Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Contracting Out”

  • Contracting Out

    The process of establishing contracts with private suppliers to provide a product, service, or business process that was previously provided by the entity’s internal (in-house) resources. The entity maintains responsibility for the provision of the product, service, or business process.

    See Also: Insourcing (in-house), Outsourcing