Contractors and vendors serve distinct roles within a business setting. A contractor is an individual or company engaged to perform work or provide services under a certain agreement. Typically, contractors are tasked with completing specific projects or offering specialized services over a set period of time, and they operate independently from the existing workforce of a business. They manage how and when the work is done, often using their own tools and materials, and they are paid under the terms of a contract.
On the other hand, a vendor is a supplier involved in selling goods or products. Vendors are generally responsible for the supply chain and distribution aspects, providing businesses with the necessary materials, products, or services needed for operation. Unlike contractors, vendors are usually in the business of selling ready-made goods or materials rather than offering specialized services. They are key in ensuring that businesses have the necessary inventory to function and meet customer demands. Vendors involve a more transactional relationship compared to the project-based involvement of contractors.
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