subcontracting
Definition
A business practice where main contractor hires additional individuals or companies called subcontractors to help complete a project. The main contractor is still in charge and must oversee hires to ensure project is executed and completed as specified in contract.
Related Articles
- Common Financial Instruments of Forex *
- Types of Stock Mutual Funds *
- Benefits and Risks Associated with Bonds *
- Treasury Bonds *
- Irrevocable Trusts *
- Introduction to Insurance *
- Roth IRAs: Contributions, Withdrawals, Distributions etc. *
- An Overview of Retirement Planning *
Related Videos
http://www.businessdictionary.com/definition/subcontracting.html
