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Procurement Market Intelligence Report

Locksmith Services in Canada
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Locksmith Services in Canada?

What is the average price of Locksmith Services in Canada?

This procurement report includes pricing information to help you purchase Locksmith Services in Canada. 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 Locksmith Services in Canada 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 Locksmith Services in Canada 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 Locksmith Services in Canada?

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 Locksmith Services in Canada with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Evaluate major factors to mitigate risk

How risky is the Locksmith Services supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Locksmith Specialization & Experience

  • Do you complete all the work, or is there any work you need to contract out? If so, who do you use to complete such work?
  • How many years have you provided locksmith services?
  • What type of locksmith services do you specialize in that relate to my business?
  • What particular industries do you specialize in providing services for?
  • Have you had experience providing specialized services to other companies in my industry?

Related Goods & Services

  • What types of locks, keys or security systems would you recommend for me based on my business?
  • What other goods and services have similar companies in my industry requested?
  • What discounts do you offer for bundling related goods and services together?
  • What is your markup on the related goods that I may purchase?
  • What brands of related goods do you carry? How often are these brands out of stock? How long does it usually take to order such goods?

Competition

  • How do you differentiate yourself from other locksmith service providers with lower advertised prices?
  • How do your services differ from those of other locksmiths?
  • What services and related goods do you offer that your competitors do not?
  • How have your prices changed in response to competition?

Locksmith Qualifications

  • What type of qualifications do your locksmiths hold? Do your locksmiths hold licenses from The Association of Ontario Locksmiths, the British Columbia Association of Professional Locksmiths, the Institutional Locksmiths Organization of Canada or other institutions that provide locksmithing licenses?
  • What qualifications does your business hold?
  • Are you recognized in any trade associations? Particularly, are your locksmiths in the association of their province?
  • What training do your locksmiths receive? Have they enrolled in any training programs at local colleges or institutions?
  • How do you determine if a locksmith is qualified to provide services?

Sourcing across North America?

Combine Canada Spotlight Reports with our US Market Intelligence to bolster your North American strategy

Key elements for every RFP

What should my Locksmith Services in Canada RFP include?

Project Budget

  • Buyers should include as much information about the total scope of the project as possible, including the budget for the project.
  • Buyers should include information about the payment schedule (i.e. if it is incremental or done at the completion of the project).
  • Buyers can consult the Benchmark Price section of this report to create an estimate on how much they should pay for installation or maintenance.

Selection Criteria

  • Buyers should look for suppliers capable of providing the range of services they require within their area.
  • Buyers should look for suppliers that can provide a comprehensive list and description of all their locks and security equipment.
  • Buyers should look at suppliers’ past experience serving specific areas and businesses that are similar in size to the buyer’s.
  • Buyers should look for suppliers that are responsive and have flexible schedules.
  • Buyers should look for suppliers with transparent pricing.

Project Schedule

  • Buyers should include a deadline for proposal submittals and state when the contract will be awarded.
  • Buyers should include a timeline of the project.
  • Buyers should include any other benchmark dates that are relevant to the project.