Argentina's large-investment incentive regime offering tax, customs, and currency stability benefits to qualifying mega-projects over USD $200 million. Subcontractors working under RIGI-registered operators may benefit from faster payment cycles and reduced import duties on equipment. Understanding RIGI status helps field service companies anticipate project timelines and negotiate contract terms.
RIGI (Régimen De Incentivo Para Grandes Inversiones)
Related Terms
JHA (Job Hazard Analysis)
ComplianceA written document identifying hazards and controls for a specific task before work begins. Subcontractors are typically required to complete and submit JHAs to the prime contractor or site owner. Failure to have a compliant JHA on site can result in work stoppages or disqualification from bidding.
Designer of Record
ComplianceThe licensed engineer or firm legally responsible for a project's design documents and specifications. Subcontractors must follow their approved drawings exactly — any field changes require written authorisation from the Designer of Record. Deviating without approval can void liability protection and trigger compliance issues.
Underground Utility Strike
ComplianceAn accidental hit to a buried line — gas, electric, telecom, or water — during excavation or drilling. Subcontractors are typically liable for damages, work stoppages, and injuries if proper locates weren't completed. Always confirm valid BC One Call or Alberta One-Call tickets before breaking ground.
Api 580 (american Petroleum Institute Standard 580)
ComplianceA risk-based inspection standard used on oil and gas facilities to prioritise equipment checks by failure likelihood and consequence. Subcontractors may need to align their inspection scopes and documentation to meet API 580 requirements on client sites.
H2s (hydrogen Sulfide)
ComplianceA toxic, flammable gas found on many oil and gas sites that poses serious health and safety risks to field workers. Subcontractors must ensure all personnel hold valid H2S Alive certification before mobilising to affected sites. Failure to comply can result in immediate removal from site and contract penalties.
Indemnity Provision
ComplianceA contract clause that transfers liability for losses, injuries, or damages between parties. Subcontractors are often required to indemnify the prime contractor or operator against third-party claims. Review these clauses carefully, as they can expose your company to costs beyond your scope of work.
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