Contracting

Contracting is a type of sourcing agreement between a buyer and seller of professional training services. Considered an Out-Tasking Model, contracting is typically used for less strategic and less complex types of engagements, such as instructional design and course delivery. Contracting engagements are generally term or time based, meaning the financial charges are typically incurred on an hourly, daily, or weekly basis.

Contracting is also one of the 7 Stages of Outsourcing, in which both parties have agreed to formalize their business relationship through the development and signing of a contract.

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