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Procurement Market Intelligence Report

Oil & Gas Engineering Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Oil & Gas Engineering Services?

What is the average price of Oil & Gas Engineering Services?

This procurement report includes pricing information to help you purchase Oil & Gas Engineering 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 Oil & Gas Engineering 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 Oil & Gas Engineering 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 Oil & Gas Engineering 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 Oil & Gas Engineering 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 Oil & Gas Engineering Services?

Oil and gas engineering services can be procured from an estimated 6,426 suppliers, including a wide range of engineering and consulting firms. ProcurementIQ estimates that the top four suppliers currently account for less than 30.0% of the market, which indicates a low level of market share concentration. The market is... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Service & Quality

How do you track customer satisfaction?

Do you provide client references?

Have you had major complaints in the past? How have you dealt with them?

What licenses and certifications do you have?

Competition

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

How does your service differ from competitors? How do you win and retain business?

With many vendors offering free consultations, do you provide other incentives to attract customers?

What warranties can you provide for the integrity of the engineering work?

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Key elements for every RFP

What should my Oil & Gas Engineering Services RFP include?

Project Budget

Buyers should specify their total budget for the service.

Buyers should state their preference for a pricing model (fixed price, or fixed time and materials).

Selection Criteria

Buyers should ask for a list of references from current and former clients.

Buyers should inquire about the supplier's specialized experience and technical competence in oil and gas engineering.

Buyers should ensure the proximity of suppliers to reduce lead times.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.

Project Schedule

Buyers need to indicate the date when proposals are due.

Buyers should include the date the contract begins and ends.

Buyers should include any other benchmark dates that are relevant to the project.

Evaluate major factors to mitigate risk

How risky is the Oil & Gas Engineering Services supply chain?

The supply chain for oil and gas engineering services poses a moderate degree of risk. Suppliers source the majority of inputs from computer stores, office stationery wholesalers and packaged software publishers. There is negligible risk of supply disruptions, although buyers should monitor the impact of import penetration on their current... Subscribe to learn more.

HIGH

MEDIUM

LOW