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Procurement Market Intelligence Report

Translation & Interpretation 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 Translation & Interpretation Services in Canada?

What is the average price of Translation & Interpretation Services in Canada?

This procurement report includes pricing information to help you purchase Translation & Interpretation 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 Translation & Interpretation 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 Translation & Interpretation 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 Translation & Interpretation 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 Translation & Interpretation 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 Translation & Interpretation Services supply chain in Canada?

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HIGH

MEDIUM

LOW

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customer Service

  • What do you do to track customer satisfaction?
  • What is the rate of contract renewal or recurring business among your customers?
  • How often do you seek feedback from clients?
  • If your client is not satisfied, what steps do you take to address the issue?

Additional Services

  • What additional services beyond translation do you provide?
  • Are there discounts for bundling services?
  • Do you give a competitive discount if I switch from another provider to your company?
  • Do translation and interpretation services comprise the majority of your business?
  • Will any work need to be subcontracted out? If so, how do you ensure the quality of services conducted by third parties?

Costs & Fees

  • What services does your fee proposal include?
  • What additional fees, if any, are not included in your proposal?
  • Is there a minimum number of hours charged for in-person interpretation?
  • If written translation services are charged on an hourly basis, is there a minimum number-of-words-per-hour guarantee?

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 Translation & Interpretation Services in Canada RFP include?

Project Budget

  • Buyers should specify their budget, if possible.
  • Buyers should list payment schedules.
  • Buyers should request detailed cost breakdowns for the types of services requested.
  • Buyers can reference the Benchmark Price section of this report for assistance in creating a budget.

Selection Criteria

  • Buyers should evaluate suppliers based on the viability of their submitted work plan and relevant experience.
  • Buyers should request references from current and former clients.
  • Buyers should evaluate suppliers based on their quality control processes and staff qualifications.
  • Buyers should also evaluate suppliers based on cost.
  • For detailed selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

  • Buyers should list when proposals must be submitted.
  • Buyers should communicate to prospective suppliers when bid awards will be posted.
  • Buyers should indicate the desired service term start date and duration of the contract.
  • Buyers should outline the cancellation policy.