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Procurement Market Intelligence Report

Editing & Proofreading Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Editing & Proofreading Services?

What is the average price of Editing & Proofreading Services?

This procurement report includes pricing information to help you purchase Editing & Proofreading 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 Editing & Proofreading 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 Editing & Proofreading 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 Editing & Proofreading 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 Editing & Proofreading 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 Editing & Proofreading Services?

Concentration within the editing and proofreading services market is low. In 2019, the top four firms operating in the United States hold a combined market share of less than 30.0%. This low concentration is primarily the result of low barriers to entry and a large number of nonemployer firms. There... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Costs & Fees

If you charge on an hourly basis, is there a guarantee as to the amount of work that will be completed each hour?

What additional fees do you charge for fast turnaround times or technical language?

If a document is poorly edited, how do you rectify the situation, and how quickly can a new draft be turned around? Are there fees?

What amount of work earns a volume discount?

Customer Service

Will I have direct contact with the editor of my work?

How do you track customer satisfaction?

What is the rate of contract renewal or recurring business among your customers?

Can you provide a list of references of current customers? Can you provide a list of past customers that chose not to continue doing business with your company?

How often do you seek feedback from clients?

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Key elements for every RFP

What should my Editing & Proofreading Services RFP include?

Project Budget

Buyers should specify their budget for editing and proofreading services, if available.

Buyers should define payment schedules.

Buyers should request a price list including the various services requested and turnaround times along with their respective costs.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should evaluate suppliers based on the viability of their submitted work plan and relevant experience.

Buyers should request references from current and former clients.

Buyers should evaluate suppliers based on their value-added services and the ability to bundle offerings.

Buyers should also evaluate suppliers based on cost.

For detailed selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should outline when proposals must be submitted.

Buyers should communicate to prospective suppliers when bid awards will be posted.

Buyers should outline the length and terms of the contract and cancellation policy.

Evaluate major factors to mitigate risk

How risky is the Editing & Proofreading Services supply chain?

The risk of input price shocks or discontinuity of service due to supply chain issues is low in the editing and proofreading services market. Vendors require few inputs to provide market services. Additionally, in the event of discontinuity of service, the large number of providers in the market makes it... Subscribe to learn more.

HIGH

MEDIUM

LOW