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Procurement Market Intelligence Report

Asphalt Paving Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Asphalt Paving Services?

What is the average price of Asphalt Paving Services?

This procurement report includes pricing information to help you purchase Asphalt Paving 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 Asphalt Paving 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 Asphalt Paving 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 Asphalt Paving 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 Asphalt Paving 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 Asphalt Paving Services?

In 2019, ProcurementIQ estimates that there are over 88,000 providers of asphalt paving services. Collectively, the top four firms account for less than 5.0% of the market’s revenue, which indicates there is a very low level of concentration. Low technical skill requirements have allowed a plethora of small regional suppliers... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Employees

What are the various stages of your hiring process? What specialized skills do you require your employees to possess?

How do you recruit and retain senior staff?

How do you keep your wage costs under control?

Are there records that show prior training and certifications available for all members of the company?

Budget

Have you ever had challenges with costs beyond what was budgeted in your contract? What changes have you made as a result of those experiences?

What cost-saving measures do you employ at your firm?

Who is in charge of maintaining the budget on projects? Is it someone on the key team or an outside eye?

What contingencies are built into your budget, and how frequently are those contingencies used?

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Key elements for every RFP

What should my Asphalt Paving Services RFP include?

Project Budget

If a government entity, buyers should provide information regarding the department that is in charge of determining the budget and providing funding.

Buyers should provide an estimate of their budget.

Buyers should provide an acceptable range for contingency costs.

Buyers should state their desired pricing model for the services (i.e. fixed cost or time and materials).

Selection Criteria

Buyers should provide a main point of contact that will be involved in the evaluation process.

Buyers should evaluate suppliers based on their ability to carry out the necessary services and based on how they have performed similar services in the past.

Buyers should consider the supplier's level of customer service.

Buyers should consider the price of the services, including additional costs that may occur and how the supplier handles cost overruns.

For help developing selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include a detailed outline of the key dates that pertain to the RFP process, including the date to submit questions, the date to inspect project site, the date by which questions will be answered and the final proposal deadline.

Buyers should provide an estimate of when the final service provider selection will be made.

Buyers should provide a timeline of key dates once the vendor is selected and the project is underway, such as the date that suppliers can transport their equipment to the site and the date services will begin.

Buyers should state the length of the contract.

Evaluate major factors to mitigate risk

How risky is the Asphalt Paving Services supply chain?

Asphalt paving service suppliers face moderate overall supply chain risk. Medium supply chain risk makes it difficult for suppliers to effectively manage their assets, often leaving vendors with supply shortages or liabilities that their revenue cannot cover. Consequently, moderate supply chain risk elevates overall vendor risk and increases the risk... Subscribe to learn more.

HIGH

MEDIUM

LOW