Learn about actual and potential costs
How much should I pay for Product Testing Services?
What is the average price of Product Testing Services?
This procurement report includes pricing information to help you purchase Product Testing 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 Product Testing 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 Product Testing 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 Product Testing 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 Product Testing 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 product testing services market exhibits a low level of market share concentration, with the top four suppliers accounting for less than 30.0% of total market revenue. ProcurementIQ estimates that there are about 6,200 testing laboratories in the United States, which range in size and specialization. Despite a few multinational... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Do you have a minimum order charge for your services? What is the minimum order sample?
What is the payment schedule?
What alternative fee structures does your company provide?
Do you offer discounts if the contract covers a series of testing projects?
Is your quoted price subject to changes? If so, upon what conditions will you amend the price?
What can be done to ensure that the final price does not increase?
Are you offering discounts or payment deferrals for clients experiencing financial hardships during the global health crisis?
Do you perform retests? Under which circumstances will I be charged for performing retests?
Do you test the submitted samples for any other substances or compounds other than those included in the agreement?
What is the average turnaround for most tests? Do you offer rush turnaround? If so, what is the additional charge?
How are you planning on organizing this project in terms of milestones?
How often can I expect progress reports?
Do you source materials or supplies with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How does your service differ from similar competitors? How do you win and retain business?
What kind of warranties can you provide for the integrity of the work?
What is your reputation like among customers and how have you developed it?
Many vendors offer free consultations; do you provide other incentives to attract customers?
How have you tailored your service offerings to better meet the challenges brought on by the coronavirus pandemic, in comparison to your competitors?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should describe their desired pricing model (e.g. daily, hourly, upon completion of terms).
Buyers should request detailed cost breakdowns for various types of services that will be provided.
Buyers should clearly indicate the terms for travel compensation.
Buyers should evaluate suppliers based on the viability of their submitted work plan, personnel qualifications and past work experience.
Buyers should request references from current and former clients.
Buyers should also evaluate suppliers based on cost.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline the timeline, tentative schedule and process for the RFP and project.
Buyers should outline when proposals must be submitted.
Buyers should communicate to prospective suppliers when bid awards will be posted.
Buyers should list the expected start date once a supplier is chosen.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for product testing services presents low risk of disruptions or sudden price spikes. Although testing laboratories are vulnerable to various macroeconomic conditions that can impact their operating costs, they are less dependent on critical inputs that could significantly impact the supply chain. Testing laboratories have fewer recurring... Subscribe to learn more.