A project delivery model where government and private companies jointly fund and develop infrastructure like pipelines, roads, or facilities. Subcontractors often work under large prime contractors who hold long-term P3 concession agreements. Payment structures and scope changes can be complex, so review contract terms carefully before mobilising.
P3 (public-Private Partnership)
Related Terms
Rig Release
IndustryThe formal point when a drilling rig is demobilised and the operator ends the rig contract. For subcontractors, it signals the close of associated scopes of work and triggers final invoicing. Crew demob, equipment retrieval, and close-out documentation should begin immediately.
IIJA (Infrastructure Investment and Jobs Act)
IndustryA 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.
Coal Bed Methane
IndustryCBM (Coal Bed Methane) is natural gas extracted from coal seams rather than conventional reservoirs. Field crews typically handle dewatering operations, pipeline tie-ins, and wellsite maintenance on CBM projects. Work is often spread across large numbers of shallow, closely spaced wells requiring frequent travel between sites.
Farm-Out
IndustryA farm-out occurs when an operator transfers part of its working interest in a well or lease to another company. For subcontractors, this can mean a change in who issues your work orders, purchase orders, or payment approvals mid-project. Always confirm the new operator's billing procedures and verify your contract remains valid under the new arrangement.
Telehandler
IndustryA versatile, telescoping-boom forklift used on job sites to lift and place materials at height or over obstacles. Subcontractors commonly use telehandlers for offloading deliveries, staging equipment, and accessing elevated work areas. Operators typically require provincial certification to run one on a regulated site.
Fractionating Tower
IndustryA large vertical vessel at refineries and gas plants that separates hydrocarbons into usable products like propane, naphtha, and diesel. Subcontractors are frequently called in for turnaround maintenance, inspection, and refractory work on these units. Access planning and confined space protocols are critical for any scope inside the tower.
Latest Industry News
Bird Construction Racks Up $1B in New Awards Across Nuclear, Marine, Mining and Schools
Bird Construction has landed roughly $1 billion in new project awards and agreements spanning nuclear, marine, mining, industrial and education work across Canada, with specific packages opening in B.C., Alberta, Quebec and Alberta's school P3 program.
2 months agoIndustrySkanska and Granite Win $80M Ruling Against Lane in Florida I-4 Megaproject Dispute
A federal appeals court has affirmed an $80 million judgment stemming from the troubled $2.3 billion I-4 Ultimate P3 project in Florida, offering a rare look at how joint venture disputes can spiral when partner incentives diverge.
3 months agoIndustryBaker Hughes Lands Compression, Liquefaction Orders for Venture Global's Gulf Coast Buildout
Baker Hughes secured orders to supply gas compression for the Cloud Connector Pipeline and modular liquefaction equipment for Plaquemines LNG, expanding Venture Global's Louisiana infrastructure footprint.
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