contract

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contract out

To give a job or assignment to an outside entity (so as to avoid doing the job oneself). A noun or pronoun can be used between "contract" and "out." We contracted the project out because no one on our staff has the time to scan all of those documents.
See also: contract, out

contract with (someone or something)

To agree with someone or a group to do something. No one on our staff has the time to scan all of those documents, so we'll contract with a company that can do it for us.
See also: contract

put a contract out on (one)

slang To order for one to be assassinated. Usually said in reference to organized crime. The mob put a contract out on the accountant because he had agreed to testify in court. It turns out that he had put a contract out on the owner of the business so that he could gain control of it.
See also: contract, on, out, put

sweetheart contract

1. An industrial agreement made between an employer and local labor union officials containing terms beneficial to the employer without the knowledge of the employees, typically in exchange for money to the union or its leaders. It was later discovered that the union leader had made a sweetheart contract with the company that eliminated employees' right to strike in exchange for a hefty yearly bonus for himself. The automotive manufacturer decided to move its factories to a different country, where it established a sweetheart contract with the local labor union to pay workers substantially less than those previously enjoyed by American employees.
2. Any kind of agreement or contract that is mutually beneficial two the two parties directly involved, typically at the expense of a third party that is not privy to the agreement. It turns out the athletic director had in place a sweetheart contract with the national athletics association, essentially receiving kickbacks every time one of his athletes performed well. The charity has come under fire for what some are calling a sweetheart contract with a for-profit events organizer that receives nearly 40% of the annual donations the charity receives.
See also: contract, sweetheart

contract something out

to make an agreement with someone to do a specific amount of work. (Rather than doing it oneself or in one's own place of business.) I will contract this out and have it done by consultants. I contracted out this kind of job the last time.
See also: contract, out

contract with someone (for something)

 and contract (with someone) for something
to make an agreement with someone to produce or supply something, or to do something. I will have to contract with an expert for that part of the project. We contracted with a local builder for a new kitchen. Did you contract for plumbing work with Eric?
See also: contract

put a contract out on someone

[for an underworld character] to order someone to kill someone else. The mob put out a contract on some crook from Detroit.
See also: contract, on, out, put

contract out

v.
To engage another person or company by contract to undertake some job that is typically considered part of one's business: Many companies contract out administrative tasks in order to concentrate on sales and marketing.
See also: contract, out
References in periodicals archive ?
In other words, regardless of the number of: (a) contracts that the named insured enters, (b) additional insureds which may have rights under the policy, and (c) losses that may be experienced, the insurance company has contracted to provide one aggregate limit that will be available during the policy period to all parties.
In general, fixed-price contracts are more appropriate for production contracts where costs are either known or easily predicted, and cost-plus contracts are more appropriate in situations--such as development--where costs are uncertain.
The proposed regulations provide that, if an annuity contract is received in exchange for property other than money, (1) the amount realized attributable to the annuity contract will be its FMV (as determined under Sec.
Congressional Republicans, stung by recent criticisms regarding their oversight of federal contracts in Afghanistan and Iraq, have also joined the fray.
Gross income includes any amount received as an annuity under an annuity contract [IRC Sec.
The court rejected this argument, noting that in prior cases the courts have held that real property, especially when leases or other contracts are involved, is not always like-kind to other real estate.
NTSP also conducted annual polls of its physicians to determine minimum reimbursement rates for use in the negotiation of managed care contracts with payers.
While some minority contractors are simply facades for major corporations wanting to win big contracts from Uncle Sam, the force behind this deal is Rodney P.
The Office of Federal Procurement Policy (OFPP) identified a number of contract administration concerns in A Guide to Best Practices for Contract Administration by stating, "The technical administration of government contracts is an essential activity.
Keith Ashdown of the nonpartisan watchdog group Taxpayers for Common Sense calls the Eskimo loophole a "magnet for mischief." The Government Accountability Office has launched a probe into whether federal agencies are paying far more for contracts than they should.
One segment of risk that is often overlooked in the risk management process is the risk assumed by your camp organization in various contracts or agreements.
The amendment would permit bank holding companies to (i) take and make delivery of title to commodities underlying commodity derivative contracts on an instantaneous, pass-through basis; and (ii) enter into certain commodity derivative contracts that do not require cash settlement or specifically provide for assignment, termination, or offset prior to delivery.
With the December award of 73 contracts, the Military Traffic Management Command has turned over a new chapter in how it manages domestic transportation services.
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