A bid evaluation method where contractors are ranked on price plus non-price factors like safety record, experience, and equipment. Low bid alone does not win the work. Subcontractors must demonstrate overall capability, not just competitive rates.
Best-Value Scoring
Related Terms
Dry Gas
IndustryNatural gas composed almost entirely of methane, with minimal liquid hydrocarbons. Subcontractors working dry gas sites face simpler handling requirements but often leaner margins than wet gas projects. Expect lighter equipment specs and fewer fluid management scopes.
Screen Media
IndustryThe replaceable filtering surfaces installed in vibratory shakers and separators on drilling and processing sites. Types include wire mesh, polyurethane, and rubber panels, each suited to different material grades. Subcontractors are often responsible for sourcing, swapping, and disposing of worn screen media during operations.
AFE (Authorization for Expenditure)
IndustryA budgeting document used in oil and gas projects that outlines expected costs and seeks approval before work begins. Subcontractors often work under AFEs issued by operators.
Vam Connections
IndustryPremium threaded pipe connections used in oil and gas drilling and completion operations. Subcontractors handling, installing, or inspecting VAM connections must follow strict torque specs and handling procedures. Improper makeup can result in costly downhole failures and liability exposure.
Preventive Maintenance
IndustryScheduled servicing of equipment before failures occur, reducing costly downtime on job sites. Subcontractors are often contracted specifically to perform PM work on client assets. Documented PM records also support compliance audits and contract renewals.
Perforate
IndustryTo create precisely spaced holes or openings in oil well casing and cement at a target formation depth, allowing hydrocarbons to flow into the wellbore; subcontractors providing perforating services typically work under wireline or coiled tubing crews and must coordinate closely with the operator's completion schedule.
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