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Procurement Market Intelligence Report

Building Inspection 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 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 Building Inspection Services?

In 2018, 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?

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?

Fulfillment Timeliness

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 Building Inspection Services RFP include?

Project Budget

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.

Selection Criteria

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.

Project Schedule

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 Building Inspection Services 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.

HIGH

MEDIUM

LOW