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IndustryGlossary Term

Corrosion Loop

A designated section of piping or process equipment grouped together for corrosion monitoring and inspection purposes. Subcontractors are often scoped to inspect, coat, or repair all assets within a defined loop. Work orders and integrity programs are typically organised by loop number.

Related Terms

Strait of Hormuz

Industry

A critical shipping chokepoint between Oman and Iran controlling roughly 20% of global oil flow. Disruptions here can spike material costs and delay equipment deliveries for subcontractors. Budget contingencies and procurement timelines should account for geopolitical risk in this corridor.

Best-Value Scoring

Industry

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.

HRSG (Heat Recovery Steam Generator)

Industry

A large boiler unit that captures exhaust heat from gas turbines to produce steam for power generation. Subcontractors are commonly engaged for HRSG installation, maintenance, and inspection scopes. Work typically requires certified welders, boilermakers, and compliance with pressure vessel regulations.

Load Path Planning

Industry

The process of mapping how heavy equipment or materials will be moved from origin to job site. Subcontractors must identify weight limits, road restrictions, and permit requirements along the route. Poor planning causes costly delays, fines, or equipment damage.

Back-To-Back Well Program

Industry

A drilling schedule where wells are spaced consecutively with minimal downtime between completions. For subcontractors, it means sustained mobilisation of crews and equipment across multiple well sites. Expect extended contract durations but also compressed turnaround times between locations.

Prime Contractor

Industry

The main company awarded a project contract who then hires subcontractors to perform portions of the work. As a sub, your agreement, invoicing, and compliance obligations flow through them—not the end client. They carry overall site liability and typically control scheduling and scope.

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