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Procurement Market Intelligence Report

Mapping Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Mapping Services?

What is the average price of Mapping Services?

This procurement report includes pricing information to help you purchase Mapping 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 Mapping 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 Mapping 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 Mapping 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 Mapping 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 ?

Collectively, the top four suppliers of mapping services are estimated to account for less than 20.0% of market revenue, indicating a low level of market share concentration. There are relatively low barriers to entering the market, allowing roughly 5,840 enterprises to operate in the space. Most suppliers are smaller operations,... 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?

Regulation

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?

Quality

What safeguards have you established to assure quality in your services?

What, if any, service-level agreements (SLAs) do you offer? How negotiable are the terms of any SLAs you offer?

What actions do you take to correct and compensate for any mistakes made throughout your mapping?

When was the last time you had to provide rework to correct mistakes in your work?

How available is your staff to talk through mapping progress and ensure service requirements are being met?

Service Availability

What are your hours of operation?

Do you provide after-hour services? At what additional cost do you provide these services?

How many jobs do you take on at a given time? How will this workload affect your ability to service my equipment?

Do you have any partnerships you can leverage to ensure services as needed if your staff is unavailable?

Service Timeliness

What guarantees do you provide for meeting agreed-upon deadlines?

Have you experienced any issues in the past that have made you unable to fulfill project deadlines or have caused you to breach a contract?

What precautionary measures do you take in cases when you foresee meeting a deadline might be problematic?

What additional resources are you able to allocate to the project if it begins to fall behind?

Relevancy of Experience

What is your previous experience working within our market?

How comparable is our product or service to others you have sold?

How would you describe the types of clients you primarily work with?

How are the operations of your other clients similar and different to ours? What challenges will this pose?

Pricing

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

Are there any additional charges I should be aware of outside the cost of the service?

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?

Resources

What type of software do you have available and how is it beneficial to my project? How often do you update your software?

What databases do you have access to and how often are they updated? What information from these databases can be incorporated into our maps?

What third-party vendors do you use to collect additional information? What criteria do you use to select the third-party vendors that you use?

What other sources can you use to collect information for your maps?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should, where appropriate, outline their upper limit for the contract.

Buyers should specify their preferred payment terms.

Buyers should outline their preferred pricing terms for work completed beyond the scope of the contract.

Buyers should specify how payment will be made.

Selection Criteria

Buyers should consider the vendor's history of providing mapping services.

Buyers should consider the vendor's financial standing.

Buyers should strongly weight positive client testimonials and proof of high-quality work previously performed.

Buyers should compare the pricing terms offered against other vendors to ensure they have not underbid or bloated prices.

Project Schedule

Buyers should include the deadlines for questions and proposals.

Buyers should specify when the bid will be awarded.

Buyers should indicate when the mapping services are needed by.

Buyers should indicate whether it is an ongoing or short-term contract.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The mapping services market has a moderate level of supply chain risk. There is some risk from laboratory supply wholesalers, which provide measuring equipment to market vendors, because these vendors have struggled financially in recent years with high competition and somewhat weak demand for their products. Additionally, there is some... Subscribe to learn more.

HIGH

MEDIUM

LOW