contracting A system by which a government department or local authority makes a contract for the procurement of goods or services from private industry[kən'træktɪŋ]Sub.
contract An agreement between two or more persons which creates an obligation to do or not to do a particular thing. Its essential are competent parties, subject matter, a legal consideration, mutuality of agreement, and mutuality of obligation[kɔnt'rækt]V.
