UK Accounting Glossary
A project owner or other entity that enters into a contract with a contractor/vendor and receives specified goods and/or services under the terms of the contract.
A contractee is a project owner (sometimes called a client or principal) or other entity that enters into a contract with a contractor or vendor and receives specified goods and/or services under the terms of the contract (for example: a purchase order).
1. legal A party to a contract.
2. construction The party to a construction contract who is not the contractor; frequently the owner.
Owner of a project (also known as principal or client) or anyone else who gets into a deal with a builder or merchant and gets particular commodities or/and services as per the conditions of the deal. (like any purchase order).
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This glossary post was last updated: 25th October 2019.