Learn about actual and potential costs
How much should I pay for Inflow Control Devices?
What is the average price of Inflow Control Devices?
This procurement report includes pricing information to help you purchase Inflow Control Devices. 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 Inflow Control Devices 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 Inflow Control Devices 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 Inflow Control Devices?
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 Inflow Control Devices 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 ?
ProcurementIQ estimates that the top four suppliers of ICDs currently account for over 50.0% of the market, indicating a high level of concentration. ICDs are only available from an estimated 48 suppliers, which heavily restricts buyer power by limiting buyer options and reducing competition among vendors. The fairly specialized nature... 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?
Can you provide a list of completion systems you have implemented in wells in the past three years?
Will you help design and build customized products?
In what ways are you more knowledgeable and experienced in ICD systems than your competitors?
Could you provide a list of client references, along with contact information?
In the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
How many suppliers do you source your raw materials from?
If supply shortages for raw materials or key components occurred, how would you ensure your clients received their ICD systems?
How do you mitigate sudden price increases in raw materials?
What is your full range of products and services?
Do you offer any complementary products or services with the purchase of this equipment? If so, what are they? Do I have options?
Are there any incentives to bundling related services and products? If so, what are they?
What promotional deals exist for bulk buyers?
Are there any other products and services that should be purchased in addition to your ICD system?
Can you recommend any additional products or services that would increase the functionality of your ICD system?
Are the costs of the additional services needed to change the equipment's performance included in the price?
Can you provide a performance overview of the well comparing your different ICD systems?
Service & Maintenance
What do your warranties cover?
Do you offer maintenance and repair services? If not, can the service be included at an additional cost?
How quickly can your technicians be on site if support or repair is required?
What is the anticipated useful life of your equipment? Are there any instances or circumstances that would significantly reduce the useful life?
What proportion of revenue is dedicated to research and development?
Do you have ISO certification? Are your systems audited and reviewed regularly?
How does your product quality differ from that of your competitors? What sets your equipment apart?
What types of technical issues have you experienced with this equipment?
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Key elements for every RFP
What should my RFP include?
Buyers should specify the desired payment terms, including the preferred interest rate, if applicable.
Buyers should specify the total budget.
Buyers should request detailed information about shipping costs.
Buyers should prioritize suppliers that are located nearby to reduce lead times and shipping costs.
Buyers should ensure that the provider's ICD meets their specifications.
Buyers should ensure that the ICDs are compatible with the existing infrastructure.
Buyers should specify the date proposals are due and when the award will be announced.
Buyers should indicate the date by which the ICDs must be delivered.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for ICDs is exposed to a moderate level of risk. Key inputs in the production of ICDs include tungsten carbide, steel and software products that are used in the initial design process. With the exception of upstream suppliers of packaged software products, which pose the least amount... Subscribe to learn more.
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