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Procurement Market Intelligence Report

Scientific Research & Development Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Scientific Research & Development Services?

What is the average price of Scientific Research & Development Services?

This procurement report includes pricing information to help you purchase Scientific Research & Development 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 Scientific Research & Development 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 Scientific Research & Development 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 Scientific Research & Development 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 Scientific Research & Development 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 Scientific Research & Development Services?

Concentration in the scientific R&D market is low. In fact, the top four suppliers collectively hold less than 10.0% of market revenue. Except for a few well-known vendors, the market is highly fragmented due to the variety of research topics that suppliers undertake and the varying degrees of specialization among... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Talent

Will any subcontractors be hired to work on our project?

What certifications does your staff have?

Are there ongoing training sessions?

How do you source qualified employees?

What kind of experience do you seek in your new hires?

Do you have a formal chain of command for each project?

Regulation

What resources do you use to stay informed about ongoing regulatory changes?

How have you managed regulatory change over the past three years?

Will regulations change your service prices in the next three years? How so?

How do you ensure corporate governance procedures to increase transparency and accountability in your operations?

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Key elements for every RFP

What should my Scientific Research & Development Services RFP include?

Project Budget

Buyers should inform suppliers that they are responsible for any costs related to constructing a proposal.

Buyers should inform suppliers of the currency value their proposal should be submitted in.

Buyers should inform suppliers of the pricing model that the buyer prefers.

Buyers should inform suppliers of the project's total budget.

Selection Criteria

Buyers should favor suppliers that have a proven reputation for providing ethical, quality services in the buyer's field.

Buyers should favor suppliers that offer services at a competitive price.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should state the date the RFP was issued.

Buyers should state the final due date for proposals.

Buyers should state the date when they will announce the award.

Buyers should provide a date for when all questions from suppliers are due.

Evaluate major factors to mitigate risk

How risky is the Scientific Research & Development Services supply chain?

There is a moderate degree of supply chain risk in the scientific R&D market, which suppresses buyer power, though it depends heavily on the type of R&D supplier. Some specializations require more volatile inputs such as chemical products derived from fossil fuels, and thus involve riskier supply chains; however, there... Subscribe to learn more.

HIGH

MEDIUM

LOW