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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.
The putting-out system is a means of subcontracting work, like a tailor. Historically, it was also known as the workshop system and the domestic system.In putting-out, work is contracted by a central agent to subcontractors who complete the project via remote work.
Depending upon the language in the bid proposal, a subcontracting construction company could make its bid final, and, if accepted, a legally enforceable contract is created. In these circumstances, upon determination by the general contractor that a bid is the lowest offer, it can accept the bid and, upon acceptance, a subcontractor cannot ...
Seeking to create more contracting opportunities for small businesses, SBA recently proposed regulatory changes to increase small-business participation on multiple-award contracts and in subcontracting. These follow regulatory updates to the Historically Underutilized Business Zone program for businesses that operate in HUBZones.
A company subcontracting a business unit to a different company in another country would be both outsourcing and offshoring, offshore outsourcing. Types of offshore outsourcing include: Information technology outsourcing (ITO) is where outsourcing is related to technology or the internet, such as computer programming.
Aggregate planning is a marketing activity that does an aggregate plan for the production process, in advance of 3 to 18 months, to give an idea to management as to what quantity of materials and other resources are to be procured and when, so that the total cost of operations of the organization is kept to the minimum over that period.
Julien Inc. is a stainless steel fabrication company. Through its residential, commercial and industrial subcontracting divisions, Julien has completed projects in 13 countries in a wide range of sectors, including transport, electrical and household appliances, agrifood, and the medical and food processing equipment industries.
Under an EPCI contract, the contractor will design the structure(s), procure the necessary materials, undertake construction and transportation and set it up at the offshore site. The contractor does this either through own labor or by subcontracting part of the work.
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