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IndustryGlossary Term

Closed-Loop Heat Exchanger

A sealed system that transfers heat between two fluid circuits without them making direct contact. Subcontractors service these units for cleaning, inspection, and pressure testing. They are common in oilfield facilities, compressor stations, and industrial construction sites.

Related Terms

Telematics

Industry

A system that tracks vehicle and equipment location, usage, and performance data in real time. Subcontractors use it to monitor fleet activity, verify hours worked, and support billing accuracy. It also aids compliance with safety and maintenance requirements.

ERP (Enterprise Resource Planning)

Industry

Software that centralises a subcontractor's core business functions, including payroll, invoicing, procurement, and scheduling. It replaces disconnected spreadsheets and paper systems with a single source of operational data. Larger GCs and operators may require subcontractors to integrate with their ERP for work orders and payment processing.

OSHA

Industry

Occupational Safety and Health Administration. The US federal agency responsible for workplace safety regulations. Compliance with OSHA standards is required for contractors working in the United States.

GWD (Getting Work Done)

Industry

A safety and compliance management system used by some operators to pre-qualify and manage contractors working on their sites.

Voluntary Cuts

Industry

Agreed reductions in oil production by member nations, typically OPEC (Organization of the Petroleum Exporting Countries) members, to stabilise prices. For subcontractors, these cuts often trigger project deferrals, reduced scope, and slower mobilisation schedules. Budget freezes from operators frequently follow, directly impacting field service award timelines.

Dewatered Sand

Industry

Sand or granular material that has had excess water removed, typically through drainage or mechanical separation on site. Subcontractors handling dewatered sand face stricter disposal and hauling requirements than wet slurry. Confirm moisture content specs before mobilising equipment or quoting removal work.

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