Learn about actual and potential costs
How much should I pay for Slickline Services?
What is the average price of Slickline Services?
This procurement report includes pricing information to help you purchase Slickline 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 Slickline 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 Slickline 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 Slickline 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 Slickline 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 ?
ProcurementIQ estimates that roughly 900 vendors offer slickline services, 80.7% of which have fewer than 20 employees, and only 4.8% having more than 100. The top four companies (Schlumberger, Halliburton, Baker Hughes Co. and Weatherford International) are estimated to account for a combined 45.0% of the total market share in... 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?
What is your company's revenue history during the past five years?
Is your company currently dealing with litigation or facing the prospect of litigation in the near future?
From which markets, regions and services do you derive most of your revenue?
How likely is your company to be merged with another firm or bought out in the near future?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
Are you up to date on applicable government regulations? How do you ensure your technologies and techniques are current with regulatory agencies?
Are regulatory costs (e.g. permits, license fees) included in the quoted price?
Are there any other compliance fees for which I am responsible?
How do government regulations affect the cost of providing slickline services?
What kinds of quality control procedures are in place to ensure that you are using the highest quality lines and machinery?
How many suppliers do you have? How long have you been in a supply agreement with them?
How do you minimize the effects of fluctuations in the price and supply of raw materials?
What will happen to my rates if your input costs go up?
Do you own or maintain any upstream operations (e.g. fluids, chemicals, heavy machinery manufacturing)?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
Research & Development
What share of your company's revenue is allocated toward R&D initiatives?
How have your R&D investments changed during the past five years?
Can you provide concrete examples of how your company's R&D investments helped you provide more high-quality and cost-effective slickline services?
What technologies does your company offer that reduce overall environmental impact and cleanup costs?
How long have you been providing slickline services?
How many wells have you serviced that are similar to mine?
What kinds of slickline services account for the majority of your business?
What kinds of equipment and employee training do you possess that set you apart from competitors?
What additional services beyond slickline services do you provide?
What share of your revenue comes from slickline services?
Is there a discount for bundling additional services with slickline procedures?
Do you offer any warranties or guarantees for your services?
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Key elements for every RFP
What should my RFP include?
Buyers should state their total budget for the project described in the RFP.
Buyers should state their payment expectations, stating the method in which they will be paying for these services as well as the frequency of payments.
Buyers should consider the experience of the supplier, taking into consideration their experience in both the overall market and working on projects similar to the buyer's.
Buyers should consider the safety record of the service provider, giving preference to vendors that have a history of minimal accidents.
Buyers should consider the proposed cost of the project from each supplier.
Buyers should provide a timeline, highlighting key dates that pertain to the RFP process, including the final dates to submit questions to the buyer and provide a bid.
Buyers should provide a timeline that covers the key milestones of the overall project, including the first day the supplier will begin to render services and the expected completion date.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Buyers of slickline services face a medium level of risk from supply chain factors. Operators rely on trucks, metal foundry goods and oil and gas machinery, which are all primarily made from steel. Fluctuations in demand for raw materials have caused iron and steel prices to be highly volatile during... Subscribe to learn more.