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Procurement Market Intelligence Report

Armored Transport Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

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 ?

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Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

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Key elements for every RFP

What should my RFP include?

Project Budget

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.

Selection Criteria

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.

Project Schedule

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?

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HIGH

MEDIUM

LOW