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Industry Glossary Term

Run/repair/replace

A decision-making framework used to evaluate whether aging or damaged equipment should continue operating, be repaired, or be swapped out entirely. Subcontractors are often called in to assess assets and execute whichever option the client authorises. Understanding this process helps field crews scope work accurately and avoid scope creep on site.

Related Terms

MEP (Mechanical, Electrical, and Plumbing)

Industry

Refers to the three core building systems subcontractors install and maintain on construction and industrial facility projects. MEP scopes are often divided among specialised trades, each holding separate contracts or working under a prime contractor. Understanding MEP divisions helps subcontractors define their scope, avoid overlap disputes, and price work accurately.

Embankment

Industry

A raised earthen structure used to support roads, pipelines, or equipment pads on unstable or uneven terrain. Subcontractors often work on or around embankments during site prep, grading, and pipeline installation. Stability assessments may affect crew access and equipment positioning.

Begin Actual Construction

Industry

The point when physical site work starts, triggering contract milestones, mobilisation schedules, and billing periods for subcontractors. It typically marks when crews, equipment, and materials must be on-site and ready. Delays to this date directly affect subcontractor cash flow and resource planning.

EVA (Extreme Value Analysis)

Industry

A statistical method used to predict the likelihood of rare but severe events, such as equipment failures or extreme weather. Field service contractors use EVA to assess project risk and plan contingency resources. It helps justify standby equipment costs and mobilisation buffers in contract negotiations.

Transit-Active Construction

Industry

A project phase where construction work is ongoing while equipment or materials are still in transit to the site. Subcontractors must coordinate mobilisation and scope carefully to avoid costly downtime waiting on delayed deliveries. Billing milestones and crew schedules should account for this overlap.

Rod Exchange

Industry

A scheduled swap of sucker rods in a pumping well, typically requiring a pulling unit crew and rod handling equipment. Subcontractors are often engaged on a per-job or dayrate basis to complete the workover. Accurate job scoping matters, as rod counts and depths directly affect mobilisation time and invoicing.

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