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Procurement Market Intelligence Report

Security System Installation 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 Security System Installation in Canada?

What is the average price of Security System Installation in Canada?

This procurement report includes pricing information to help you purchase Security System Installation 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 Security System Installation 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 Security System Installation 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 Security System Installation 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 Security System Installation 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 Security System Installation supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Related Goods & Services

  • What related goods and services would you recommend for me based on my business?
  • What type of discounts do you offer for bundling related goods or services together?
  • If I use your company to install my security system, how easily can I use another company to provide monitoring and maintenance services?
  • What type of service support do you provide for related goods and services?
  • Do I need to have a landline in order to activate monitoring and maintenance services?

Pricing

  • If I do not purchase a monitoring and maintenance plan with the installation, how will this affect the price of the installation?
  • If I pay for the installation in advance, what discounts might I earn?
  • What additional fees do you charge that are not included in the installation price?
  • What financial penalties will I face for cancelling services prior to the contract expiring?

Service Support

  • Do you offer 24/7 service support? If not, do I need to pay an additional fee for 24/7 support?
  • Do you provide service support after business hours? If so, how many operators are available during this time and what are the average wait times?
  • What type of online customer services do you offer?
  • If I am not satisfied with the worker installing my security system, how may I request a new installer?
  • On average, how long will I wait for a new installer to be assigned?

Sourcing across North America?

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Key elements for every RFP

What should my Security System Installation in Canada RFP include?

Project Budget

  • Buyers should state their total budget for the installation.
  • If post-installation services are being provided, buyers should provide a budget breakdown for installation and additional services.
  • Buyers should provide details regarding cost overruns, contingency costs and how additional costs outside of the stated budget should be handled.

Selection Criteria

  • Buyers should consider the proposed cost of installation from each supplier.
  • Buyers should consider the level of experience of each potential supplier and previous installations they have completed, particularly on buildings similar to the buyers.
  • Buyers should consider the methodology proposed by each supplier.
  • Buyers should consider the proposed hardware and whether the hardware meets their desired specifications.

Project Schedule

  • Buyers should provide an outline of the key dates pertaining to the RFP process, including the date to inspect facilities by, the date to submit questions by and the final date for bids to be submitted.
  • Buyers should state when final selections will be made and when the supplier with the winning bid will be contacted. Buyers should state whether non-winning bidders will be contacted or not.
  • Buyers should provide a project schedule that outlines key milestones throughout the installation and post-installation.