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Procurement Market Intelligence Report

Turbine Repair & Maintenance Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Turbine Repair & Maintenance?

What is the average price of Turbine Repair & Maintenance?

This procurement report includes pricing information to help you purchase Turbine Repair & Maintenance. 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 Turbine Repair & Maintenance 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 Turbine Repair & Maintenance 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 Turbine Repair & Maintenance?

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 Turbine Repair & Maintenance 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 Turbine Repair & Maintenance?

The market for turbine repair and maintenance has no major players. Its four largest vendors generate less than 15.0% of total market revenue combined, indicating a low market share concentration. Overall, there are an estimated 12,000 firms in the market in 2018. Vendors tend to be either small companies that... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

License & Qualifications

What have you done to ensure that your employees are sufficiently trained and qualified?

Do you possess any certifications from trade associations?

Are your employees licensed?

Has your company ever been cited for operating without the appropriate credentials?

Experience

What type of turbine do you have the most experience working with?

Is your company presently providing turbine maintenance services for any major accounts similar to ours?

What specific industries do you specialize in servicing?

What is the minimum level of experience held by a staff member that will be assigned to my account?

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Key elements for every RFP

What should my Turbine Repair & Maintenance RFP include?

Project Budget

Buyers should explicitly state the amount of the contract reward.

Buyers should provide details regarding acceptable reasons for exceeding budget and how additional costs outside the contract should be handled.

Buyers can consult the Benchmark Price section of this report to determine an estimate on how much they should pay, taking into account the various factors that influence price.

Buyers should provide their ideal payment method, whether they wish to pay monthly or annually.

Selection Criteria

Buyers should evaluate the experience of the vendors' organizations as well as their employees.

Buyers should make sure the vendor can provide the needed services for all of their turbines.

Buyers should evaluate the services that are able to be provided while taking in consideration the cost of the services.

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

Project Schedule

Buyers should include a list of key dates related to the proposal, including the date to submit questions, the final date for facility inspections if allowed and the final date to submit bids.

Buyers should provide an ideal service schedule.

Buyers should list the date final vendor selection will be made.

Buyers should provide the target date for services to begin.

Evaluate major factors to mitigate risk

How risky is the Turbine Repair & Maintenance supply chain?

During the three years to 2018, the supply chain associated with turbine repair and maintenance has had a low level of risk. Suppliers rely on a variety of upstream suppliers, such as electrical equipment wholesalers, lubricant manufacturers and tool and hardware wholesalers. Issues in the supply of these materials could... Subscribe to learn more.

HIGH

MEDIUM

LOW