Learn about actual and potential costs
How much should I pay for Building Inspection Services?
What is the average price of Building Inspection Services?
This procurement report includes pricing information to help you purchase Building Inspection 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 Inspection 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 Inspection 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 Inspection 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 Inspection 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 about 22,000 building inspection service suppliers in the United States. Collectively, the top four firms account for an estimated 5.0% of the market, indicating the market has a low level of concentration. Aside from requiring a high level of technical knowledge and an... 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?
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?
Certifications & Insurance
Do you have any national certifications, such as the ICC's CBO certifications? If so, how has obtaining these certifications affected your cost structure and your ability to service your clients?
Are there any state or national certifications that you are required to obtain? How do these requirements affect your business?
Do you carry adequate liability insurance, worker's compensation and other necessary insurance?
What impact does maintaining and renewing your certifications and insurance have on the cost of running business?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Amidst widespread health concerns, 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?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
How many years has your company been operating? In what ways has your business evolved over time?
In what industries are your longest-standing clients? How comparable are their projects to mine?
On average, how many inspections do you conduct on a daily basis?
What types of inspections do you have the most experience doing?
Have you provided inspection services on a project similar to mine?
How have your operational costs influenced your prices during the past three years? How do you foresee them altering your prices in the future?
How can you ensure that the final price of the inspection service will not change?
Does your location relative to the location of the building affect your pricing?
Are there any steps we can take to get a lower price for the inspection, such as negotiating under a different pricing model or agreeing to a long-term service agreement?
Building Codes & Standards
How do you ensure that your knowledge of building standards and codes is always up to date?
How have changes in building codes and standards affected demand for inspection services?
Have changes in building codes and standards affected your revenue? If so, what impact did it have?
Have you implemented ongoing training programs for employees to ensure they have sufficient technical knowledge to pass onto clients and customers?
What guarantees do you provide for meeting agreed-upon deadlines?
Have you experienced any issues in the past that have made you unable to fulfill project deadlines or have caused you to breach a contract?
What precautionary measures do you take in cases where meeting a deadline might be problematic?
What additional resources are you able to allocate to the project if it begins to fall behind?
Relationship with the Buyer
How long have you had your longest-serving client?
What are the strongest incentives buyers have for securing long-term, repeated business with your firm?
What is the biggest reason for clients deciding not to seek repeat business with your company?
What do you see as being the most significant benefits from developing long-term relationships with clients?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount of the contract award.
Buyers should explain whether they expect to pay for services after each project or at some other point during the life of the contract.
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay.
Buyers should evaluate the experience of the inspectors that will be assigned to the construction or renovation project.
Buyers should make sure the provider offers appropriate inspectors that have the expertise needed for the project.
Buyers should evaluate providers based on the estimated costs of the building inspection services they are offering.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the date proposals are due and when award information will be available.
Buyers should provide the timeline of the project.
Buyers should also include any other benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Buyers of building inspection services face a medium level of risk from supply chain factors. Market suppliers primarily require insurance, financial backing, as well as computers and software. The medium risk level for this market stems primarily from insurance providers and banking institutions. Although access to credit has been increasing... Subscribe to learn more.