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.
(..) and I looked in the phone book and there's a "Your Self" storage facility right outside of downtown Baltimore, sir. Unit was leased for ten years, pre-paid in full. The contract is in the name of a Miss Hester Mofet. So nobody's been in here since ? Not to my knowledge. Privacy is a great concern (..)1991 The Silence of the Lambs