Learn about actual and potential costs
How much should I pay for Oil & Gas Casing & Tubing?
What is the average price of Oil & Gas Casing & Tubing?
This procurement report includes pricing information to help you purchase Oil & Gas Casing & Tubing. 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 Oil & Gas Casing & Tubing 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 Oil & Gas Casing & Tubing 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 Oil & Gas Casing & Tubing?
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 Oil & Gas Casing & Tubing 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 Oil & Gas Casing & Tubing?
An estimated 105 vendors supply oil and gas casing and tubing goods to the US market in 2018. The top four vendors are the United States Steel Corporation, Tenaris, Vallourec and Precision Castparts. Together, these vendors account for between 30.0% and 50.0% of revenue, indicating that the market is moderately... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Vendor Financial Risk
How are your other ventures performing? What impact does their performance have on this division?
Has your company ever been at risk of bankruptcy?
How does your company stay profitable during economic downturns?
What investments are you making in the company's future (e.g. new products, research and development and new plants)? What happens if any of those investments fail?
What are your shipping rates to my facilities?
Where are your manufacturing facilities located?
How do you ensure timely and accurate shipping?
Do you allow the usage of a clients' own shipping, transportation or delivery method?
Do you have low inventory or supply issues with any of the goods we are ordering? How will this affect shipping times?
Supply Chain Risk
How do you manage risk in your supply chain?
Would the bankruptcy or revenue volatility of any of your key clients or suppliers harm your operations?
How often do you evaluate your upstream inputs' prices to ensure they are still competitive?
How diversified is your client base? Which industries drive the most business for your firm?
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Key elements for every RFP
What should my Oil & Gas Casing & Tubing RFP include?
Buyers should specify the desired payment terms, including the preferred interest rate, if applicable.
Buyers should specify the total budget.
Buyers should request detailed information about shipping costs.
Buyers should prioritize suppliers that are located nearby to reduce lead times and shipping costs.
Buyers should give preference to vendors that can meet the budget requirements in the RFP.
Buyers should ask for a list of references.
Buyers should specify the date when proposals are due and when the award will be announced.
Buyers should indicate the date by which the OCTGs must be delivered.
Evaluate major factors to mitigate risk
How risky is the Oil & Gas Casing & Tubing supply chain?
The supply chain for oil and gas casing and tubing goods has a moderate level of risk. Manufacturers of casing and tubing require a variety of raw material inputs, including steel, nickel, fiberglass and titanium. Due to the commoditized nature of key inputs, vendors are exposed to a significant level... Subscribe to learn more.