Gerund functioning as a noun; refers to the act/process of contracting or the business of making contracts.
Definitions
The process of becoming smaller or narrower; shrinkage. The contracting of the metal occurs as it cools.
The business or activity of making contracts, especially for construction or services. She works in government contracting.
Attributive use meaning ‘relating to the business of contracts or construction’ (e.g. ‘a contracting firm’).
Definitions
Relating to or involved in the business of making contracts, especially for construction or services. The city hired a contracting company to renovate the bridge.
contractinggerund / present participle Used as a present-participial adjective meaning becoming smaller or undergoing reduction.
Translations
The contracting market has affected many businesses.
Сужающийся рынок повлиял на многие компании.
The contracting economy has led to job losses.
Сокращающаяся экономика привела к потере рабочих мест.
Definitions
Becoming smaller or narrower. The contracting balloon indicated that it was losing air.