Senior Secured Notes

The point when a client formally accepts and begins using delivered equipment or a completed scope of work. For subcontractors, this date often triggers final billing milestones or warranty periods. Confirm it in writing to protect your payment rights.

The average number of days it takes to collect payment after a sale. For field service companies, DSO measures how long between completing work and receiving payment. Industry benchmarks range from 30-60 days.

A company that hires subcontractors directly, without a staffing agency or broker in between. This typically means faster payments and clearer communication on scope and rates. Subcontractors often secure better margins by working with direct connectors.

The legal and financial obligation to properly plug and decommission a well at end of life. For subcontractors, unpaid invoices near abandonment projects carry higher collection risk. Operators may deprioritise vendor payments as they wind down a well's operations.

A fixed-price contract where the subcontractor delivers a completed scope of work for one agreed total. All cost overruns come out of your margin, not the client's pocket. Scope creep and unforeseen site conditions are your financial risk to manage.

The division of costs, revenue, or liability between multiple parties on a shared project or contract. Subcontractors encounter this when overhead costs or insurance claims are split across several work scopes or prime contractors. Clear apportionment terms in your contract protect against unfair cost allocations.

What Happens to Subcontractor Billing When a Project Stalls, Goes Over Budget, or Never Gets Commissioned

You did the work. The project was cancelled, shelved, or never activated. Here is what subcontractors need to know about billing rights, legal remedies, and how to get paid when no one wants to discuss the invoice.

Post-Completion Warranty and Punch Work: Protecting Your Margins After the Job Ends

Warranty walks, punch lists, and post-completion callbacks eat into subcontractor margins. Learn how MSA warranty clauses work, when you can push back on mobilization costs, and how to document your way out of disputes.

Mechanic's Lien Rights for Subcontractors: What to Do When You're Not Getting Paid

A practical guide to mechanic's lien and materialman's lien rights for oilfield and construction subcontractors in Texas, Oklahoma, and Alberta — deadlines, filing steps, and leverage tactics.