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Procurement Market Intelligence Report

Power Line 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 Power Line Inspection Services?

What is the average price of Power Line Inspection Services?

This procurement report includes pricing information to help you purchase Power Line 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 Power Line 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 Power Line 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 Power Line 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 Power Line 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 power line inspection services is highly fragmented, whereby the top four suppliers generate less than 30.0% of market revenue. In 2020, ProcurementIQ estimates that there are 1,140 vendors of power line inspections in the US market. Most suppliers operate on a local basis, with only some larger... 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?

Customer Support

Do you offer 24/7 customer account and technical support services?

Will your services interfere with our daily operations?

Do you have a step-by-step process to handle client issues or complaints? What does that look like?

How often and what methods do you use to evaluate customer satisfaction? Is this made available to clients?

Amidst widespread health concerns, 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

On average, how many years of experience does your staff have? How does that measure up to your competitors?

Do you have case studies or client testimonials detailing the services performed?

Tell me about similar inspection projects you have worked on in the past. What challenges did you face and how did you overcome them?

How involved will your tenured and experienced staff members be on my project? What are the experience levels of your employees that will be assigned to my project?

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

Service Performance

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

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

Are your records of inspection maintained?

What checks and balances are in place to ensure that my inspection project has received a thorough evaluation? Who completes these checks and identifies errors?

Budget

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

Who is in charge of maintaining the budget on inspection projects? Is it someone on the key team or an outside eye?

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?

How much inspection work is performed by low-level/low-wage employees?

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

Timeliness

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

How accurate are your time estimates for projects?

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

What is your process for working on multiple projects concurrently?

Employees

How do you keep your wage costs under control?

Are training records available detailing training and appropriate competency levels for staff carrying out inspections?

What is the average tenure of your employees? Do you have trouble with turnover? If so, how does that affect service delivery?

What has your turnover rate been in the past 24 months? How does your firm mitigate the risks of employee turnover?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify preferred payment terms (i.e. monthly, lump sum, per visit) and length of contract.

Buyers should specify their total budget.

Selection Criteria

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

Buyers should request references from current and former clients.

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 and the potential for renewal(s).

Evaluate major factors to mitigate risk

How risky is the supply chain?

The power line inspection services market has a moderate level of supply chain risk as a result of coronavirus-related disruptions to key upstream input manufacturers. Key first tier inputs present moderate degrees of supply chain risk and include computers, helicopters, drones and various optical inspection devices such as infrared cameras.... Subscribe to learn more.

HIGH

MEDIUM

LOW