Asked by Jalon Williams on May 09, 2024
Verified
Subcontracts are a special class of the make or buy,used exclusively in construction procurement.
Subcontracts
Contracts awarded by a primary contractor to a third party for completing part of the work required in a main contract.
Construction Procurement
The process of acquiring labor, materials, equipment, and services necessary for the construction of a new building or infrastructure.
Make or Buy
A decision-making process involving an analysis on whether to produce a product in-house or to purchase it from an external supplier.
- Comprehend the consequences of employing subcontractors within purchasing procedures.
Verified Answer
Learning Objectives
- Comprehend the consequences of employing subcontractors within purchasing procedures.
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