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Procurement Market Intelligence Report

Dredging Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Dredging Services?

What is the average price of Dredging Services?

This procurement report includes pricing information to help you purchase Dredging 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 Dredging 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 Dredging 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 Dredging 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 Dredging 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 Dredging Services?

In 2019, an estimated 360 firms provide dredging services in the United States. Overall, concentration is high, with the top four companies accounting for about 70.0% of the market. As such, these top competitors have considerable brand recognition and some control over market prices. However, the primary buyer of dredging... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Relationship with the Buyer

How long have you had your longest-serving client?

What are the strongest incentives buyers have for securing long-term, repeat business with your firm?

What is the biggest reason for clients deciding not to seek repeat business with your company?

What do you consider the most significant benefits from developing long-term relationships with clients?

Employee Turnover

What is your average turnover rate for employees?

What incentives do you offer your employees to reduce the likelihood of turnover?

How do you mitigate the adverse effects of employees leaving mid-project?

What measures do you take to reduce the learning costs associated with assigning new employees to a project?

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Key elements for every RFP

What should my Dredging Services RFP include?

Project Budget

If a government entity, buyers should provide information regarding the department that is in charge of determining the budget and providing funding.

Buyers should provide an estimate of their budget.

Buyers should provide an acceptable range for contingency costs.

Buyers should state their desired pricing model for the services (i.e. fixed cost or time and materials)

Selection Criteria

Buyers should provide a main point of contact that will be involved in the evaluation process.

Buyers should evaluate suppliers based on their ability to carry out the necessary services and how they have performed with similar services in the past.

Buyers should consider the supplier's level of customer service.

Buyers should consider the price of the services, including additional costs that may occur and how the supplier handles cost overruns.

Project Schedule

Buyers should include a detailed outline of the key dates that pertain to the RFP process, including the date to submit questions, the date to inspect facilities, the date of which questions will be answered and the final proposal deadline.

Buyers should provide an estimate of when final service provider selection will be made.

Buyers should provide a timeline of key dates once the vendor is selected and the project is underway, such as the date that suppliers can transport their equipment to the site and the date services will begin.

Buyers should state the length of the contract and the frequency in which services will be provided (e.g. monthly, weekly, ongoing).

Evaluate major factors to mitigate risk

How risky is the Dredging Services supply chain?

The supply chain associated with dredging services has a low level of risk. Generally, key first tier upstream suppliers present minimal risk to the supply chain. Service providers rely on boat manufacturers and machinery manufacturers to provide necessary equipment to carry out operations; therefore, issues in the supply of these... Subscribe to learn more.

HIGH

MEDIUM

LOW