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Procurement Market Intelligence Report

Carpentry Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Carpentry Services?

What is the average price of Carpentry Services?

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

Market share concentration among carpentry service suppliers is low, with the top four vendors generating less than 5.0% of total market revenue. Concentration has been decreasing marginally in the three years to 2018, and it is expected to remain low during the three years to 2021 as well. High competition... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Timeliness

How accurate are your time estimates for projects? How many projects do staff members typically work on concurrently?

How often do you experience problems with the timeliness of projects? What are the primary reasons for such problems?

What checks and balances are in place to assure that the work is done on time without sacrificing quality?

Can you create a timeline of steps involved in fulfilling this contract? What is my recourse if you are late?

What is your average turnaround time for projects of this size?

Contract

What value-added services do you provide? How will including value-added services impact pricing?

How do you determine when contracts need to be changed midterm? How would we handle renegotiations in that case?

Will you accept incentives for completing the project early or disincentives for completing the project later than expected?

How many carpenters' wages will my contract cover? What happens if additional or fewer workers are needed for the project?

Financial Risk

Have you ever canceled a contract before it was completed? If so, what was the reason?

How do you ensure that contracts can be seen through consistently to completion?

Can I see audited financial statements to determine your company's financial health?

How do you adjust your operations in times of high demand and low demand? How do you mitigate demand volatility?

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Key elements for every RFP

What should my Carpentry Services RFP include?

Project Budget

Buyers should provide a maximum budget for the services to be rendered.

Buyers should provide a breakdown of the budget, specifying how much of the budget is to be allocated toward various aspects of the service (labor hours, materials, travel, etc.).

If general carpentry services are being contracted, in which the carpenter is to perform a number of jobs over the contract period, buyers should provide details regarding the ideal pricing model based on the cost of each individual job (i.e. hourly rates for jobs over $2,000 and per-job rates for projects under $2,000).

Selection Criteria

Buyers should weight their decision based on the past experience of a supplier, particularly their past experience performing work that is similar to the services being requested.

Buyers should consider the assigned personnel for the project and their individual experience.

Buyers should look at a supplier’s past track record of completing projects within the proposed timeframe and budget.

Buyers should consider the proposed cost from each supplier.

Project Schedule

Buyers should provide a list of key dates that pertain to the RFP process, such as the date to submit questions by, the date by which facility inspections need to be completed and the final date to submit bids.

Buyers should provide a calendar of key milestones that will occur throughout the contract period.

If buyers are contracting suppliers to conduct a number of services over the contract period, buyers should state with what frequency they expect services to occur.

Evaluate major factors to mitigate risk

How risky is the Carpentry Services supply chain?

Supply chain risk in the carpentry services market is low. Supply inputs to the market are typically readily available and inexpensive, and supplies that do experience more volatility are procured on an infrequent basis. Power tools, hardware and equipment, for instance, may exhibit moderate risk in the manufacturing sector, but... Subscribe to learn more.

HIGH

MEDIUM

LOW