FieldNews
Subscribe

Daily oil & gas and construction news for subcontractors

ComplianceGlossary Term

RIGI (Régimen De Incentivo Para Grandes Inversiones)

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.

Related Terms

Excavation Damage Prevention

Compliance

The process of locating and marking buried utilities before any ground-breaking work begins. Subcontractors are legally required to call before you dig under provincial one-call regulations. Failure to comply can result in fines, project shutdowns, and liability for repair costs.

Binding Arbitration

Compliance

A dispute resolution process where both parties agree to let a neutral third party make a final, legally enforceable decision. Subcontractors often encounter this clause in master service agreements with operators. Unlike court proceedings, the arbitrator's ruling cannot typically be appealed.

29 Cfr 1926 Subpart P

Compliance

The U.S. OSHA excavation and trenching standard that subcontractors must follow on American job sites. It requires protective systems for any trench deeper than five feet. Non-compliance can result in stop-work orders, fines, and contract termination.

Psychological Safety

Compliance

A work environment where crew members feel safe to report hazards, mistakes, or concerns without fear of punishment or ridicule. For subcontractors, it reduces incident rates and improves site communication. Crews with high psychological safety are more likely to flag near-misses before they escalate.

Hazcom (hazard Communication Standard)

Compliance

A regulatory requirement mandating that workers are informed about hazardous chemicals on site through labels, Safety Data Sheets, and training. Subcontractors must maintain compliant SDS binders and ensure crews are trained before handling any hazardous materials. Non-compliance can result in site removal or fines from regulators like WorkSafeBC or the OHS.

Spotter

Compliance

A designated worker who guides equipment operators during lifts, reversing, or blind manoeuvres to prevent accidents. Subcontractors are often required to supply certified spotters as part of site safety plans. Failing to have one on-site can halt work and trigger compliance issues.

Stay sharp on field operations

Industry news and insights, delivered to your inbox.

Subscribe to FieldNews
A community project byAimsio