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Pro's and Con's of Contracting

In 250 words please write What are some reasons for and against contracting out? Additionally, what are reasonable items to contract out?

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Hi,

What are some reasons for and against contracting out?

Some reasons for contracting out are:

• To acquire expertise - "Acquiring contracted professionals would help where your existing staff compliment does not have the capacity to complete professional tasks" (Strategy One Plan, 2012, para 5). For example, if an organization does not have the capacity to do the actual framing on a construction project, they would need to acquire the expertise of a company that can do so for the project.

• To save money - "Contracting can be a cost-effective way to defining costs and to not entertain the internal costs to hiring and developing staff for the short-term or long-term" (Strategy One Plan, 2012, para 6). When a company has to hire on staff in a certain area, there is a lag in time to train and ...

Solution Summary

The pros and cons of contracting. The reasons for and against contracting out are given.

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