contractor


Definition
A person or business which provides goods or services to another entity under terms specified in a contract. Unlike an employee, a contractor does not work regularly for a company. also called independent contractor.

Related Terms

performance bond -

self-employed -  More

subcontractor -

Related Terms on BusinessDictionary

termination for default
bid bond
pre-bid shopping
approved bidders list
performance bond
subcontractor
pre-award survey
change order
letter of refusal
time and materials (T&M) contract
construction cost
letter contract
notice to proceed (NTP)
labor and material payment bond
cross-collateral clause
settlement proposal
award-term contract
retention bond
cost plus contract
post bid shopping
cost plus fixed fee (CPFF) contract
terminated portion of the contract
certificate of competency
ineligible bidder
contractor's option
post tender negotiations
cost plus incentive fee (CPIF) contract
general contract
termination for cause
certificate of substantial completion
prequalification of bidders
contract owner
cost reimbursement contract
guaranteed maximum price (GMP)
termination for convenience
responsible bidder
contract price
cost sharing contract
holdback
change order proposal
prime contract
pricing agreement
design-build (D-B) contract
letter of interest (LOI)
chemnet
tooling costs
contract revenues
restricted bidding
design build operate maintain (DBOM) contract
total potential cost of a contract
retroactive pricing
lump sum bid
contractee
mechanic's lien
competitive negotiation
turnkey
contract financing payments
limitation of cost clause
work order
convenience termination clause
progressive payments
bid shopping
fixed price contract
limitation of funds clause
completion guarantee
should-cost estimate
proposal evaluation criteria
bid threshold
incentive-type contract
main contractor
construction, alteration, repair (CAR)
cost of work
proprietary rights
bilateral modification
indivisible contract
mobilization
cost proposal

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