164 Another Word for Contracting Out? – Contracting Out Synonyms & Antonyms

Want to say contracting out differently? Here are other words for contracting out and its similar synonyms and opposite words to say in unique way.


Meaning of contracting out

The primary meaning of "contracting out" is to give a task or service to an external entity or supplier.

Etymology of contracting out

The term "contracting out" originates from the combination of "contract" and "out", where "contract" comes from the Latin "contractus", meaning a drawing together, and "out" indicates the external direction of the action.
Historically, the concept of contracting out dates back to ancient civilizations, where tasks and services were often delegated to external providers, but the modern term has evolved to encompass a wide range of business and economic contexts.

Synonyms

outsourcing subcontracting delegating assigning allocating farming out privatizing externalizing offshoring downsizing streamlining reorganizing restructuring decentralizing offloading unloading shedding divesting relinquishing surrendering transferring handing over giving up letting go dispensing with disposing of jettisoning cutting back reducing diminishing lessening minimizing curbing constraining narrowing limiting confining constricting tightening slashing trimming pruning paring

Definitions

  • The act of assigning a task or service to an external entity or supplier, often to reduce costs or increase efficiency.
  • * A business strategy in which a company delegates a specific function or operation to a third-party provider.

Usage Examples

  • The company decided to start contracting out its manufacturing operations to a foreign supplier to reduce labor costs.
  • * The government has been contracting out various public services to private companies to improve efficiency and cut expenses.

Antonyms

insourcing keeping in-house retaining maintaining managing supervising overseeing controlling directing handling performing executing undertaking assuming taking on shouldering accepting embracing internalizing centralizing consolidating integrating merging amalgamating combining unifying

Related Adjectives

external internal private public foreign domestic economic financial strategic operational managerial administrative organizational institutional corporate commercial industrial technological logistical tactical procedural systematic methodical efficient effective productive competitive advantageous beneficial favorable desirable

Related Nouns

contract agreement deal arrangement understanding pact treaty alliance partnership association organization institution corporation company firm business enterprise venture project task service function operation activity process system framework structure

Related Verbs

outsource subcontract delegate assign allocate privatize externalize offload unload shed divest relinquish surrender transfer hand over give up let go dispense with dispose of jettison cut back reduce diminish lessen minimize curb constrain narrow limit confine constrict tighten slash trim prune pare
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