FieldNews
Subscribe
Industry Glossary Term

Begin Actual Construction

The point when physical site work starts, triggering contract milestones, mobilisation schedules, and billing periods for subcontractors. It typically marks when crews, equipment, and materials must be on-site and ready. Delays to this date directly affect subcontractor cash flow and resource planning.

Related Terms

Class 8

Industry

The heaviest category of commercial trucks, rated at over 33,001 lbs gross vehicle weight. Common in oil and gas field work for hauling heavy equipment, frac sand, and pipe. Operators require a Class 1 licence in Canada.

JIP (Joint-industry Project)

Industry

A cost-sharing initiative where multiple operators or companies fund research, technology development, or industry challenges together. For subcontractors, JIPs can open doors to new contracts, but procurement processes are often slow and heavily governed. Understanding which operators are involved helps you identify who holds the real budget authority.

Crown Land Sale

Industry

A government auction where energy companies bid on licences to explore or develop publicly owned land. Winning bids signal upcoming drilling and field activity in that area. Subcontractors watch these sales to anticipate new work and mobilise resources early.

Bonus Bid

Industry

A lump-sum payment made by an operator to secure rights to a lease block, separate from royalties. For subcontractors, a large bonus bid signals operator commitment and can indicate upcoming project activity in that area.

Field Ticket

Industry

A document created in the field that records work performed, equipment used, materials consumed, and time spent. Field tickets are the basis for invoicing and must typically be approved by the customer before payment.

Legacy Site

Industry

An older facility or work location operating on outdated infrastructure, systems, or equipment. Subcontractors often face non-standard conditions, ageing assets, and extra compliance requirements on these sites. Mobilisation and scoping costs can be higher due to undocumented or deteriorated site conditions.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio