What is a contractor?
An independent contractor is an entity that agrees to produce a designated result for an agreed price. Contractors can include:
sub-contractors
consultants
sole traders
companies
partnerships
trusts.
In most cases, a contractor:
is paid for results achieved
provides all or most of the necessary materials and equipment to complete the work
is free to delegate work to other entities
has freedom in the way the work is done
provides services to the general public and other businesses
is free to accept or refuse work
is in a position to make a profit or loss.
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Last updated: 10-Jun-2011