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Definition of prime contract in US English: prime contractnoun A contract whose requirements are partly fulfilled by the awarding of subcontracts. Example sentencesExamples - Nasa has awarded a $936 million modification to the prime contract for the International Space Station.
- It is envisaged that the prime contract will be place in the spring of 2004, at which point shipbuilding can begin, and the carriers should enter service in 2012 and 2015.
- This is done in order to counteract the main trend in defense contract awards, which concentrates prime contracts among a very small number of firms - for example, each year approximately two-thirds of such contracts go to 100 firms.
- As well as designing and building the ships, the £130 million prime contract covers the support of the ships through their expected 25-year service life with the Royal Navy.
- Currently the company has the $6 million prime contract on the largest project in central Pennsylvania, a seven-story judicial center in York County.
Derivatives noun The former, as prime contractor, builds the aft and central superstructure, the latter the ship's bow and distinctive pyramidal main mast. Example sentencesExamples - Production is primarily dependent on the privately owned network of prime contractors and subcontractors.
- Arizona has a wide range of defense industries, ranging from small subcontractors to some of the nation's leading prime contractors.
- The firm selected will be prime contractor for the initial contract, but as much of 50% of the work will likely go to subcontractors.
- Typically, these projects consist of a prime contractor that doles out parts of the jet's development to dozens of subcontractors and hundreds of smaller suppliers.
Definition of prime contract in US English: prime contractnoun A contract whose requirements are partly fulfilled by the awarding of subcontracts. Example sentencesExamples - It is envisaged that the prime contract will be place in the spring of 2004, at which point shipbuilding can begin, and the carriers should enter service in 2012 and 2015.
- Currently the company has the $6 million prime contract on the largest project in central Pennsylvania, a seven-story judicial center in York County.
- This is done in order to counteract the main trend in defense contract awards, which concentrates prime contracts among a very small number of firms - for example, each year approximately two-thirds of such contracts go to 100 firms.
- As well as designing and building the ships, the £130 million prime contract covers the support of the ships through their expected 25-year service life with the Royal Navy.
- Nasa has awarded a $936 million modification to the prime contract for the International Space Station.
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