VOWD meaning in oil and gas
Definition
Value of Work Done
VOWD means Value of Work Done. VOWD is usually an estimated cost. For example, at any time in a project the "VOWD" is the amount the project is liable to pay for cost incurred for all work actually done up to that point…
VOWD is usually an estimated cost. For example, at any time in a project the "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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