👉 A Contractor IOR (Independent Operating Organization) is a type of business entity used by contractors to manage their operations and finances independently from the main contracting company. It acts as a separate legal entity, often formed specifically for the project, allowing the contractor to handle day-to-day management, procurement, and financial transactions without being directly bound by the main contract. This structure provides flexibility, enabling the contractor to operate more autonomously and efficiently, while also offering liability protection and clearer financial accountability. Contractor IORs typically manage subcontracting, resource allocation, and compliance with project specifications, making them essential for large-scale or complex construction projects.
