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Daily oil & gas and construction news for subcontractors

IndustryGlossary Term

LOL (Limitation of Liability)

A contract clause capping the maximum amount a party can be held responsible for if something goes wrong. For subcontractors, this limits financial exposure from claims, damages, or project losses. Always review these caps carefully — they may be set far below your actual risk.

Related Terms

T&D (Transmission and Distribution)

Industry

The network of high-voltage power lines, towers, substations, and local distribution lines that move electricity from generators to end users. Subcontractors in this sector handle tasks like line construction, pole installation, and substation work. T&D projects are often awarded through utility frameworks or provincial grid operators.

Trade Contractor

Industry

A specialised subcontractor hired to perform a specific skilled trade, such as electrical, welding, or pipefitting. They are typically engaged by a general contractor rather than the project owner directly. Trade contractors are responsible for supplying their own tools, crew, and trade-specific certifications.

PCP (Progressive Cavity Pump)

Industry

A rotary pump used in oil and gas production to lift heavy or viscous fluids from wellbores. Subcontractors are frequently hired for PCP installation, maintenance, and rod-string servicing. Familiarity with drive heads, stators, and rotors is essential for field technicians working these jobs.

Bakken Play

Industry

A major tight-oil producing region spanning North Dakota, Montana, and southern Saskatchewan and Manitoba. Subcontractors working here should expect high-volume horizontal drilling and multi-stage fracturing scopes. Seasonal road bans and remote logistics significantly impact crew mobilisation and equipment scheduling.

Alternative Delivery Models

Industry

Contracting arrangements beyond traditional lump-sum or day-rate structures, such as alliance, integrated project delivery, or performance-based contracts. These models shift how subcontractors are engaged, paid, and held accountable for outcomes. Understanding them helps field service firms assess risk, pricing strategy, and scope responsibilities before signing.

GWD (Getting Work Done)

Industry

A safety and compliance management system used by some operators to pre-qualify and manage contractors working on their sites.

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