A drilling method that creates vertical or inclined shafts by reaming upward from a pilot hole. Subcontractors use it for ventilation shafts, ore passes, and utility corridors. It requires specialised rigs and certified crews, affecting your equipment and labour bids.
Raise Boring
Related Terms
Mud Logging
IndustryA well-site service that monitors drilling fluid returns to detect hydrocarbons and analyse formation data in real time. Subcontractors provide specialised technicians and instrumentation units for this work. It is commonly scoped as a standalone package within a drilling contract.
Re-Export (crude)
IndustryCrude oil imported into one country and then shipped out to another without being refined domestically. For subcontractors, re-export activity drives short-term terminal, marine, and logistics work. Contract volumes can spike quickly, so crews and equipment must be mobilisation-ready.
Progressive Design-Build
IndustryA project delivery method where design and construction phases overlap, with the owner and contractor collaborating before scope is fully defined. Subcontractors are often brought on early, meaning scope, pricing, and schedules can shift as design matures. Contracts may be cost-reimbursable at first, then convert to fixed-price once scope is confirmed.
Dry Dock
IndustryA scheduled period when a marine vessel is removed from service for inspection, repairs, or maintenance. For subcontractors, dry dock signals a concentrated burst of work — hull cleaning, mechanical repairs, and compliance checks. Scope can be substantial, so resource planning and contract clarity are critical.
IEA (International Energy Agency)
IndustryAn intergovernmental organisation that publishes global energy outlooks and demand forecasts, which subcontractors and field service companies use to anticipate shifts in upstream and downstream activity levels that may affect project pipelines and contract opportunities.
Displacement Rate (fuel)
IndustryThe volume of fuel consumed per unit of work output by equipment or vehicles on a job site. Subcontractors use this figure to forecast fuel costs and validate reimbursement claims. Tracking it helps flag inefficient equipment before overruns hit your margins.
Latest Industry News
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AEP raised its five-year capital plan to $100 billion, with $37 billion for transmission and $20 billion for gas generation. A 10.4-GW Ohio data center campus drives the load growth, and three 765-kV lines are slated for 2028 through 2030.
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