Learn about actual and potential costs
How much should I pay for Midstream Oil & Gas Services?
What is the average price of Midstream Oil & Gas Services?
This procurement report includes pricing information to help you purchase Midstream Oil & Gas 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 Midstream Oil & Gas 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 Midstream Oil & Gas 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 Midstream Oil & Gas 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 Midstream Oil & Gas 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 ?
Market share concentration for the midstream oil and gas services market oil is low, with the top four vendors accounting for less than 30.0% of total market revenue. Roughly 4,430 suppliers operate in this market domestically. These suppliers include pipeline companies, trucking companies, rail companies and marine charter companies, with... 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?
Networks & Experience
How do you communicate with your workers?
How far does your network reach?
Do you have previous experience moving oil and gas products to and from the origin and destination of my shipments?
Have you had contact with the local embassy or consulate of the destination country for my oil and gas products?
What level of tracking service is available while my goods are in transit?
What type of notice do you need to transport an unexpected shipment?
What is the average wait time to talk to a customer service representative?
How many customer service representatives are on call during business hours to help resolve potential issues as they arise?
How do you track customer satisfaction?
What is your annual capacity?
How much of your annual shipment is diverted to export markets?
What is your current inventory of transportation and storage vessels?
How is your inventory level projected to change during the next three years?
What is your on-time delivery rate?
How have your systems and processes changed to improve delivery times?
What are your primary metrics for internal quality measurement regarding timeliness?
How many alternate routes do you have for my shipment in case of bad weather or other transportation disruptions?
Do you have relationships with storage facilities nearby or own any storage facilities where you can keep my oil and gas products?
Where can I pick up my oil and gas products once they reach the destination?
Where are the nearest highways, railroads and shipping yards?
Do you have partnerships with other trucking companies, railroads, pipeline operators or marine transport firms?
In addition to cargo insurance, do you have errors and omissions insurance?
What are your policies if shipments are lost or damaged?
What is your damage-to-claims ratio?
What is your procedure for handling claims? Will I have the right to appoint my own representative to investigate a loss?
Can my company or a third party audit your cargo handling procedures?
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Key elements for every RFP
What should my RFP include?
Buyers should state the full value of the contract, if available.
Buyers should provide their expectations for payments, including method and billing schedule.
Buyers should refer to the Benchmark Price section of this report to ensure that they are paying a competitive price for midstream oil and gas services.
Buyers should evaluate vendors based on their experience providing market services.
Buyers should consider vendors’ customer service offerings.
Buyers should take providers’ management plans for optimizing services into account.
Buyers should consider vendors' geographic locations.
Buyers can reference the Buying-Decision Scorecard section of this report for more information about selection criteria.
Buyers should indicate how long they wish the contract to be.
Buyers should state the due date for proposal submissions.
Buyers should disclose when vendors will be notified about contract awards.
Buyers should provide a detailed list of any critical dates for delivery.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for the midstream oil and gas services market is considered high. This level of risk reduces buyer power because it indicates that providers may face disruptions to their upstream supply chains that increase their operating costs or prevent them from delivering services. Consequently, providers may be less... Subscribe to learn more.
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