Definition of Prime contract:
Contract held either by the owner (contracee or principal) of a project, or by a main or primary contractor having full responsibility for the job.
A contract whose requirements are partly fulfilled by the awarding of subcontracts.
How to use Prime contract in a sentence?
- Currently the company has the $6 million prime contract on the largest project in central Pennsylvania, a seven-story judicial center in York County.
Meaning of Prime contract & Prime contract Definition