What Are the Hidden Costs of Outsourcing

question 84

Essay

What are the hidden costs of outsourcing?

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Definitions:

Improvements

Enhancements made to a piece of property or to an asset that increase its value or utility.

Substantial Performance

Contract performance that occurs when nearly all the terms of the agreement have been met, there has been an honest effort to complete all the terms, and there has been no willful departure from the terms of the agreement.

Building Codes

Regulations that set forth standards for the construction, modification, and maintenance of buildings and structures to ensure public health, safety, and welfare.

Mechanics Lien

A legal claim against a property by a contractor or worker for unpaid labor or materials provided on a construction project, ensuring payment is received.