The company won a multi-million-dollar 'contract' to build a new courthouse. = The company was awarded a multi-million-dollar 'contract' to build a new courthouse.
The company 'contracted out' its manufacturing jobs. [=the company paid another company to do its manufacturing jobs instead of doing them itself]
If he breaks the 'contract' [=if he does not abide by the agreement], he will get sued.
(..) We're providing a valuable community service. That's fine for the papers, but I've got a family to feed. We go back a long way. I need this highway contract. I don't get it and I go under. That's a fact. You have some of this fine pie... ...my missus made for you. You think about that. I wouldn't worry too much about this contract. I already got my boys committed elsewhere. You be sure and thank Maisie for this fine pie. And behind every shady deal... (..)1994 The Shawshank Redemption