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Procurement Market Intelligence Report

Geotechnical Engineering Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Geotechnical Engineering Services?

What is the average price of Geotechnical Engineering Services?

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

According to ProcurementIQ estimates, there are 13,930 providers of geotechnical engineering services in 2019. The market is highly fragmented, whereby the top four suppliers account for less than 30.0% of market revenue. However, merger and acquisition (M&A) activity has intensified in the market during this period, fueling some consolidation. For... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Outsourcing

What outside consultants, laboratories or contractors are you planning to involve in the project? How will their involvement affect the price and timing of the project?

What criteria do you use to select your outside vendors?

How often do you use the same vendors?

What role do you allow your clients to play in selecting the outside vendors you use?

Contract

What is the reasoning behind the pricing model you plan to apply to my project? Would you consider applying any other pricing models to my project?

Are there any additional charges I should be aware of that will be incurred throughout the design process?

How much do I have to pay up front? What type of cancellation clause does your proposal include should either party decide it necessary to cancel the contract?

What factors could potentially increase the initial price quote? What steps can be taken to ensure that the price does not increase?

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Key elements for every RFP

What should my Geotechnical Engineering Services RFP include?

Project Budget

Buyers should specify their total budget for the service.

Buyers should state their preference for a pricing model.

Buyers should specify the funding sources or requirements.

Selection Criteria

Buyers should ask for a list of references from current and former clients.

Buyers should ensure the proximity of suppliers to reduce lead times.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers need to indicate the date when proposals are due.

Buyers should include the date when the contract begins and ends.

Buyers should include any other relevant dates such as walkthroughs and site visits.

Evaluate major factors to mitigate risk

How risky is the Geotechnical Engineering Services supply chain?

The supply chain risk for geotechnical engineering services is low. Key first tier suppliers include computer wholesalers, industrial machinery and equipment manufacturers, laboratory equipment wholesalers and software publishers. With the exception of second tier suppliers of iron and steel inputs, the remainder of upstream suppliers are exposed to negligible levels... Subscribe to learn more.

HIGH

MEDIUM

LOW