Learn about actual and potential costs
How much should I pay for Armored Transport Services?
What is the average price of Armored Transport Services?
This procurement report includes pricing information to help you purchase Armored Transport Services. 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 Armored Transport Services 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 Armored Transport Services 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 Armored Transport Services?
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 Armored Transport Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
In 2020, ProcurementIQ estimates that there are 102 armored transport service vendors in the United States. Leading suppliers in the armored transport market include Brink's, GardaWorld and Loomis. Collectively, these three suppliers account for an estimated 83.7% of the market's revenue, indicating a very high level of concentration. Market share... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What are your general hiring requirements?
What qualities do you value the most in your employees?
What type of background checks do you run on potential employees?
Do you require your potential employees to meet any minimum physical benchmarks?
Are you bonded? What type of bonding do you possess?
Do you offer any additional insurance? How comprehensive is the insurance you offer? What is the additional charge for this insurance?
Will there be a discount for continued patronage if my shipment is lost or stolen?
What other types of compensation do you offer in case my cargo is lost or stolen?
What measures do you take to ensure timely delivery?
Can I alter final destination locations while the truck is in transit?
Are shipments tracked in real time?
How soon will I be made aware if any obstacles prevent my cargo from being delivered on time?
Is a single team assigned to my contract or will multiple teams be assigned?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budget for each trip.
Buyers should specify the vendor's minimum required level of insurance coverage in case of loss or damage to any property.
Buyers should specify the payment schedule and method.
Buyers should have clear vendor rating criteria weighing costs, qualifications and reliability. For help creating criteria, buyers can reference the Buying-Decision Scorecard section of this report.
Buyers should select a vendor that has strong client references ensuring reliable and on-time transport.
Buyers should select a vendor that meets the minimum qualification requirements presented in the RFP.
Buyers should select a vendor with a complete and punctual bid submission.
Buyers should include all relevant dates for the RFP process.
Buyers should specify when the final bid award will be announced.
Buyers should specify the protocol if a delivery day falls on a federal holiday.
Buyers should specify the length of the contract they wish to enter, including clear beginning and end dates. As such, buyers should also outline terms for early contract termination.
Buyers should have contingency plans in place for issues encountered while armored transport services are performed.
Evaluate major factors to mitigate risk
How risky is the supply chain?
There is a moderate overall risk of supply chain disruptions in the armored transport services market. The risk of price shocks from upstream suppliers is high due primarily to the risk associated with petroleum refineries. Political unrest and supply fluctuations contribute to highly volatile crude oil prices. Unfortunately for suppliers... Subscribe to learn more.