Adjusted Ebitda (earnings Before Interest, Taxes, Depreciation and Amortisation)

A pricing structure where subcontractors charge a marked-up "rack" rate for materials, plus a separate fee for delivery or handling. It allows field service companies to recover supply chain costs beyond base labour rates.

A conflict between JV (Joint Venture) partners over cost-sharing, scope, or payments that can delay approvals and freeze subcontractor invoices. When JV partners disagree, field service companies often face work stoppages or withheld purchase orders. Always clarify which JV partner holds contracting authority before mobilising.

A federal tax incentive that reduces the taxes a subcontractor owes based on eligible capital investments, such as purchasing equipment or machinery. Field service companies can apply ITCs to offset costs on qualifying assets used in operations. This can improve cash flow by lowering overall tax liability at year-end.

A legal claim registered against a property or asset when a subcontractor hasn't been paid for work or materials. It prevents the owner from selling or refinancing until the debt is settled. In oil and gas and construction, liens are a key tool for protecting payment rights.

A government-backed loan programme that funds municipal water, wastewater, and infrastructure projects. These funds often finance large construction contracts, creating steady work for subcontractors and field service crews. Knowing a project is SRF-funded signals stable, government-secured payment on long-term builds.

A directive where a contractor is authorised to begin work before a formal purchase order is issued. The subcontractor agrees on a price verbally or in writing, then mobilises immediately. Common in urgent field situations, but carries payment risk if terms aren't confirmed in writing.

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