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Procurement Market Intelligence Report

Well Cementing Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Well Cementing Services?

What is the average price of Well Cementing Services?

This procurement report includes pricing information to help you purchase Well Cementing 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 Well Cementing 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 Well Cementing 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 Well Cementing 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 Well Cementing 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 Well Cementing Services?

There are about 250 suppliers of well cementing services. However, market share concentration is high, with the four largest suppliers accounting for more than 75.0% of total market revenue. Well cementing operations are extremely complex and subject to many government regulations. As a result, suppliers are typically large companies with... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Personnel

How many workers will be sent on site to prepare and administer the cement?

Are your personnel experienced with other kinds of well services?

Who will oversee the cementing process?

What is the average number of years of experience among the staff that will be assigned to my project?

Government Regulations

Do government regulations affect the quality and quantity of cement required?

Have government regulations increased the cost of providing well cementing services?

How does your staff stay up to date with current regulations?

How often does your staff receive training on current regulations and updates to relevant regulations?

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Key elements for every RFP

What should my Well Cementing Services 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 towards the services and how much is to 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 each well is expected to be cemented.

Evaluate major factors to mitigate risk

How risky is the Well Cementing Services supply chain?

During the three years to 2018, the well cementing services supply chain has been posing a low risk of service disruptions. Cement is the main material used for these services, making cement manufacturers a primary upstream supplier. Due to the extensive use of cement, delays in its supply could result... Subscribe to learn more.

HIGH

MEDIUM

LOW