Learn about actual and potential costs
How much should I pay for Oil & Gas Facility Construction & Maintenance?
What is the average price of Oil & Gas Facility Construction & Maintenance?
This procurement report includes pricing information to help you purchase Oil & Gas Facility Construction & Maintenance. 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 Facility Construction & Maintenance 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 Facility Construction & Maintenance 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 Facility Construction & Maintenance?
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 Facility Construction & Maintenance 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 ?
According to ProcurementIQ estimates, there are about 1,000 vendors of oil and gas facility construction and maintenance services. The top four vendors currently account for less than 30.0% of market revenue, which indicates a low level of market share concentration. The market is highly fragmented due to the significant... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Vendor Financial Risk
Can I see audited financial statements to determine your company's financial health?
How do you adjust your operations in times of high demand and low demand? How do you mitigate demand volatility?
Have you ever had cash flow issues in the past? What steps did you take to resolve those issues?
How diversified is your client base? Which industries drive the most business for your firm?
What is your safety record for the past three years?
When was the last accident that happened at a work site? What was the cause and result?
How does your company ensure that all staff members follow safety protocol?
How often does your staff receive extra training or refresher courses?
Amidst widespread health concerns, 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?
Who is in charge of maintaining the budget on projects? Is it someone on the key team, or an outside eye?
What contingencies are built into your budget and how frequently are those contingencies used?
Have you ever had challenges with costs beyond what was budgeted in your contract? What changes have you made as a result of those experiences?
Will any work need to be subcontracted out? Will subcontracting add to the project's costs?
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Key elements for every RFP
What should my RFP include?
Buyers should specify the desired payment terms.
Buyers should specify the total budget.
Buyers should specify the contract terms and termination requirements.
Buyers should ensure that the provider's construction and engineering expertise can satisfy their needs.
Buyers should ensure that suppliers are capable of providing the range of services desired.
Buyers should specify the date when proposals are due and when the award will be announced.
Buyers should include any benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for oil and gas facility construction and maintenance services is moderate. Contractors rely primarily on suppliers of metal pipes, oil and gas machinery, valves and tubular goods that are largely produced from steel, the price of which, due to its commoditized nature, is highly volatile. Fluctuations in... Subscribe to learn more.