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Procurement Market Intelligence Report

Wireline & Perforating Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Wireline & Perforating Services?

What is the average price of Wireline & Perforating Services?

This procurement report includes pricing information to help you purchase Wireline & Perforating 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 Wireline & Perforating 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 Wireline & Perforating 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 Wireline & Perforating 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 Wireline & Perforating 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 ?

The market for wireline and perforating services contains about 746 vendors. The top four operators generate less than 30.0% of the market's revenue, which indicates a low level of market share concentration. Because there are few large-scale service providers operating in the United States, competition is intense. Each of the... 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?

Regulation

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?

Customer Support

How do you evaluate customer satisfaction and how frequently? Is this made available to clients?

How have you changed your service in response to customer complaints and suggestions?

If you encounter issues or your client is not satisfied, what steps do you take to address the issues?

What is your average response time when dealing with an issue that arises on a project?

Experience

How long have you provided services like this to your longest-tenured client? Who are your five largest clients?

Do you have case studies or client testimonials detailing the services performed? Can my company contact a current client about their experiences?

Tell me about similar projects you have worked on in the past. What challenges did you face and how did you overcome them?

How have your operations changed in the past few years? How have these changes improved your services?

Competition

How do you attract new clients and retain existing clients?

As a large company, how do you compete with the emergence of smaller players in the market? As a small company, how do you compete with the reputations of large, established service providers?

How does your company maintain a competitive edge?

What sets your services apart from those of your competitors?

Service Performance

How do you ensure the accuracy and quality of your services?

What systems, tools and software do you have in place to minimize the number of errors? How often are these systems checked and updated?

What checks and balances are in place to ensure that my project has received a thorough evaluation? Who completes these checks and identifies errors?

How do you balance quick turnaround times with maintaining maximum possible accuracy?

Employees

What are the various stages of your hiring process? What specialized skills do you require your employees to possess?

How do you recruit and retain senior staff?

How do you keep your wage costs under control?

Are there records available that show prior training and certifications for all members of the company?

Budget

Have you ever had challenges with costs beyond what was budgeted in your contract? What changes have you made as a result of those experiences?

What cost-saving measures do you employ at your firm?

Who is in charge of maintaining the budget on projects? Is it someone on the key team, or an outside eye?

What contingencies are built into your budget and how frequently are those contingencies used?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget.

Buyers should provide an explanation of how additional costs will be handled, such as travel expenditures.

Selection Criteria

Buyers should ensure the proximity of suppliers to cut lead times.

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

Project Schedule

Buyers should specify the date when proposals are due.

Buyers should provide the date when the award will be announced.

Buyers should specify the required duration of the contract.

Buyers should specify the timeline for potential contract renewals.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk for wireline and perforating services is moderate, somewhat challenging buyer negotiation power. Service providers primarily rely on goods and services supplied by mining, oil and gas machinery manufacturers to efficiently carry out their services, in addition to engineering firms and transport vehicle wholesalers. Issues in the... Subscribe to learn more.

HIGH

MEDIUM

LOW