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Procurement Market Intelligence Report

Mine Blasting Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Mine Blasting Services?

What is the average price of Mine Blasting Services?

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

Market share concentration for mine blasting services in the United States is high, with three major suppliers dominating the market in terms of revenue. There are about 320 providers of mine blasting services in 2018, with the market’s top suppliers accounting for about 55.0% of total market revenue. The top... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Legal Compliance

Have you ever experienced any issues where your company failed to comply with either a local or federal law while providing mine blasting services?

What are the most common laws that mine blasting services providers fail to comply with?

In the event that a blasting regulation is not followed, how does this affect me as the buyer?

What measures do you take to ensure that your company is meeting all local regulations?

Competition

Do you provide any other incentives to attract clients?

How does your company stand out from other similar sized competitors?

How many of your clients are repeat customers?

Can you provide any customer testimonials from previous work you have completed?

Why are your prices more or less expensive than your competitors?

Do you offer any discounted prices for customers that return to your company for future projects?

Reliability

How many projects took longer than you originally estimated? What was the cause of the delay?

What is typically the biggest risk leading to a failure of completion or unexpected delays?

What does your company do to mitigate any risk of failing to complete a contract in a timely manner?

In the event of a prolonged delay at fault of the supplier, what do you do to make up for my loss of time?

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Key elements for every RFP

What should my Mine Blasting Services RFP include?

Project Budget

Buyers should state their total budget for the project described in the RFP.

Buyers should state their payment expectations, stating the method in which they will be paying for these services as well as the frequency of payments.

Selection Criteria

Buyers should consider the experience of the supplier, taking into consideration their experience in both the overall market and working on projects similar to the buyer's.

Buyers should consider the safety record of the service provider, giving preference to vendors that have a history of minimal accidents.

Buyers should consider the proposed cost of the project from each supplier.

Project Schedule

Buyers should provide a timeline, highlighting key dates that pertain to the RFP process, including the final dates to submit questions to the buyer and provide a bid.

Buyers should provide a timeline that covers the key milestones of the overall project, including the first day the supplier will begin to render services and the expected completion date.

Evaluate major factors to mitigate risk

How risky is the Mine Blasting Services supply chain?

The supply chain for mine blasting services has a moderate level of risk, indicating buyers are at some risk of facing disruptions in the procurement and execution of these services. Explosives manufacturers are major first-tier suppliers in the mine blasting service supply chain. Suppliers face a high level of risk... Subscribe to learn more.

HIGH

MEDIUM

LOW