The main criteria that need to be established when searching for a record management service providing company is to identify what is considered important as components of record management to the company itself. It has been established that the cost of the record management services is of prime importance as funds need to be provided for it in the budget. However the focus here is on attaining a record management service which is able to deliver high performance at relatively lower or affordable prices. Aside from this the timelines of the records pick up is of crucial importance as well as this was one of the main identified problems in the previous service providing company. The other criteria according to which the feasibility study for the record management services is made is dependent upon the degree of confidentiality and security provided by the service and the ease of access to the records.