ENTREPRENEURSHIP

Detailed explanation-1: -A subcontractor is a person or entity that has been awarded by the general contractor the performance of part of the work or services of an existing contract entered between the general contractor and the (original) contracting party.

Detailed explanation-2: -Subcontractors help contractors complete a project Subcontractors, on the other hand, are companies or people hired by the contractor to do specific tasks or services in their area of expertise. A general contractor may hire an electrician, plumber, and carpenter for a construction project.

Detailed explanation-3: -Indirect subcontractor means a person who has entered into an agreement with a direct subcontractor to provide services or perform work required pursuant to the direct subcontractor’s contract with a contractor.

Detailed explanation-4: -Subcontracting involves hiring an outside firm or individual to complete a specialized task that cannot be done internally and is usually temporary by design.