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Procurement Market Intelligence Report

Service Rigs
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Service Rigs?

What is the average price of Service Rigs?

This procurement report includes pricing information to help you purchase Service Rigs. 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 Service Rigs 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 Service Rigs 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 Service Rigs?

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 Service Rigs 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 Service Rigs?

According to ProcurementIQ estimates, there are 399 suppliers of service rigs in the US market. During the three years to 2019, the number of suppliers has trended downward due to challenging conditions in the oil and gas market. Namely, recent declines in oil and gas prices early in the period,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customer Service

What types of warranties do you offer on your service rigs? Do you offer extended warranties?

If equipment under warranty is to be replaced, what is the average length of time to receive the replacement part?

Do you have a technical support line? What are the hours that technical support can be reached?

Do you place any sort of guarantee on your used service rigs?

Durability

What is the average lifespan of your service rigs under regular use?

How is the average lifespan of current service rig models comparable to models that were made more than 10 years ago?

What is the average maintenance and repair cost for your service rigs?

Which components are typically the first to require replacing?

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Key elements for every RFP

What should my Service Rigs RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should specify the desired payment terms.

Selection Criteria

Buyers should ensure that the supplier has inventory of service rigs that meets their specifications.

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

Project Schedule

Buyers should specify the date proposals are due and when the award will be announced.

Buyers should specify the desired delivery date for the equipment.

Evaluate major factors to mitigate risk

How risky is the Service Rigs supply chain?

The supply chain risk for service rigs is moderate, somewhat hurting buyers. Because many service rigs are built on large trucks to allow the rig to be transported easily, suppliers depend on truck manufacturers to provide base vehicles. If service rig manufacturers experience disruptions in the supply of trucks from... Subscribe to learn more.

HIGH

MEDIUM

LOW