VOW meaning in oil and gas
Definition
Value of Work (same as VOWD)
VOW means Value of Work (same as VOWD). VOW is usually an estimated cost. For example, at any time in a project the "VOW" or "VOWD" is the amount the project is liable to pay for cost incurred for all work actually done…
VOW is usually an estimated cost. For example, at any time in a project the "VOW" or "VOWD" is the amount the project is liable to pay for cost incurred for all work actually done up to that point in time, whether the invoice for the work has been received or not.
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