Meaning of mobilization advance

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kirtipal

kirtipal (Querist)
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27 September 2013 dear friend can you please ask me the meaning of mobilization advance.

thanks

Nikhil Kaushik

Nikhil Kaushik (Expert)
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29 September 2013 Dear Kirtipal,

Mobilization advance is generally paid to contractors for moving their heavy machinery for the execution of a contract.

For eg: in drilling operations, a whole drilling ship needs to be moved to the drilling site. the advance paid to the drilling company for expenses for moving the ship to drilling site are referred to as mobilization expense.

Other examples can be moving of cranes etc.

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