FieldNews
Subscribe
Industry Glossary Term

Project Alliance Agreement

A contract where the owner, main contractor, and subcontractors share project risks and rewards collectively. Payment is tied to overall project outcomes rather than individual scope performance. Subcontractors must track costs carefully, as savings and overruns are distributed across all alliance members.

Related Terms

IET (Industrial & Energy Technology)

Industry

A broad sector covering technical services and equipment used in oil & gas, power, and industrial facilities. Subcontractors in this space typically provide specialised labour, maintenance, and installation work. Contracts often require trades certification and site-specific safety compliance.

Interconnection

Industry

The physical linking of two or more systems, pipelines, or electrical networks at a shared tie-in point. For subcontractors, interconnection work often requires strict coordination with the prime contractor and operator. Scope boundaries and handoff responsibilities must be clearly defined in your subcontract.

Generating Capacity (gw)

Industry

The maximum electrical output a power facility can produce, measured in gigawatts (GW). For subcontractors, project scale and crew size requirements are often tied directly to a facility's GW rating. Larger GW projects typically mean longer scopes, more mobilisations, and greater equipment demands.

Phase Gate

Industry

A formal approval checkpoint where a project must meet defined criteria before work advances to the next stage. Subcontractors often cannot mobilise, invoice, or begin new scope until the client clears each gate. Delays at phase gates directly impact crew scheduling and cash flow.

Greenfield

Industry

A project built from scratch on a previously undeveloped site, with no existing infrastructure. For subcontractors, this means longer mobilisation timelines and higher early-stage labour demand. Expect more scope changes and stronger opportunities for long-term contract work.

Interconnection Delay

Industry

A postponement caused by unfinished grid or pipeline tie-in work that prevents a facility from going live. For subcontractors, it often means demobilisation holds, scope gaps, or standby costs with no clear end date. Document all waiting time carefully to support delay claims or change orders.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project by Aimsio