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Procurement Market Intelligence Report

Pipeline Inspection Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Pipeline Inspection Services?

What is the average price of Pipeline Inspection Services?

This procurement report includes pricing information to help you purchase Pipeline Inspection 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 Pipeline Inspection 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 Pipeline Inspection 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 Pipeline Inspection 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 Pipeline Inspection 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 for pipeline inspection services is highly concentrated, with the top four vendors accounting for more than 50.0% of revenue. According to ProcurementIQ estimates, there are currently 514 suppliers of pipeline inspections. The largest suppliers of pipeline inspections are multinational companies, such as Baker Hughes and Intertek Group. The... 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?

Technology

How frequently do you upgrade your inspection tools and equipment?

Do you use any proprietary equipment that distinguishes you from competitors?

Do you design or manufacture customized pipeline pigs? How will that affect the service price? What about the lead time?

Does your equipment and machinery allow you to deal with challenging terrains and climates?

Customer Service & Experience

How do you track customer satisfaction?

What is your customer retention rate?

Do you provide client references?

Have you had major complaints in the past? How have you dealt with them?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle changes in demand?

Experience

What percentage of your business comes from oil pipeline, natural gas pipeline, water pipeline and ore pipeline inspections?

With what types of pipeline inspections do you have the most experience?

How many total hours of work experience do your employees have?

What percentage of the hours worked are relevant to my sector?

How many pipeline inspections have you performed?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

Timeliness

What is your average turnaround time for the procured inspection services?

What priority will this project be in relation to other projects on which your firm is working?

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

Can you create a timeline of steps involved in designing and implementing the inspection services?

Regulation

How do you manage regulatory change?

How has the changing regulatory landscape affected the quality of your services?

How has greater regulation changed your pricing, and how do you anticipate it will change in the future?

What kind of training do your employees receive? What are their qualifications?

How do you keep informed about ongoing regulatory changes?

Service Performance

Is your inspection equipment certified to national standards?

How do you balance quick turnaround times with maintaining the maximum possible accuracy?

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

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

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify the total budget.

Buyers should specify the desired payment terms (i.e. monthly, lump sum, yearly).

Selection Criteria

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

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

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.

Buyers should specify the desired start date of the service.

Buyers should specify their future needs for inspections.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk for pipeline inspection services is moderate. Software vendors and computer retailers are the least risky upstream suppliers, while imaging equipment manufacturers pose a medium level of risk. Key inputs include software products, inspection equipment, computers and other related tools and equipment, such as inspection pigs. Buyers should... Subscribe to learn more.

HIGH

MEDIUM

LOW