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IndustryGlossary Term

Caisson

A watertight steel or concrete structure used to support foundations in offshore or waterlogged environments. Subcontractors may be scoped to install, inspect, or perform maintenance work on caissons. Access and confined space protocols often apply.

Related Terms

Pre-Bid

Industry

The preparation phase before submitting a formal tender, where subcontractors review scope documents and estimate costs. It includes site visits, vendor quotes, and risk assessments. Strong pre-bid work helps avoid costly surprises once a contract is awarded.

Caustic Service

Industry

Work involving equipment or piping that handles highly alkaline chemicals, such as sodium hydroxide. Subcontractors must use compatible materials and certified personnel to avoid rapid corrosion and serious chemical burns. Specialised PPE and handling procedures are typically required by the client's safety plan.

Liquefaction

Industry

The process of converting natural gas into liquid form (LNG) by cooling it to extreme temperatures for storage and transport. Subcontractors supporting liquefaction facilities must meet strict safety and technical certifications. Work scopes often include maintenance, insulation, and cryogenic system servicing.

Prospective Interval

Industry

A rock formation believed to contain oil or gas, targeted for drilling or evaluation. Subcontractors are often mobilised to support exploration work within these zones. Scope and duration of field service contracts may depend on how many prospective intervals a well will test.

FID (Final Investment Decision)

Industry

The point when a project owner formally approves funding and commits to proceeding with a major project. For subcontractors, FID is the trigger that converts preliminary work into confirmed scopes and purchase orders. Mobilisation planning, crew hiring, and equipment sourcing typically begin after FID is announced.

Frac Sand Hauling

Industry

The trucking of proppant (silica sand) from storage terminals to active frac sites. Subcontractors operate on tight dispatch schedules to maintain continuous sand supply during pumping operations. Contracts often include standby rates for wait time at the wellsite.

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