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 ?
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?
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?
Have you performed well cementing services for wells in similar locations?
Have you performed well cementing services in permafrost or geothermal locations?
How long have you offered well cementing services?
What measuring tools and software do you use to determine how much cement is required?
How long will it take to prepare the cement?
Do you do testing to ensure the cement quality is correct?
Do you bring all the materials required to prepare the cement, or will you procure them locally?
Where do you source your well cementing equipment?
What API classes of cement are you able to provide?
What additives do you use or have available that can change the quality of the cement?
What additives do you use to change how fast the cement hardens?
What are the maximum temperatures and pressures your cement can handle?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
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?
Amidst widespread health concerns, what contingency plans are in place to mitigate risk to your clients and employees?
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?
What additional services beyond well cementing do you provide?
Are there discounts for bundling services?
What percentage of your revenue comes specifically from well cementing?
What is the largest service your company provides?
Is the same staff used to perform many of these services?
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Key elements for every RFP
What should my RFP include?
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.
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.
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 supply chain?
During the three years to 2020, the well cementing services supply chain has been posing a moderate 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.