Subcontracting: meaning, definitions and examples
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subcontracting
[ sʌbkɒnˈtræktɪŋ ]
business
The practice of hiring a third party outside the company to perform specific tasks or projects on behalf of the company. Subcontracting is common in industries where certain specialized skills or equipment are required.
Synonyms
contracting out, delegating, outsourcing
Examples of usage
- Many construction companies engage in subcontracting to handle different aspects of a project.
- Subcontracting can help companies save costs by outsourcing certain tasks.
business
To enter into a contract with a third party to carry out specific work or services that are part of a larger project or agreement. Subcontracting allows companies to focus on their core competencies while relying on external expertise for specialized tasks.
Synonyms
contract out, delegate, outsource
Examples of usage
- The company decided to subcontract the IT support services to a specialized firm.
- We subcontracted the manufacturing of components to a factory overseas.
Translations
Translations of the word "subcontracting" in other languages:
🇵🇹 subcontratação
🇮🇳 उप-ठेकेदारी
🇩🇪 Untervergabe
🇮🇩 subkontrak
🇺🇦 субпідряд
🇵🇱 podwykonawstwo
🇯🇵 下請け (shitauke)
🇫🇷 sous-traitance
🇪🇸 subcontratación
🇹🇷 taşeronluk
🇰🇷 하청 (hacheong)
🇸🇦 التعاقد من الباطن
🇨🇿 subdodávky
🇸🇰 subdodávka
🇨🇳 分包 (fēnbāo)
🇸🇮 podizvajanje
🇮🇸 undirverktaka
🇰🇿 субмердігерлік
🇬🇪 ქვემდებარე საქმის შესრულება
🇦🇿 subpodrat
🇲🇽 subcontratación
Etymology
The concept of subcontracting has been around for centuries, evolving as businesses seek efficiency and specialization. In the modern context, subcontracting plays a crucial role in various industries, allowing companies to leverage external resources and expertise to streamline operations and enhance productivity.
See also: contract, contracted, contractible, contracting, contraction, contractions, contractor, contractors, contracts, contractual, subcontract.