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Procurement Market Intelligence Report

Building Fireproofing Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Building Fireproofing Services?

What is the average price of Building Fireproofing Services?

This procurement report includes pricing information to help you purchase Building Fireproofing 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 Building Fireproofing 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 Building Fireproofing 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 Building Fireproofing 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 Building Fireproofing 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 ?

The top four providers of building fireproofing services control less than 30.0% of the market, indicating a low level of market share concentration. There are around 12,000 vendors operating in this market. ProcurementIQ research indicates that during the previous three years the number of firms in the building fireproofing services... Subscribe to learn more.

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?

Experience

What are your criteria for employment?

How long have you been in business?

On average, how many years of experience do your contractors have? Do they have relevant education or certifications?

What similar projects have you worked on? What challenges may this project present based on your experience with related projects?

On what types of buildings do you most commonly work?

Do you do more work with new construction, renovation or retrofits?

Regulation

Have you received any citations for regulation violations recently? Have any of the projects you worked on failed an inspection?

Have you been endorsed by any relevant trade associations? If so, can you provide proof of your endorsement or certification?

What changes have you made to ensure the safety of clients and employees in response to the coronavirus pandemic? Are these changes compliant with OSHA standards?

How would you deal with changes to regulations during a project, such as new or increased workplace safety regulation?

Quality & Capacity

Can you provide client references from similar projects you have worked on?

Do you have any recent examples of projects where you went over budget or past the project timeline? If so, how did you resolve the situation?

How much advanced notice do you need to begin a project of my scope?

How many contractors are you capable of providing at one time?

Do you own all of the equipment necessary to provide the services I am requesting? If not, how will you obtain the necessary equipment?

Transparency & Customer Service

How often do you update clients on work progress?

How often do you have recurring business with your customers?

How do you measure the productivity of your workers?

Do you guarantee a certain amount of productivity per billed hour?

Do you work on multiple projects for different clients simultaneously? If so, how will you ensure other projects will not negatively affect this project?

Materials

How do you source the materials you are purchasing and how do you ensure the price you pay competitive?

How has the coronavirus pandemic affected the price you pay for materials or your ability to purchase them?

What materials would you use for this project and how would this affect the price?

How do you evaluate product quality when choosing which materials to work with?

Do you charge an additional fee if I provide my own materials?

Additional Services

What additional services beyond fireproofing do you provide?

Are there discounts for bundling services?

Will any work need to be subcontracted out? Will subcontracting add to the project's costs?

What is the largest service, in terms of revenue, that your company provides?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget for fireproofing services.

Buyers should describe their preferred payment method and schedule, such as a one-time payment upon completion or progress billings.

Selection Criteria

Buyers should evaluate suppliers on their breadth of services and ability to meet the buyer’s needs.

Buyers should prefer a vendor capable of offering competitive prices.

Buyers should reference the Buying-Decision Scorecard of this report for a more detailed list of key selection criteria.

Project Schedule

Buyers should include the date and method by which proposals must be submitted.

Buyers should specify when bid award information will be communicated to prospective suppliers.

Buyers should highlight when they expect suppliers to begin the project and when they expect the contract to be fully executed.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for fireproofing services has a moderate level of risk. Vendors in this market rely on the purchases of fireproofing materials, specialized construction equipment and hardware tools to provide their services. Fireproofing materials suppliers experience moderate risk due to the fluctuating price for important raw materials such as... Subscribe to learn more.

HIGH

MEDIUM

LOW