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IndustryGlossary Term

Stock Hole

A pre-drilled or existing borehole kept in reserve for future use on a wellsite. Subcontractors may be mobilised to maintain or re-enter stock holes with little advance notice. Knowing a site has stock holes helps crews plan equipment and standby requirements.

Related Terms

Lower 48

Industry

Refers to the contiguous United States, excluding Alaska and Hawaii. For subcontractors, it defines a common work jurisdiction with distinct regulatory, tax, and labour rules from Canadian or Alaskan operations. Mobilisation costs and compliance requirements differ significantly when crews cross into or out of this region.

Incoming Inspection

Industry

A documented check performed when equipment or materials arrive on-site to verify condition, quantity, and compliance with specs. Subcontractors use it to catch damage or shortfalls before work begins. It protects you from being held liable for pre-existing defects.

LNTP (Limited Notice To Proceed)

Industry

A partial greenlight from a client authorising subcontractors to begin limited, specific work before the full contract is executed. It typically covers early mobilisation, procurement, or site prep activities only. Scope and spending are strictly capped, so track your costs carefully to avoid unauthorised overruns.

Differing Site Conditions

Industry

Unexpected ground, soil, or subsurface conditions that differ materially from what the contract documents described. Subcontractors can use this clause to claim additional compensation or time when surprises drive up costs. Always document and notify the general contractor or owner immediately upon discovery.

Hot Mix Asphalt

Industry

HMA (Hot Mix Asphalt) is a paving material combining aggregate and bitumen, mixed and applied at high temperatures. Subcontractors must coordinate tight delivery windows, as HMA cools quickly and becomes unusable. Proper equipment and certified operators are typically required on job sites.

Battery Storage

Industry

Systems that store electrical energy on-site for use during peak demand or grid outages. Subcontractors increasingly deploy these on remote job sites to reduce generator fuel costs. They also support electrified equipment fleets and temporary power setups.

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