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IndustryGlossary Term

Long-Lead Procurement

The advance ordering of materials or equipment with lengthy manufacturing or delivery timelines. For subcontractors, delays in these items often push back mobilisation dates and affect project cash flow. Always confirm long-lead delivery schedules before locking in your crew start dates.

Related Terms

Self-Build

Industry

A project where the owner acts as their own general contractor, hiring subcontractors directly rather than through a prime contractor. For field service companies, this often means faster access to work but requires closer coordination with the owner. Payment terms and scope changes are negotiated directly, so clear contracts are essential.

Co-Located Power

Industry

On-site power generation placed directly at a worksite, typically using wellhead gas or portable generators. Eliminates reliance on grid connections, which is common on remote oil and gas locations. Subcontractors should confirm power availability and voltage specs before mobilising equipment.

Integrity Management

Industry

A structured programme for inspecting, maintaining, and documenting assets to ensure they remain safe and operational. Subcontractors are often hired to perform integrity work such as corrosion inspection, NDT, and pipeline assessments. Accurate recordkeeping is critical, as clients and regulators require full audit trails.

Straddle Plant

Industry

A midstream processing facility installed along an existing pipeline to extract natural gas liquids like propane and butane. Subcontractors are frequently mobilised for construction, maintenance, and turnaround work at these sites. Work scopes often include compression, refrigeration, and fractionation system servicing.

TEU (Twenty-foot Equivalent Unit)

Industry

A standard shipping container measurement used to calculate freight capacity and logistics costs on large projects. One TEU equals one standard 20-foot container. Subcontractors mobilising equipment or materials to remote sites often quote and invoice freight in TEUs.

Private Activity Bonds

Industry

Tax-exempt bonds issued by governments to finance private infrastructure projects like pipelines or terminals. Subcontractors may work on bond-funded projects, which often carry strict procurement and reporting requirements. Understanding this can affect how you bid and invoice on qualifying jobs.

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