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.
(..) -No, I think that's a fabulous idea. -Yeah, it's a good one. I mean, the concept is turnkey everything. Okay? You buy a maintenance contract when you get the home. You know, we'll whack your weeds, we'll change your light bulbs. Furniture, you can bring your own or else you can pick one (..)2009 Up in the Air