Learn about actual and potential costs
How much should I pay for Seismic Data Processing Services?
What is the average price of Seismic Data Processing Services?
This procurement report includes pricing information to help you purchase Seismic Data Processing 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 Seismic Data Processing 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 Seismic Data Processing 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 Seismic Data Processing 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 Seismic Data Processing 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 ?
Market share concentration is high for seismic data processing services. About 860 suppliers operate in this market, and the four largest suppliers generate about 70.0% of market revenue. The global footprints and diversified service offerings of this market's largest suppliers give them a competitive advantage in attracting and retaining business.... 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?
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?
How often do you meet or exceed your deadlines?
How much advanced notice would clients get if there were an anticipated delay?
What type of compensation do you offer if the agreed-upon deadline is not met?
How do you keep clients up to date on processing progress?
How do you retain qualified employees?
Have you experienced personnel or computing shortages that undermined the efficiency of seismic data processing?
Do you outsource work to improve timeliness? From where do you contract these employees?
How do you contain the costs of computer hardware and software?
How are your seismic data processing solutions better than competitors'?
What kinds of promotions are you currently offering?
Do you offer any discounts for returning customers?
What additional services do you have that other competitors may not have?
What is your past experience working with a company of my size and operation specialty?
How do you track customer satisfaction? Do you have client references I can review?
What is your client retention rate? How long has your longest-tenured repeat customer been with your company?
Could you provide key personnel background and experience?
How has your average price changed in the past three years?
How do you adjust your average price to remain competitive with other suppliers?
How frequently do you reevaluate list prices?
Do you factor investments in new software and computers into your pricing?
What improvements to your hardware and software are you currently planning?
What new features or functionality have you added in the past year? From which improvements do your customers benefit the most?
How often is maintenance performed?
Will my service be disrupted during maintenance? How much notice will be given of planned disruptions?
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Key elements for every RFP
What should my RFP include?
Buyers should state the budget they have allocated for the services being rendered.
Buyers should provide a breakdown of the budget and how much is to be allocated to various portions of the requested services, such as the amount allocated towards processing and the amount allocated towards special formatting or presentation requests.
Buyers should provide information regarding how any additional costs will be handled and whether the budget includes any contingency costs.
Buyers should look at the past experience of each supplier, particularly experience that is similar to the buyer's project.
Buyers should look at the qualifications of the individual employees that the supplier plans to assign to the buyer's project.
Buyers should consider the methodology used to process data.
Buyers should consider the proposed cost of the project from each potential supplier.
Buyers should provide a list of dates that pertain specifically to the RFP process, such as the final date to submit questions and the final date to submit bids.
Buyers should provide a list of key milestones that will exist throughout the project, such as the date services will begin and the date suppliers are expected to complete the services by.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk is moderate for seismic data processing services. Seismic data processing providers rely more on computers and software than other material inputs. The falling prices and increasing availability of high-powered computers has helped reduce risk from upstream computer suppliers. However, the fast pace of technological advancement in computer... Subscribe to learn more.