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IndustryGlossary Term

Capital Program

A planned set of major construction or infrastructure projects approved by an owner or operator for a defined period. For subcontractors, it signals sustained work volumes and long-term contracting opportunities. Aligning your capacity with a client's capital program can anchor your pipeline for months or years.

Related Terms

Early-Works

Industry

Preliminary site preparation activities awarded before a project's main contract is finalised. For subcontractors, this means mobilising early—often under a letter of intent—to handle clearing, grading, or utility work. Scope and payment terms can be limited, so review your agreement carefully before committing resources.

Debottleneck

Industry

To identify and remove constraints limiting throughput or efficiency on a project or facility. For subcontractors, this often means mobilising additional crews or equipment to clear backlogs. Work is typically urgent and can command premium rates.

Medium Voltage Transformer

Industry

A device that steps electrical voltage up or down within the 1 kV to 35 kV range on industrial job sites. Subcontractors often work around these units when installing temporary power or connecting equipment. Strict lockout/tagout and electrical certification requirements apply near this equipment.

RFP (Request for Proposal)

Industry

A formal document issued by an operator or general contractor inviting subcontractors to bid on a scope of work. It outlines project requirements, timelines, and evaluation criteria. Responding competitively to RFPs is a primary way field service companies win new contracts.

Mutual Waiver of Consequential Damages

Industry

A contract clause where both parties agree not to sue each other for indirect losses like lost profits or project delays. For subcontractors, this limits your liability if your work causes a costly shutdown. It also protects you from outsized claims that far exceed your contract value.

Life Extension

Industry

A formal process that prolongs the operational life of ageing assets beyond their original design lifespan. For subcontractors, it often means increased inspection, repair, and maintenance scopes. Expect stricter compliance requirements and potential for longer-term service contracts.

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