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Procurement Market Intelligence Report

Coring Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Coring Services?

What is the average price of Coring Services?

This procurement report includes pricing information to help you purchase Coring 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 Coring 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 Coring 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 Coring 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 Coring 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 ?

In 2021, coring services can be procured from more than 200 suppliers. ProcurementIQ estimates that the top four vendors account for about 40.0% of the coring services market, indicating a moderate level of market share concentration. Market concentration has remained relatively stable through 2021 Operators encounter significant start-up costs,... 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?


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?


Have you performed coring solutions for businesses similar to mine? Can you provide a portfolio of similar projects on which you have worked?

Who are your current clients?

How long have you provided coring services to your longest tenured client?

How frequently do you upgrade your machinery and equipment? How does that affect the quality of your services?


How accurate are your time estimates for projects?

What checks and balances are in place to assure that the work is done on time without sacrificing quality?

What is your average turnaround time for projects of this size?

What is your process for working on multiple projects concurrently?

What percentage of your supply chain has been disrupted by the COVID-19 pandemic?

Customer Service

How do you track customer satisfaction?

Do you provide client references?

Have you had major complaints in the past? How have you dealt with them?

What certifications does your staff have, and are there ongoing training sessions?

Additional Services

What additional support services are included in your quoted price?

Do you offer discounts for bundled services, and if so, what are the terms? Which services qualify for the bundled option?

Do you offer discounts for related products such as drill bits?

Could you refer me to another company for related services I may need?

Service Quality

What quality awards have you received, if any?

What is the average recovery rate of your coring services? How has it changed during the past three years?

How much do you annually allocate toward research and development? How does it impact your service rates?

What is the average cutting bit speed of your machinery? Do you anticipate any improvements in the next three years?

Do you have a plan in place should one of your workers contract the coronavirus?


Why are your rates priced 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?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should specify the desired payment terms.

Selection Criteria

Buyers should ensure that suppliers are capable of providing the range of services desired.

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

Project Schedule

Buyers should specify the date when proposals are due and when the award will be announced.

Buyers should specify the required duration of the contract.

Buyers should specify the desired start date of the service.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk for coring services is moderate. Suppliers source the majority of inputs from computer stores, drill bit manufacturers and mining, oil and gas machinery manufacturers. Coring firms rely heavily on complex computer software and equipment to test core samples and analyze and interpret data. While there is... Subscribe to learn more.