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Procurement Market Intelligence Report

Oil & Gas Well Maintenance
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 Well Maintenance?

What is the average price of Oil & Gas Well Maintenance?

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

Market share concentration for the oil and gas well maintenance market is medium, with the top four vendors accounting for about 46.5% of the US market. There are an estimated 3,200 establishments in the United States that offer oil and gas well maintenance services. During the past three years, market... 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?

Regulation

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?

Experience

Can you provide a portfolio of similar projects you have worked on?

Who are your current clients? How long have you provided maintenance services to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date? Do you possess any additional certifications? If so, what are they?

To what degree are you responsible for all the required local, state and federal permits?

Timeliness

How often do you experience problems with the timeliness of service orders? What is your on-time completion rate?

What are your primary metrics for internal quality measurement regarding timeliness? Are data available to clients?

What checks and balances are in place to assure that the work is done on time without sacrificing quality?

What incentives do you give your employees for meeting deadlines or completing work early?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? How has this impacted your ability to deliver your services?

Amid widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees? How have these actions affected your efficiency?

Regulation

How do you stay informed about ongoing regulatory changes?

Will you take care of all necessary licensing and permits, as well as approvals and certifications from applicable associations?

Do you conduct or receive inspections beyond what is required by government authorities? Do you have documentation showing the checks and inspections you have received?

Can you track environmental impacts like you can track cost? How do you track environmental impact across your supply chain?

What is the environmental impact across the life cycle of the products you use?

Value-Added Services

What value-added services do you provide? How will including value-added services impact pricing?

What other services do you provide in-house that you think may be of use to me specifically?

Will any work need to be subcontracted out? Will subcontracting add to my contracted costs?

Could you refer me to another firm for related services I may need?

Performance

How do you ensure the accuracy/quality of your service? What systems/tools/software do you have in place to minimize the number of errors? How often are these systems checked and updated?

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

How often do you experience downtime/error/inaccuracies with your service? What is your uptime rate and what is your target uptime rate?

What service monitoring reports are available? Are performance and reliability statistics available or public?

Budget

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?

What cost-saving measures do you employ at your firm?

What contingencies are built into your budget and how frequently are those contingencies used?

How is cost volatility mitigated? Are you looking to expand or curtail operations accordingly?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state the total budget for the contract.

Buyers should outline details regarding contingency fees and under what circumstances the budget may be exceeded.

Buyers should provide an explanation of how additional costs will be handled, such as transport, housing and other travel expenditures.

Selection Criteria

Buyers should look at the experience of the overall company and the individuals to be assigned to the account.

Buyers should look at past performance on similar projects, taking into account references from past clients.

Buyers should consider the fees of each supplier.

Project Schedule

Buyers should provide a list of key dates pertaining to the RFP process, including the final date to submit questions, perform inspections and submit final bids.

Buyers should state the date on which services are to begin, and any key milestone dates throughout the entirety of the contract.

If applicable, buyers should provide details regarding when the contract can be renegotiated.

Buyers should list the date of which final selections will be made and the supplier with the winning bid will be contacted, and whether or not the losing bidders will be informed.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Buyers of oil and gas well maintenance services face a high level of risk from the supply chain. Contractors rely on highly skilled labor, as well as chemical products and oil and gas well maintenance machinery, which are all primarily made from highly volatile inputs. The prices of chemicals and... Subscribe to learn more.

HIGH

MEDIUM

LOW