractor who has a contract with the owner of a project or job, and has the full responsibility for its completion. A prime contractor undertakes to perform a complete contract, and may employ (and manage) one or more subcontractors to carry out specific parts of the contract. Also called main contractor.
prime contractor is in the Agreements & Contracts, Project Management and Purchasing & Procurement subjects.
prime contractor appears in the definitions of the following terms: pre-bid shopping, teaming arrangement, general contract, main contractor, subcontractor, subcontract, post bid shopping, letter of refusal and subcontractor bond
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