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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 Coring Services?

In 2018, coring services can be procured from an estimated 260 suppliers. ProcurementIQ estimates that the top four vendors account for about 40.0% of the coring services market, which is indicative of a moderate level of market share concentration. Market concentration has remained relatively stable through 2018. Operators encounter... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

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?

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Key elements for every RFP

What should my Coring Services 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 Coring Services 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.

HIGH

MEDIUM

LOW