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Industry Glossary Term

Design-Bid-Build

A project delivery method where design is completed before subcontractors are invited to bid. Scope is fully defined upfront, reducing ambiguity in your quote. Common in construction; less flexible once awarded, so price your bid carefully.

Related Terms

Cryogenic Processing

Industry

A method of separating natural gas into valuable components by cooling it to extremely low temperatures. Subcontractors may be required to hold specialised certifications and use cryogenic-rated equipment on these sites. Strict handling protocols apply, as cryogenic materials pose serious safety risks to field crews.

Drilling Spread

Industry

The complete package of equipment, personnel, and services required to drill a well, which determines the scope of work subcontractors are hired into — whether supplying a single service line or multiple integrated components across the operation.

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.

Bakken Play

Industry

A major tight-oil producing region spanning North Dakota, Montana, and southern Saskatchewan and Manitoba. Subcontractors working here should expect high-volume horizontal drilling and multi-stage fracturing scopes. Seasonal road bans and remote logistics significantly impact crew mobilisation and equipment scheduling.

Onshore Acreage

Industry

Land-based areas leased or licensed by operators for exploration and production activities. For subcontractors, it defines where field work is scoped, mobilised, and contracted. Acreage size and location directly affect crew logistics, travel costs, and service demand.

M&A (Mergers and Acquisitions)

Industry

When two companies combine or one buys another, reshuffling vendor lists and contract structures. Subcontractors may face renegotiated rates, new prequalification requirements, or lost preferred-supplier status. Monitor client M&A activity closely — approved contractor rosters often get cut during integration.

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