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Procurement Market Intelligence Report

Investigative Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Investigative Services?

What is the average price of Investigative Services?

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

The market for investigative services is fragmented and highly competitive, with the top four suppliers accounting for less than 30.0% of total market revenue. The investigative services market incorporates a wide variety of specialties and services, and the number of enterprises has been rising during the past three years. As... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How do you ensure that clients seek renewal of their contracts? What is your rate of contract retention?

Are your clients satisfied with their current contracts or past experiences? Do you provide references?

Has your firm completed any acquisitions in the past three years? If so, how did this expansion affect your business model?

Do you market your services to buyers of all sizes? Do you have case studies for review?

Market Risk

What third-party sources or external research do you use conduct to stay up to date with market risks or opportunities?

How have you monitored changes in technology?

How have the advancements in technology complicated your ability to help clients mitigate risk?

Which sectors drive the most business for your firm?

What proportion of government expenditure does the investigative market receive? How has this changed during the past three years?

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Key elements for every RFP

What should my Investigative Services RFP include?

Project Budget

If one exists, buyers should specify their budget for the services and related products and services.

Buyers should inquire about all applicable expenses and taxes in addition to hourly/daily rates.

Buyers can reference the benchmark price, pricing model and total cost of ownership sections of this report for assisting in creating a budget.

Selection Criteria

Buyers should evaluate potential suppliers based on how well they encompass an in-depth understanding of providing legal counsel, evaluating business processes, identifying needed remedial actions and effectively communicating with business leaders or external groups.

Effective suppliers should have reliable methodologies that allow their consultants to focus on each buyer’s unique needs in order to develop and execute case-specific investigative plans.

Buyers should also evaluate potential suppliers based on their investigative expertise, case track record and market reputation.

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

Project Schedule

Buyers should outline the timeline, tentative schedule and process for the RFP and project.

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

Buyers should outline the terms of the contract and cancelation policy.

Evaluate major factors to mitigate risk

How risky is the Investigative Services supply chain?

Buyers face a low level of risk from the investigative services supply chain. Vendors in this market do not rely heavily on purchased goods, and the risk of any inputs disrupting operations is minimal. Upstream suppliers provide office stationery, computers, software, IT services and commercial offices. Most of these suppliers... Subscribe to learn more.

HIGH

MEDIUM

LOW