A confidential tender submission where subcontractors submit pricing without knowing competitors' rates. All bids are opened simultaneously by the hiring company. This process is common in public sector and large operator contracts across oil and gas and construction.
Sealed Bid
Related Terms
Frac Sand Hauling
IndustryThe trucking of proppant (silica sand) from storage terminals to active frac sites. Subcontractors operate on tight dispatch schedules to maintain continuous sand supply during pumping operations. Contracts often include standby rates for wait time at the wellsite.
Waterflood
IndustryA secondary recovery method where water is injected into a reservoir to push remaining oil toward producing wells. Subcontractors support waterflood projects through injection well services, pump maintenance, and water handling infrastructure. Work scope can be long-term, offering stable recurring contracts.
Multi-Zone Testing
IndustryA well evaluation process where multiple reservoir intervals are tested separately in a single wellbore operation. Subcontractors must coordinate pressure testing, fluid sampling, and equipment rigging across several zones. Scope changes between zones can affect crew hours, tool rentals, and invoicing significantly.
Custody Transfer
IndustryThe formal handover point where ownership or responsibility for a measured quantity of oil, gas, or other product moves from one party to another — typically triggering billing, invoicing, or contractual obligations for subcontractors involved in metering, transport, or handling operations. Field service crews working custody transfer points must ensure measurements are accurate and fully documented, as discrepancies can directly affect client invoices and liability.
Rig Count
IndustryThe number of drilling rigs actively operating in a region. Published weekly by Baker Hughes, the rig count is a leading indicator of activity levels in the oil and gas industry.
Pumping Station
IndustryA facility that moves oil, gas, or water through a pipeline using mechanical pumps. Subcontractors are frequently mobilised here for maintenance, inspection, and equipment upgrades. Work scope often includes rotating equipment, instrumentation, and civil trades.
Latest Industry News
Aecon-Led Alliance Wins First Civil and Utility Contract for Hamilton LRT
Hamilton Transit Alliance, led by Aecon Infrastructure Inc., has been awarded the first major civil and utilities package for the $3.4 billion Hamilton LRT project in Ontario, covering sewer, watermain, road, and traffic signal work along the 14-kilometre route.
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20 hours ago IndustryWhitecap Resources Claims 10 of Top 15 Alberta Wells in March IP Data
Initial production data for March shows Whitecap Resources dominating Alberta's top well rankings, with 10 of the top 15 oil and condensate wells coming from its Montney operations at Elmworth and Kakwa.
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yesterdayRelated Guides
How Operator Mergers and Acquisitions Affect Your Subcontract Agreements
When operators merge, get acquired, or sell assets, subcontractor agreements are caught in the middle. Learn how M&A activity affects your MSA, payment terms, vendor status, and what to do before, during, and after a deal closes.
Industry GuideHow Rig Count Trends Affect Subcontractor Demand and What to Do About It
Rig counts are the earliest signal of where field service work is heading. Learn how to read drilling activity trends, anticipate demand shifts, and position your crew before the phone stops ringing.
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An AFE (Authorization for Expenditure) controls every dollar spent on an oilfield project. Learn how it affects your billing, change orders, and cash flow as a subcontractor.
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