Factory-manufactured concrete sections delivered to site ready for installation. Subcontractors handle lifting, positioning, and anchoring rather than forming and pouring. Speeds up schedules but requires certified rigging crews and heavy lift equipment.
Precast Concrete Panels
Related Terms
Refinery Throughput
IndustryThe volume of crude oil a refinery processes over a set period, typically measured in barrels per day. Higher throughput means more maintenance, turnaround, and inspection work for subcontractors. Expect busier scopes and tighter schedules when a client ramps up processing capacity.
Long-Lead Procurement
IndustryThe 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.
Mobilization/Demobilization
IndustryThe process of moving equipment and personnel to a job site (mobilization) and returning them afterward (demobilization). Often billed as separate line items.
Royalty Rate
IndustryThe percentage of resource revenue an operator pays to the Crown or landowner before profits are calculated. High royalty rates can reduce operator budgets, directly affecting subcontractor hiring and field service spending. Understanding local royalty structures helps subcontractors anticipate project volumes and client cash flow.
Service Company
IndustryA company that provides specialized services to oil and gas operators, such as drilling, completions, workover, transportation, or maintenance. Also called oilfield services (OFS).
Tieback
IndustryA structural anchor or connection point used to secure equipment, pipelines, or wellheads back to an existing infrastructure system, commonly referenced in subcontractor scopes of work when connecting new installations to live or existing lines. Subcontractors should confirm tieback specifications and isolation procedures clearly in their contracts, as this work often involves elevated risk and may require additional certifications or permits.
Latest Industry News
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When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
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