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IndustryGlossary Term

Generating Capacity (gw)

The maximum electrical output a power facility can produce, measured in gigawatts (GW). For subcontractors, project scale and crew size requirements are often tied directly to a facility's GW rating. Larger GW projects typically mean longer scopes, more mobilisations, and greater equipment demands.

Related Terms

Displacement Rate (fuel)

Industry

The volume of fuel consumed per unit of work output by equipment or vehicles on a job site. Subcontractors use this figure to forecast fuel costs and validate reimbursement claims. Tracking it helps flag inefficient equipment before overruns hit your margins.

CIPP (Cured-in-place Pipe)

Industry

A trenchless pipe rehabilitation method where a resin-saturated liner is inserted into a damaged pipe and hardened in place. Subcontractors typically provide specialised crews, inversion or pull-in equipment, and UV or steam curing systems. Common in municipal, oil and gas, and industrial pipeline maintenance scopes.

Material Takeoff

Industry

A detailed list of all materials, quantities, and specifications needed to complete a scope of work. Subcontractors use it to prepare accurate bids and avoid costly shortages or overruns in the field.

Voluntary Cuts

Industry

Agreed reductions in oil production by member nations, typically OPEC (Organization of the Petroleum Exporting Countries) members, to stabilise prices. For subcontractors, these cuts often trigger project deferrals, reduced scope, and slower mobilisation schedules. Budget freezes from operators frequently follow, directly impacting field service award timelines.

Field Ticket

Industry

A document created in the field that records work performed, equipment used, materials consumed, and time spent. Field tickets are the basis for invoicing and must typically be approved by the customer before payment.

Earn-In Agreement

Industry

A deal where a subcontractor gains equity or a stake in a project by completing defined work or spending milestones. Common in junior oil and gas ventures where cash is tight. Your services effectively buy you into the asset rather than just earning a fee.

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