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IndustryGlossary Term

EPC (Engineering, Procurement, Construction)

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.

Related Terms

Retrofit

Industry

Upgrading or modifying existing equipment to meet new specs, safety standards, or operational requirements. Subcontractors are often hired specifically for retrofit scopes on aging infrastructure. Work may require specialised certifications and careful coordination with the client's existing systems.

Wall Thickness Assessment

Industry

An inspection process that measures remaining material thickness in pipes, vessels, or structural components to detect corrosion or erosion. Subcontractors are often hired to perform these assessments using UT (Ultrasonic Testing) equipment. Results determine whether assets require repair, replacement, or continued monitoring.

Onshore

Industry

Refers to oil and gas or construction operations located on land, as opposed to offshore or marine environments. For subcontractors, onshore work typically means different mobilisation logistics, certification requirements, and rate structures. Most Canadian field service activity in Alberta and Saskatchewan is onshore.

Oil-Directed Drilling

Industry

A drilling programme targeting oil reservoirs rather than natural gas. Subcontractors can expect higher rig activity and longer campaign durations in regions where oil prices justify development. Demand for completions, fluid hauling, and wellsite services typically rises during oil-directed cycles.

Mutual Waiver of Consequential Damages

Industry

A contract clause where both parties agree not to sue each other for indirect losses like lost profits or project delays. For subcontractors, this limits your liability if your work causes a costly shutdown. It also protects you from outsized claims that far exceed your contract value.

Kelly Bar

Industry

A heavy, telescoping steel rod that transmits rotary torque from a drill rig to the auger or cutting tool. Subcontractors operating foundation or piling rigs must inspect kelly bars regularly for wear and cracking. Damage affects drilling performance and can cause costly downtime on tight project schedules.

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