Contract out

Definition 1 of 2

Pro Tip 1/3

Cost Efficiency

Used when a company aims to save money by hiring external services or labor.

Illustration for Cost Efficiency

To reduce expenses, our firm will contract out delivery services.

Pro Tip 2/3

Specialized Skills

Refers to obtaining specific talents or resources not available in-house.

Illustration for Specialized Skills

The studio contracted out the animation work to a team with experience in 3D rendering.

Pro Tip 3/3

Short-term Projects

Indicates temporary collaboration, often for a one-off or limited task duration.

Illustration for Short-term Projects

They decided to contract out the market research project rather than hiring full-time staff.

Visual representation of the word "Contract out"

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