Business Outsourcing Contracts
When you consider business outsourcing it is important
to draw up a contractual agreement for you and the
outsourcing company to sign.
This agreement will define the project in full
including items such as the time line, budget, people,
When you decide on a business for outsourcing it is
important to draw up a contract. The contract will
spell out all of your expectations to the project and
what the role of the company and their employees will
This gives you the opportunity to hold the company
accountable for the work you are asking to be done.
When you sign a contractual agreement for business
outsourcing the contract will specify the time frame
of the project and set a timeline.
The timeline will set milestones during the project
and specify each with an expected completion date. In
addition, many contractual agreements will specify
percentages of payment according to the completion of
each set milestone.
If the completion or the milestone is not met on the
expected date, a stipulation may be defined on the
contractual agreement also.
The contract signed between you and a business
outsourcing company will define the budget of the
project and what the company has agreed to do the
If the company has underbid the project, then they
must pay the excess funds to complete the project. It
is not your responsibility if the company underbids
and the contract should be clear on this.
This includes the amount of hours it takes for
completion of the project. If the company promised the
project would be completed in a certain amount of
hours and it is not then their staff will be working
for free until the project is completed.
You must sign a contractual agreement along with the
business outsourcing company you are hiring. This is
to protect the company and the funds you have for the