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Cash FlowGlossary Term

Seasonal Norms

Expected fluctuations in workload, crew demand, and billing cycles tied to specific times of year. In oil & gas and construction, busy seasons drive higher rates and faster payments. Slow seasons often mean delayed invoices, reduced headcount, and tighter cash flow.

Related Terms

Price and Proceed

Cash Flow

A directive where a contractor is authorised to begin work before a formal purchase order is issued. The subcontractor agrees on a price verbally or in writing, then mobilises immediately. Common in urgent field situations, but carries payment risk if terms aren't confirmed in writing.

Drinking Water State Revolving Fund (dwsrf)

Cash Flow

A U.S. federal loan programme funding municipal drinking water infrastructure upgrades. Subcontractors often access steady pipeline and treatment plant work through DWSRF-backed projects. Expect strict regulatory compliance requirements and public-sector billing cycles on these contracts.

Phased Handover

Cash Flow

A structured process where completed sections of a project are formally transferred to the client in stages rather than all at once. Each phase triggers its own inspection, sign-off, and often a progress payment. Subcontractors must track completion milestones carefully to avoid billing delays.

Triple-Net Lease

Cash Flow

A property lease where the tenant pays rent plus property taxes, insurance, and maintenance costs. Subcontractors leasing yard space, shops, or staging areas often encounter this structure. Budget carefully — these added costs can significantly impact project overhead.

Dayrate Model

Cash Flow

A pricing structure where subcontractors charge a fixed daily rate for equipment, personnel, or services regardless of output. Rates are negotiated upfront and apply for each calendar or operational day on site. This model gives field crews predictable revenue but ties income directly to days worked, not project milestones.

Standby (standby Time)

Cash Flow

Time when a subcontractor's crew or equipment is on-site but unable to work due to client-caused delays. Most contracts allow billing at a reduced standby rate during this period. Tracking and documenting standby time is critical to recovering these costs.

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