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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 Oil & Gas Well Maintenance?

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?

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?

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Key elements for every RFP

What should my Oil & Gas Well Maintenance 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 Oil & Gas Well Maintenance 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