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Procurement Market Intelligence Report

Water Well Drilling Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Water Well Drilling Services?

What is the average price of Water Well Drilling Services?

This procurement report includes pricing information to help you purchase Water Well Drilling 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 Water Well Drilling 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 Water Well Drilling 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 Water Well Drilling 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 Water Well Drilling 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 low for water well drilling services, with the top four suppliers generating less than 10.0% of market revenue. The large number of suppliers, at about 8,500, and their generally small size reflect this market's fragmentation. About half of all suppliers employ fewer than five people, and... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Additional Services

Beyond well drilling and completion, what services do you offer to make my well operational or improve water quality?

How are service rates discounted when additional services are purchased with well drilling?

Based on the expected characteristics of my well, what additional services do you recommend in conjunction with well drilling?

How will service integration alter my satisfaction as a customer and the quality of my well?

Well Design

Based on geologic conditions and the intended use for my well, what is the optimal depth and width of the well?

What procedural steps do you take when planning and constructing wells?

What types of well logs do you run, and how do you base your well design around their results?

How do you ensure that a well requires the minimum amount of artificial lift to transfer water to the surface?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should provide a total budget that is being allocated to the services being requested.

Buyers should provide a breakdown of the budget, including information about how much of the budget will be allocated toward the services themselves and how much will be allocated to additional costs, such as travel and lodging, if relevant.

Buyers should state their desired pricing model and payment method, including their preferred frequency of payments.

Selection Criteria

Buyers should consider the supplier's level of experience with work that is similar to the work being requested by the buyer.

Buyers should assess the experience of the individual employees to be assigned to the buyer's project.

Buyers should consider the supplier's safety record and incident rate.

Buyers should consider the proposed cost of the project from each supplier.

Project Schedule

Buyers should provide a list of key dates that pertain to the RFP process, such as the final date to submit questions and bids.

Buyers should provide a list of key milestone dates that exist throughout the length of the contract, such as the first day services are to begin and the date the water well is expected to be complete.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risk is moderate overall for water well drilling services. Moderate upstream risk stems from mining equipment wholesalers and manufacturers. Droughts during the period in the West region have increased demand for water well drilling equipment, particularly in California, the nation's largest producer of agricultural goods. As a result,... Subscribe to learn more.