From Longman Dictionary of Contemporary Englishcontract out phrasal verb1 BBB contract something ↔ out to arrange to have a job done by a person or company outside your own organizationcontract something ↔ out to We contracted the catering out to an outside firm.2 BEC British English to agree officially not to take part in something such as a pension plan → contractFrom Longman Business Dictionarycontract out phrasal verb British English1[intransitive] to agree officially not to take part in an arrangementIf your company uses the state pension scheme and you want to contract out, then you can also have a personal pension.2[transitive] contract something outHUMAN RESOURCES to arrange to have a job done by a person outside your organization → contract→ See Verb table
