Prime contractor


Also found in: Financial, Acronyms.

prime contractor

[′prīm ′kän‚trak·tər]
(engineering)
A contractor having a direct contract for an entire project; the contractor may in turn assign portions of the work to subcontractors.

Prime contractor

The contractor who takes responsibility for the entire project; may build all of the project, or have subcontractors build the entire project, or may build part of it and subcontract out the rest.

prime contractor

Any contractor on a project having a contract directly with the owner.
References in periodicals archive ?
* An interest penalty clause which obligates the prime contractor to pay an Interest penalty In the event payment is not made in accordance with the payment clause.
The bill would make no changes to the state's deadlines for paying prime contractors.
The government insisted that CSC accept some share of the responsibility as well, on account of its oversight role as prime contractor, and extracted a second $1.35 million settlement from CSC.
If certified as an 8(a) firm, a small business can secure contracts from the government and from prime contractors with the government on a sole source, non-competitive basis.
AMC and casting industry sources assisted the materials engineering group and the mechanical designers of the prime contractor with all published properties data for common alloys and heat treatments for similar size, shape and parts.
An industry analyst said: "If BAE's Govan yard in Scotland wasn't owned by the company, it may be slightly advantageous for companies in the North-east because prime contractors normally seek to fill their own capacity first before using other yards.
Over the past 20 years, 75 plus United States defense specialized firms/divisions merged into five major defense firms, or prime contractors (Commission on the Future of the Aerospace Industry, 2002).
Lockheed Martin Missiles and Fire Control (Dallas, Texas) is the prime contractor responsible for the PAC-3 missile segment.
Currently, the prime contractor is Rocket System Corp., a 30-company joint venture in which Mitsubishi Heavy has a stake.
MTMC's prime contractor, American Auto Logistics, Inc., moves an average of 75,000 vehicles a year worldwide for Department of Defense service members.
In some cases, the prime contractor merely acts as a clearinghouse -- paying the bills and operating a central customer-support center.
The firm will serve as the prime contractor in three of the deals, providing the afterburner fuel control unit and main engine fuel pump to Rolls-Royce and the main fuel metering unit to Industria de Turbo Propulsores of Spain.