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Industry Glossary Term

Multiple-Award Contract

A procurement arrangement where a client awards contracts to several qualified subcontractors simultaneously. Each awarded vendor is eligible to compete for individual task orders as work is released. It creates no guaranteed volume, so subcontractors must continue bidding to secure actual revenue.

Related Terms

Abrasive Blasting

Industry

A surface preparation method that uses high-pressure propelled media (sand, steel grit, or slag) to clean and profile metal surfaces before coating or painting. Subcontractors performing this work typically require specialised equipment, trained operators, and site-specific permits. It is common in pipeline, vessel, and structural steel maintenance scopes.

Capital Discipline

Industry

When operators strictly control spending and delay or cancel projects to protect their balance sheets. For subcontractors, this means fewer awarded contracts, reduced scopes, and tighter bid competition. Expect slower mobilisation timelines and more rigorous cost justification from clients.

TD (Total Depth)

Industry

The maximum depth reached by a drilling rig during well construction, measured from the surface to the bottom of the wellbore. For subcontractors, TD determines project scope, equipment requirements, and billing milestones as it marks the completion of the drilling phase.

Pneumatics

Industry

Systems that use compressed air or gas to power tools, actuators, and control valves on job sites. Subcontractors working with pneumatic equipment must ensure proper pressure ratings and fittings are maintained. Common in instrumentation, pipeline, and heavy construction scopes.

Hydrovac

Industry

A truck-mounted unit that uses pressurised water and a vacuum system to excavate soil safely around buried utilities. Subcontractors are frequently hired for hydrovac work on pipeline, civil, and utility projects. It is preferred over mechanical digging in areas with high strike risk.

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.

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