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Industry Glossary Term

Integrated Project Delivery (ipd)

A project delivery model where owners, contractors, and subcontractors share contracts, risks, and rewards from early design through completion. Subcontractors are brought in earlier than traditional models, giving more input on planning and scheduling. Compensation is often tied to collective project outcomes rather than individual scope performance.

Related Terms

LOI (Letter of Intent)

Industry

A written commitment from a client indicating they plan to award a subcontractor a contract. It allows work or mobilisation to begin before the formal contract is signed. LOIs are not always legally binding, so subcontractors should clarify payment obligations before proceeding.

IIJA (Infrastructure Investment and Jobs Act)

Industry

A major U.S. federal law passed in 2021 that funds roads, bridges, pipelines, and energy infrastructure projects. It drives significant contract opportunities for subcontractors in civil, pipeline, and utility work. Prevailing wage and Buy America requirements often apply, affecting labour costs and material sourcing.

Booster Compressor

Industry

A secondary compressor used to increase gas pressure in pipelines or processing systems when inlet pressure is too low. Subcontractors are often hired to install, operate, or maintain these units on short-term field assignments. Rental and service contracts for booster compressors are common in late-life field operations.

WTI (West Texas Intermediate)

Industry

A global benchmark crude oil price used to gauge market health and operator spending confidence. When WTI prices drop, clients often freeze or cut field service contracts and budgets. Rising WTI typically signals more work and stronger mobilisation activity for subcontractors.

Laser Surface Ablation

Industry

A surface preparation method using focused laser energy to remove rust, coatings, or contaminants from metal. Subcontractors use it as a cleaner alternative to sandblasting on pipelines and structural steel. It reduces waste disposal costs and meets strict environmental site requirements.

Petrophysical Analysis

Industry

The evaluation of reservoir rock and fluid properties using well log data and core samples. Results determine whether a well is worth completing, directly affecting drilling programme scope and subcontractor workload. Field crews support this work through wireline logging, coring, and fluid sampling operations.

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