Glossary Category: Property & Transaction Terms
Property & Transaction Terms is about:
Terminology used during property purchases, site evaluations, and well planning for new construction. These definitions explain well adequacy, flow rate tests required by banks, site evaluation procedures, worst-case scenario bidding, and the differences between residential, commercial, and agricultural well projects.
Agricultural wells — also called irrigation wells or farm wells — are designed to produce significantly higher GPM than residential wells to meet the water volume demands of farming operations. Common agricultural well applications include center pivot or drip irrigation systems for crops, stock watering for cattle, poultry, or other livestock, greenhouse operations, and aquaculture.…
Commercial well drilling addresses the water supply needs of non-residential properties — including commercial buildings, multi-family housing developments, resorts, businesses, and industrial sites. Commercial wells are typically engineered for higher GPM output than residential wells to meet the volume demands of multiple users or commercial processes. The permitting process is more complex than residential permitting,…
A flow rate test (also called a GPM test or well yield test) is a pump test conducted on an existing or newly drilled well to measure its water production rate over a defined period. For real estate and construction loan purposes, the test produces a documented GPM figure that lenders use to verify the…
A new construction well is drilled during the development phase of a property before or during building construction. Timing is critical: the well must be drilled and permitted, and a GPM test must be completed and documented before construction loan approval or building permit issuance in many Idaho jurisdictions. The well is typically drilled in…
Residential well drilling is the process of creating a new private water well for a single-family home, duplex, or small residential property in an area without municipal water access. The full process includes a site evaluation to assess geology and setback compliance, IDWR permit application, mobilization of the drill rig, drilling to the required depth,…
A site evaluation (also called a site survey or site assessment) is Trident Drilling’s standard pre-drilling process. It involves a physical visit to the property to assess: probable subsurface geology and aquifer type based on location and available data; setback compliance — the distances from the proposed drill location to septic systems, fuel tanks, animal…
Well adequacy is an assessment — often performed as part of a well inspection — that determines whether a well’s yield (GPM), water quality (potability), and system condition collectively meet the requirements for the property’s intended use. For a residential property, adequacy typically means the well produces at least the lender’s minimum GPM threshold, water…
A well inspection is a comprehensive assessment of an existing water well and its components conducted by a licensed professional. The inspection evaluates: the wellhead’s physical condition (casing height, cap integrity, surface drainage); the well log documentation and construction history; current static water level compared to the well’s original recorded level; a pump test to…
Worst-case scenario bidding is the estimating methodology Trident Drilling uses for all well drilling projects. Rather than providing a low attractive estimate based on the best-case (shallow) well depth and then billing significantly more when depth exceeds expectations, Trident provides an estimate range that includes what the project would cost if the well must be…