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Procurement Market Intelligence Report

Oil Well Fishing 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 Well Fishing Services?

What is the average price of Oil Well Fishing Services?

This procurement report includes pricing information to help you purchase Oil Well Fishing 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 Well Fishing 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 Well Fishing 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 Well Fishing 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 Well Fishing 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 Well Fishing Services?

The market for oil well fishing services has a moderate level of concentration, whereby the top four vendors account for between 30.0% and 50.0% of revenue. The market is moderately concentrated due to large up-front costs required to operate in this market, which restrict the entry of new vendors. Moreover,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Timeliness

What is your process for working on multiple projects concurrently?

How often do you experience problems with the timeliness of transactions? What is your on-time delivery rate?

What is your average turnaround time for fishing projects of this size?

What priority will this project be in relation to other projects your firm is currently working on? What guarantees can you give to ensure this project won't fall by the wayside if you land a bigger client?

Employees

How do you keep your wage costs under control?

Are there records that show prior training and certifications available for all members of the company?

How long has each member of the team you are proposing for this project been working with you?

What is the average tenure of your employees?

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Key elements for every RFP

What should my Oil Well Fishing Services RFP include?

Project Budget

Buyers should specify the total budget.

Buyers should specify the desired payment terms.

Selection Criteria

Buyers should select suppliers that can provide services within their desired time frame.

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

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

Project Schedule

Buyers should specify the date when proposals are due and when the award will be announced.

Buyers should specify the desired start date of the service.

Evaluate major factors to mitigate risk

How risky is the Oil Well Fishing Services supply chain?

There is a moderate level of supply chain risk for oil well fishing services. Key inputs in this market include fishing tools and equipment, such as junk baskets, milling tools and internal and external catch tools. In addition, providers of oil well fishing services use drilling fluids to clean and... Subscribe to learn more.

HIGH

MEDIUM

LOW