The Technical Information Management System (TIMS) Company and Bonding applications are Web-based programs that may be used at the option of industry in lieu of paper submittals to:
- Qualify to bid on, hold, or operate an OCS oil and gas or sulphur lease, pipeline right-of-way (ROW) or right-of-use and easement (RUE);
- Update qualification documentation (merger, business conversion, change of name);
- Update company information (including, but not limited to, name of authorized officials, title of authorized officials, address, phone number and website); and
- Submit or update evidence of financial assurance for performance of lease, RUE, or ROW obligations; financial assurance may take the form of a surety bond, Treasury note, letter of credit, trust agreement, or indemnity agreement.
These data management tools will reduce errors through data validation of submitted documents and improve operating efficiency with real–time access to industry information and data. The electronic submittal programs are referred to as the “TIMS Web Company” (covering the first three categories of submittals listed above) and “TIMS Web Bonding” (covering the fourth category).