Learn about actual and potential costs
How much should I pay for Oil & Gas Refinery Construction?
What is the average price of Oil & Gas Refinery Construction?
This procurement report includes pricing information to help you purchase Oil & Gas Refinery Construction. 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 Refinery Construction 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 Refinery Construction 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 Refinery Construction?
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 Refinery Construction 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 ?
The top four suppliers of oil and gas refinery construction account for over 50.0% of the market's revenue in 2020, indicating a high level of market share concentration. Market share concentration has been increasing steadily in the past three years on the back of rising merger and acquisition activity. As... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, 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?
Do you have any information on past oil and gas refinery construction projects that you have completed?
Regarding previous projects that you have worked on, what challenges did you face and how did you overcome them?
What types of awards do your company hold?
How do you stay up to date with the latest developments in best refinery construction practices?
Do you have a plan in place should one of their workers contract the coronavirus?
What practices have you incorporated into your service methods to ensure quality?
Do you perform all aspects of the construction project, or do you outsource the work? How do you guarantee the quality of the work that is completed by subcontractors?
What systems do you have in place to minimize the number of mistakes?
Who is in charge of ensuring that my project has received a thorough evaluation?
On average, how many years of experience does your staff have?
What practices have you implemented to keep wage costs under control?
Are all of your construction workers certified? What associations did your employees receive their certification?
Do you provide ongoing training for your workers?
Have you ever had challenges trying to stay within your bid price?
What measures are taken to ensure that the project is completed on budget?
Who on your staff is in charge of expense tracking?
Are there contingencies built into your bid price? Have you ever exceeded the built contingency amount? If so, why?
What percentage of your supply chain is vulnerable to China's market dynamics during the COVID-19 pandemic?
What related services do you provide? Is the cost of these services included in your bid price?
Do you have relationships with refinery material and equipment suppliers? How do your clients benefit from these relationships?
Could you provide me with a list of other firms that offer related services I may need?
What impact will subcontracting have on the overall project's costs?
How do you stay informed about regulatory changes?
What new regulations exist in your market? How will these regulations impact the cost of my project?
Are you able to obtain necessary licensing and permits for my project?
Do you conduct you own independent project inspections beyond what is required by government authorities?
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Key elements for every RFP
What should my RFP include?
All buyers should suggest the best method of billing.
All buyers should determine whether payments will be made after an audit.
All buyers should note under what circumstances will payment be withheld or under what circumstances payment dates will be altered.
All buyers should specify their total budget for the project.
All buyers should look for suppliers servicing their area that are capable of providing the range of services desired.
All buyers should look for suppliers with experience providing relevant services within their state, neighboring cities or for similar businesses.
All buyers should look for suppliers with flexible schedules.
All buyers should look for suppliers with clearly defined pricing instructions.
All buyers should include a proposal duration suggesting when vendors are required to submit their proposal.
All buyers should include the date proposals are due and when the award will be announced.
All 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?
Oil and gas refinery construction contractors carry a moderate level of supply chain risk. Contractors rely on a variety of upstream manufacturing and wholesaling industries in order to perform refinery construction services. Contractors are responsible for obtaining the materials and equipment needed to construct oil and gas refineries, putting them... Subscribe to learn more.