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Procurement Market Intelligence Report

Nondestructive Testing Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Nondestructive Testing Services?

What is the average price of Nondestructive Testing Services?

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

ProcurementIQ estimates there are 2,071 suppliers operating in the NDT services market in 2018. The top four suppliers of NDT currently account for close to 50.0% of total market revenue, indicating a moderate level of market share concentration. High barriers to entry in the form of significant capital costs have... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Qualifications

Do you have case studies or client testimonials detailing past services performed?

Tell me about similar NDT projects you have worked on in the past. What were some challenges you have faced? How did you overcome them?

What is your on-time completion rate for projects such as mine?

Are you a member of any business-related associations? If so, which ones? What support do you receive from them?

Quality Control

How do you ensure the quality of your service? What systems, tools and software do you have in place to minimize the number of errors?

What credentials and certifications do you hold?

Do you have quality control benchmarks that you report to clients? How do you measure quality?

What percentage of revenue do you dedicate to research and development?

Competition

How do you attract new clients and retain existing clients?

How does your firm maintain a competitive edge?

What is your reputation among customers and peers, and how have you developed it?

Has your firm completed any acquisitions during the past three years? If so, how did this expansion affect your business model and NDT service offerings?

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Key elements for every RFP

What should my Nondestructive Testing Services RFP include?

Project Budget

Buyers should explicitly state the amount of the contract award.

Buyers should explain whether they expect to pay for services after each project or at some other point during the life of the contract.

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay.

Selection Criteria

Buyers should evaluate the experience of the engineers/technicians that will be assigned to perform the NDT services.

Buyers should make sure the provider offers appropriate engineers/technicians that have the expertise needed for the project.

Buyers should evaluate providers based on the estimated costs of the NDT services they are offering.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

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

Buyers should provide the timeline of the project.

Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the Nondestructive Testing Services supply chain?

The supply chain for the NDT services market currently poses a medium level of risk. Risk stems from instability in the cost of key inputs such as steel, which are used to make testing equipment. Volatility for key inputs makes it difficult for suppliers to accurately anticipate their operating costs,... Subscribe to learn more.

HIGH

MEDIUM

LOW