contractualize

Meanings

1. To represent, model or formalize an agreement, intent or understanding within a legal framework or contract
2. To outsource.
3. To shift from hiring permanent employees to hiring temporary workers, especially those hired on a per-project basis (and thereby avoiding the need to provide legally mandated employee benefits).
4. To switch from providing public services by the government to contracting service providers in the private sector.

Etymology

From contractual + -ize.