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Procurement Market Intelligence Report

Riser Management Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Riser Management Services?

What is the average price of Riser Management Services?

This procurement report includes pricing information to help you purchase Riser Management 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 Riser Management 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 Riser Management 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 Riser Management 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 Riser Management 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 Riser Management Services?

ProcurementIQ estimates there are about 6,500 firms providing riser management services in the United States. Market share concentration is low, with the top four firms collectively accounting for less than 20.0% of the market's revenue. Although the number of firms has been rising in recent years, acquisition activity has also... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

What incentives do you give to long-term clients to stay with your company? Do you offer any incentives to firms that refer businesses to your company?

What is your client turnover rate? How long do your contracts last, on average?

Has your firm completed any acquisitions over the past three years? If so, how did this expansion affect your business model?

How do you market your services to potential clients? Do you rely heavily on repeat buyers?

Regulation

By what methods do you stay informed about ongoing regulatory changes?

How have you adjusted to new regulations in the market? How have additional compliance costs been handled?

Do you have any third-party certifications beyond what is required by regulation?

Have you been marked for any violations in the past? How quickly did you remedy any violations?

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Key elements for every RFP

What should my Riser Management Services RFP include?

Project Budget

Buyers should include as much information about the total scope of the project as possible. If buyers have a working estimate on the cost of the project, this can be included.

Buyers should include information about the payment schedule (i.e. if it is incremental or done at the completion of the project).

Buyers can consult the Benchmark Price section of this report to create an estimation of how much they should pay for installation or maintenance.

Selection Criteria

Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be reputation, credentials of staff, customer service and depth of the technical plan submitted.

Buyers should choose a supplier based on the price estimate given.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include a deadline for proposal submittals and state when the contract will be awarded.

Buyers should include a timeline of the project.

Buyers should include any other benchmark dates that are relevant to the project.

Evaluate major factors to mitigate risk

How risky is the Riser Management Services supply chain?

Suppliers of riser management services have been exposed to a low level of supply chain risk during the three years to 2019. Suppliers must purchase electronic parts and equipment on a regular basis. Therefore, suppliers are vulnerable to changes in the prices of electronic parts and equipment. Fortunately for market... Subscribe to learn more.

HIGH

MEDIUM

LOW