Prime contract

Prime contract,

Definition of Prime contract:

  1. 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.

  2. A contract whose requirements are partly fulfilled by the awarding of subcontracts.

How to use Prime contract in a sentence?

  1. 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