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Procurement Market Intelligence Report

Aeronautical Engineering Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Aeronautical Engineering Services?

What is the average price of Aeronautical Engineering Services?

This procurement report includes pricing information to help you purchase Aeronautical Engineering Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Aeronautical Engineering Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Aeronautical Engineering Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Aeronautical Engineering Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Aeronautical Engineering Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase ?

There are an estimated 2,730 suppliers of aeronautical engineering services in the United States. Currently, the top four suppliers account for less than 30.0% of the market's revenue, indicating low market share concentration. Due to the large number of suppliers in this market and their ability to conduct many phases... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Experience

How long has your company been a provider of aeronautical engineering services?

What is the minimum level of training and education your staff is required to have?

How many projects that are similar to mine have you worked on in the past? What are the most common challenges you run into when working on similar projects?

Can you provide case studies of past projects your company has worked on?

Budgeting

What percentage of your completed projects has had cost overruns? How did those projects proceed?

What cost-saving measures do you implement at your firm?

Who will be in charge of maintaining the budget on projects? How many accounts is this person assigned to at a given time?

How is my company affected by cost overruns that were a result of mistakes made by your engineers?

Competition

Why are your rates higher or lower than your competitors'?

Can you provide testimonials from at least three past and current clients, preferably ones with projects similar to mine?

How do you attract and retain clients?

Do you provide any incentives for long-term clients or returning customers?

Service Performance

How often do you find mistakes or errors in your work? What is done to correct these errors, and what is the average correction time?

How do you measure the quality of your work?

What tools or software do you use to ensure the quality and accuracy of your work?

What type of service guarantees do you offer? What actions do you take if a customer is not satisfied with the results of the project?

What actions have you taken to reduce the risk to your clients and employees during the pandemic? How have these adjustments impacted your ability to carry out your services?

Staff Turnover

What is your staff turnover rate?

How long has each member of the team that will be placed on my project been with your company?

What ongoing training do you provide for your employees?

In the event that someone assigned to my team leaves the company, how will my project be affected?

What does your company do to attract and retain valuable employees?

If a senior staff member on this project leaves the company, will the employee be replaced with an equally qualified person?

Have you had to lay off or furlough employees as a response to pandemic and the resulting economic decline? How has this impacted your ability to provide your services and the quality at which you provide them?

Timeliness

What is your average on-time completion rate?

How many projects do your engineering teams typically take at a given time?

Can you provide me with a timeline of the stages involved with this project?

What is the average turnaround time for a project that is similar to mine?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget for the service.

Buyers should state their preference for a pricing model (fixed price or fixed time and materials).

Selection Criteria

Buyers should ask for a list of references from current and former clients.

Buyers should inquire about the supplier's specialized experience and technical competence in aeronautical engineering.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers need to indicate the date when proposals are due.

Buyers should include the date the contract begins and ends.

Buyers should include any other benchmark dates that are relevant to the project.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for aeronautical engineering services has an overall low level of risk, thus supporting buyer power. They key upstream suppliers include computer wholesalers, industrial machinery and equipment manufacturers and software publishers. Computer wholesalers provide aeronautical engineers with the computers required to run tests, analyze data, make designs and... Subscribe to learn more.

HIGH

MEDIUM

LOW