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Procurement Market Intelligence Report

Paints & Coatings 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 Paints & Coatings in Canada?

What is the average price of Paints & Coatings in Canada?

This procurement report includes pricing information to help you purchase Paints & Coatings 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 Paints & Coatings 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 Paints & Coatings 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 Paints & Coatings 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 Paints & Coatings 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 Paints & Coatings supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Distribution

  • Can you provide a list of your distribution facilities' locations, domestically and internationally?
  • What are your shipping rates to my facility? Do shipping rates vary if I need products shipped to more than one location?
  • How do you ensure timely and accurate shipping?
  • Have you ever not met a scheduled delivery time? How did you handle that situation?

Cost Containment

  • Over the past three years, what percentage of your revenue has been dedicated to raw input materials?
  • How have fluctuations in input prices been affecting the prices of your product over the past three years?
  • When input prices rise, how much of the cost is absorbed by you and how much is passed down to customers?
  • Do you source from multiple suppliers or a single supplier? How does this affect costs?
  • How much do you invest in research and development on an annual basis? Is that cost included in your pricing?

Experience

  • To what types of buyers do you most commonly supply paint? How does your formula vary for different applications?
  • Could you provide a list of client references, including contact information?
  • For how many years have you provided paint products to your longest-standing client?
  • How long have you been active in this field? How long have you served businesses in my industry?

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 Paints & Coatings in Canada RFP include?

Project Budget

  • Buyers should include as much information as possible about the total scope of the project. If buyers have a current working estimate of the cost of the project, this can be included here.
  • 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 determine how much they should pay for these products.

Selection Criteria

  • Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be reputation, the credentials of the staff, customer service and the depth of the technical plan submitted.
  • Buyers should choose a supplier based on the price estimate given.

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, including walkthroughs, delivery and potential painting dates.
  • Buyers should include any other benchmark dates that are relevant to the project.