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Compliance Glossary Term

Exposure Profile

A summary of the financial, safety, and liability risks a subcontractor faces on a given project or contract. It helps field service companies assess whether insurance coverage, bonding, and safety protocols are adequate. Reviewing your exposure profile before mobilising can prevent costly gaps in protection.

Related Terms

Sanctions Compliance

Compliance

The process of ensuring your company does not do business with individuals, entities, or countries under government-imposed trade restrictions. Subcontractors must screen clients, vendors, and partners against sanctions lists before signing contracts. Non-compliance can result in heavy fines, contract termination, or criminal liability.

Api Rp 585 (american Petroleum Institute Recommended Practice 585)

Compliance

A standard governing process safety incident investigation in upstream oil and gas operations. Subcontractors may be required to follow its protocols when involved in a reportable incident on site. Familiarity with it helps field crews meet operator expectations during investigations.

Hazard Assessment

Compliance

A formal process where subcontractors identify and evaluate site-specific risks before work begins. It documents potential dangers, required controls, and responsible parties. Most client operators require a completed hazard assessment before issuing a work permit.

HAZOP (Hazard and Operability Study)

Compliance

A structured risk review that identifies hazards in a process or worksite before operations begin. Subcontractors are often required to participate or submit supporting documentation. Your crew's task-specific risks may be reviewed and built into site safety plans.

S&S (Significant and Substantial)

Compliance

A regulatory classification used by MSHA to flag violations that could reasonably cause serious injury or illness. S&S citations carry higher fines and greater scrutiny for subcontractors working on mine sites. Accumulating S&S violations can jeopardise a subcontractor's site access and future contract eligibility.

Defense Production Act

Compliance

A U.S. federal law allowing the government to prioritise contracts and redirect materials to national security needs. Subcontractors may face supply chain delays or material shortages when it is invoked. Equipment and parts sourcing timelines can shift significantly with little notice.

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