A formal document filed by subcontractors to release unpaid lien claims against a project owner's property. It is typically used when a general contractor fails to pass payment down the chain. Understanding this process helps field service companies recover outstanding invoices through legal channels.
Discharge Petition
Related Terms
LEM (Labour, Equipment, Materials)
Cash FlowA breakdown of costs on a field ticket or invoice, separating charges into labor hours, equipment usage, and materials consumed.
Bridging Power
Cash FlowA subcontractor's ability to fund operations while waiting on client payments. It covers payroll, fuel, and equipment costs between invoice and payment. Strong bridging power prevents work stoppages during slow pay cycles.
Blanket Authorization
Cash FlowA standing approval that allows subcontractors to perform recurring work up to a set dollar limit without requiring a new work order each time. It simplifies billing and reduces administrative delays on long-term contracts. Subcontractors should confirm spending thresholds in writing before mobilising crews.
Adjusted Ebitda (earnings Before Interest, Taxes, Depreciation and Amortisation)
Cash FlowA profitability measure that strips out non-cash costs and one-time charges, showing true operational earnings. For subcontractors, it reveals how much cash your field operations actually generate. Clients and lenders use it to assess your financial health before awarding contracts or extending credit.
Drinking Water State Revolving Fund (dwsrf)
Cash FlowA U.S. federal loan programme funding municipal drinking water infrastructure upgrades. Subcontractors often access steady pipeline and treatment plant work through DWSRF-backed projects. Expect strict regulatory compliance requirements and public-sector billing cycles on these contracts.
Triple-Net Lease
Cash FlowA property lease where the tenant pays rent plus property taxes, insurance, and maintenance costs. Subcontractors leasing yard space, shops, or staging areas often encounter this structure. Budget carefully — these added costs can significantly impact project overhead.
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