Learn about actual and potential costs
How much should I pay for Engine Rebuilding & Remanufacturing Services?
What is the average price of Engine Rebuilding & Remanufacturing Services?
This procurement report includes pricing information to help you purchase Engine Rebuilding & Remanufacturing 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 Engine Rebuilding & Remanufacturing 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 Engine Rebuilding & Remanufacturing 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 Engine Rebuilding & Remanufacturing 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 Engine Rebuilding & Remanufacturing 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 ?
The engine rebuilding and remanufacturing services market has a low level of market share concentration, indicating the top four vendors account for less than 20.0% of total market revenue in 2021. Engine rebuilding and remanufacturing is a highly labor-intensive process, with each engine requiring individual attention from a highly trained... 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?
How many years have you been operating in the engine rebuilding market?
How long have you been serving your longest-tenured client?
How often do you receive repeat business?
On average, how long have your employees been working in the industry?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
How do buyers typically transport their engines to and from your business?
Do you provide your own transportation? If so, how much does this service cost?
Can I store my engine at your business before or after the service is actually performed?
Have you had any issues with transportation in the past? If so, how did you resolve them?
What certifications do you currently possess? Can you provide documentation for these?
How long ago did you receive these certifications?
Have you ever had a certification revoked? If so, why?
What types of certifications or awards are you aspiring to earn in the next three years?
How many different processes are you capable of performing?
Do you own machines that are designed to deal with the specific damage found in my engine?
Do you provide replacements or upgrade parts for my engine?
How many engines like mine have you rebuilt in the past three years?
How precise are your machines? What tolerances can you achieve?
What types of quality control procedures do you have in place?
How will my rebuilt engine perform when compared to a new engine?
Can you increase my engine's performance using special machining and upgraded parts?
How have your quality and performance of your remanufactured parts been impacted by the coronavirus pandemic?
What is your current backlog of orders? How will this affect my engine rebuild?
What is your average turnover time for my type of job?
Do you have all required parts and materials in stock?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How have you improved your turnover time in the past three years?
How have your production lead times been affected by supply chain disruptions and business restrictions?
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Key elements for every RFP
What should my RFP include?
Buyers should disclose their total budget for engine rebuilding and remanufacturing services.
Buyers should provide concerns over cost overruns and propose cost contingencies.
Buyers should indicate their preferred payment method and timeline.
Buyers should evaluate the experience and qualifications of prospective vendors.
Buyers should give preference to vendors capable of offering competitive service prices.
Buyers should assess potential vendors on the estimated time it will take them to complete the scope of the project.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should specify the final date by which bid proposals will be accepted for consideration.
Buyers should state their expectations for the completion of service once the RFP has been awarded.
Evaluate major factors to mitigate risk
How risky is the supply chain?
There is a moderate level of supply chain risk in the engine rebuilding and remanufacturing services market. The market is highly fragmented, helping to reduce risk by curbing the dependence on any single supply chain operator and providing buyers with an array of options when purchasing services. Of upstream suppliers,... Subscribe to learn more.