Creating and signing contracts with organizations outside the project team's company is referred to as outsourcing, and if the seller is located in another country, it is referred to as nearshoring.

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Outsourcing refers to the practice of hiring organizations outside the project team's company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. If the seller is located in another country, it is referred to as offshoring, not nearshoring. Nearshoring refers to outsourcing work to companies in nearby or neighboring countries.

Creating and Signing Contracts with Organizations Outside the Project Team's