Learn about actual and potential costs
How much should I pay for Court Reporting Services?
What is the average price of Court Reporting Services?
This procurement report includes pricing information to help you purchase Court Reporting 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 Court Reporting 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 Court Reporting 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 Court Reporting 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 Court Reporting 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 ?
Market share concentration among court reporting service suppliers is low and has remained fairly stable in the three years to 2021. Low concentration is primarily due to low barriers to entry and a large number of small suppliers that comprise the majority of the market. There are an estimated 3,400... 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?
What are your criteria for employment?
On average, how many years of experience do your reporters have?
What degree of education is most common among your reporters?
What certifications do you require of your reporters?
May I specify the criteria I want in the reporters with whom I work?
How do you ensure the accuracy and quality of your services?
How much advance notice do you need to supply a reporter?
How many reporters are you capable of providing at one time?
How long is your average turnaround time for transcriptions?
How do you balance quick turnaround times with maintaining the highest possible accuracy?
What type of subject matter do you specialize in reporting, if any?
Do you offer reporters certified in real-time transcription?
What percentage of your business comes from buyers in my industry?
Are you able to subcontract specialized reporters, if needed?
Costs & Fees
Do your service prices include transcription and stenographic services, or is transcription billed separately?
Is there a minimum number of hours charged for reporting services?
Is there a set number of words or lines guaranteed per page included in the per-page charge for transcripts?
Are transportation costs included in the service price?
Reliability & Customer Support
What do you do to track customer satisfaction?
What is the rate of recurring business among your customers?
How often do you seek feedback from clients?
What is your process for dealing with customer problems and complaints?
What types of guarantees do you offer against no-show reporters?
Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle changing demand?
How does your firm maintain a competitive edge?
What is your reputation among customers, and how have you developed it?
How do you attract new clients and retain existing clients?
How do you market your services to potential clients? Do you rely heavily on repeat buyers?
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Key elements for every RFP
What should my RFP include?
Buyers should request a price list, including various services and transcript turnaround times (if required) along with their respective costs.
Buyers should define payment schedules.
Buyers should clearly indicate the terms for travel compensation.
Buyers should request a list of any and all additional fees associated with purchasing from the supplier.
Buyers should evaluate suppliers based on their personnel qualifications, past work experience and financial standing.
Buyers should request references from current and former clients.
Buyers should also evaluate suppliers based on cost.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline when proposals must be submitted, typically about one month following the release of proposal.
Buyers should communicate to prospective suppliers if and when presentations will be made by proposers.
Buyers should communicate to prospective suppliers when bid awards will be posted.
Buyers should indicate the desired service term start date and duration of the contract.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The risk of input price shock or discontinuity of service due to supply chain problems is low in the court reporting services market. Vendors require few inputs to provide their services. Additionally, the large number of court reporters in the market makes it easy for buyers to change vendors, thus... Subscribe to learn more.