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Procurement Market Intelligence Report

Engineering Testing Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Engineering Testing Services?

What is the average price of Engineering Testing Services?

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

The top four suppliers of engineering testing services (SGS, Intertek, Bureau Veritas and Underwriters Laboratories) account for an estimated 18.6% of total market share in 2019, indicating a low level of market share concentration. There are currently about 5,000 providers of engineering testing services in the United States. Although the... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Payment

What is the typical turnaround time for your services? Is it possible to expedite lead time? If so, how much would it cost?

What is the payment schedule?

How are surprise expenses factored into the payment schedule?

What alternative fee structures does your company offer?

What can we do to ensure that the final price does not increase?

Work Routine

Will you be working on multiple projects during this time or just our project?

How are you planning on organizing this project in terms of milestones?

How often can I expect progress reports?

Do you work continuously until the project is completed?

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Key elements for every RFP

What should my Engineering Testing Services RFP include?

Project Budget

Buyers should explicitly state the amount of the contract award.

Buyers should explain whether they expect to pay for services after each project or at some other point during the life of the contract.

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay.

Selection Criteria

Buyers should evaluate the experience of the engineers that will be assigned to the testing services.

Buyers should make sure the provider offers appropriate engineers that have the expertise needed for the project.

Buyers should evaluate providers based on the estimated costs of the engineering testing services they are offering.

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

Project Schedule

Buyers need to include the date proposals are due and when award information will be available.

Buyers should provide the timeline of the project.

Buyers should also include any other benchmark dates relevant to the project that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the Engineering Testing Services supply chain?

Buyers of engineering testing services face a low level of supply chain risk. Testing firms rely on complex computer software and specialized equipment to evaluate materials and measure and interpret data from buildings, structures, soil conditions and the environment. While consolidation of firms in the computer and software industries has... Subscribe to learn more.

HIGH

MEDIUM

LOW