A project delivery model where one main contractor handles all phases from design to completion, typically creating multiple subcontracting opportunities for field service companies across different project phases. For subcontractors, EPC projects often mean working under a prime contractor who coordinates all trades and manages the overall timeline and specifications.
EPC (Engineering, Procurement, Construction)
Related Terms
Parcel
IndustryA defined section of land or a lease area assigned to a specific project or operator. Subcontractors may be scoped and mobilised by parcel, affecting billing boundaries and crew deployment zones.
Heavy Civil
IndustryLarge-scale infrastructure construction involving earthworks, bridges, roads, and foundations. Subcontractors in this sector typically supply specialised equipment, civil crews, or concrete services. Contracts are often high-value but require significant bonding and insurance capacity.
Hot Shot
IndustryExpedited delivery service for equipment, parts, or materials to remote job sites. Often used for urgent oilfield deliveries.
Triple Drilling Rig
IndustryA large land rig capable of drilling deep wells, typically over 5,000 metres. It requires specialised subcontractors and larger crews than smaller single or double rigs. Expect higher equipment and certification requirements when bidding on triple rig projects.
Turnaround
IndustryA planned shutdown of a facility for maintenance, inspection, and repair. Turnarounds often require large numbers of contractors and subcontractors working intensive schedules.
Sanctioned Field
IndustryA field development that has received formal investment approval from the operator or project owner. For subcontractors, sanction signals that contracts, mobilisation, and work orders are imminent. It marks the transition from planning to active field execution.
Latest Industry News
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