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Procurement Market Intelligence Report
Oilfield Modeling Services
Sourcing Guide & Market Trends
Comprehensive intelligence for making smart purchasing decisions
Learn about actual and potential costs
How much should I pay for Oilfield Modeling Services?
What is the average price of Oilfield Modeling Services?
This procurement report includes pricing information to help you purchase Oilfield Modeling 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 Oilfield Modeling 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 Oilfield Modeling 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 Oilfield Modeling 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 Oilfield Modeling 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 ?
The market share concentration for oilfield modeling services is moderate because the top four suppliers account for between 30.0% and 50.0% of total revenue. The market is moderately concentrated because there are significant up-front costs associated with designing modeling solutions, such as the recruitment of specialists, thus preventing some suppliers... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Customer Support
How do you evaluate customer satisfaction, and how frequently do you do so? Are these evaluations made available to clients?
If you encounter issues or your client is not satisfied, what steps do you take to address the issue?
Do clients have dedicated representatives, or will clients have to call a general support line?
Do you have response time benchmarks for following up with or problem solving for a client? How frequently will you provide progress reports?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle changes in demand?
Contract
What value-added services do you provide? How will including value-added services in my contract impact pricing?
Do you offer discounts for bundled services? If so, what are the terms?
What other services do you provide in-house that you think may be of use to me specifically?
Do you give a competitive discount if I switch from another provider to your company?
Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
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Key elements for every RFP
What should my RFP include?
Project Budget
Buyers should specify the total budget for the contract.
Buyers should specify the desired payment terms.
Selection Criteria
Buyers should take into consideration client references for similar projects.
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 required duration of the contract.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for oilfield modeling services is exposed to a moderate degree of risk, which somewhat challenges buyer leverage in negotiations. The key first tier suppliers provide staple items like software products, computers and office stationery. Mounting import penetration among upstream suppliers has created an influx of competitively priced... Subscribe to learn more.