Settling System

Pricing arrangements where labour or service rates are automatically adjusted based on preset variables like fuel costs or inflation indices. Common in long-term oil and gas contracts, they reduce rate renegotiation between operators and subcontractors.

A one-time payment made by a client company to shareholders, separate from regular dividends. For subcontractors, it may signal a cash-flush operator likely to fast-track project approvals or expand field budgets. Watch for these announcements when forecasting upcoming contract opportunities.

When a lender cancels part of the original loan balance owed by a subcontractor or field service company. This reduces total debt obligations, improving cash flow for ongoing operations. It differs from interest relief, as it directly lowers the core amount borrowed.

Financing borrowed against a specific project's revenue, not the owner's overall assets. Subcontractors should know this because payment depends on that project performing financially. If the project underperforms, your invoices may be delayed or disputed.

A subcontractor's ability to fund ongoing operations while awaiting payment from a prime contractor or client. It covers payroll, equipment costs, and materials during invoice gaps. Strong bridging capacity keeps crews mobilised and contracts on track without cash shortfalls.

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.

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