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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 ?

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 2021, and it is expected to remain low during the three years to 2024 as well. High competition... 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 & Qualifications

Tell me about similar projects you have worked on in the past. What challenges did you face and how did you overcome them?

Do you have case studies or client testimonials detailing services you have performed? Can we speak to or visit a current client to ask about their experiences?

What is the difference in qualifications between your lead carpenters and low-level workers?

Do you or your staff possess any additional certifications?

Employees

How do you recruit and retain carpenters?

What specialized skills do you require your employees to possess?

Do your staff members belong to a carpentry union or trade association?

On average, how many years of experience do your carpenters have? How does that measure up to the industry average?

Are training records available detailing training and appropriate competency levels for staff carrying out special processes?

What has your turnover rate been in the past 12 and 24 months? How does your firm mitigate the risks of employee turnover?

Quality Control

How do you ensure the accuracy and quality of your service? What systems do you have in place to review the work done by your staff?

How do you balance quick turnaround times with maintaining maximum possible accuracy?

What kind of warranties can you provide for the integrity of the work?

How often do you experience errors and inaccuracies with your service? How do you handle errors when they occur?

Do you provide a Service Level Agreement (SLA)? What is the extent of the coverage and compensation?

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 ensure 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?

Do you source materials with a high exposure to market disruptions resulting from the pandemic? How are you coping with these disruptions? Have there been any delays in projects?

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?

Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Financial Risk

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

How do you ensure that contracts are consistently 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 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 supply chain?

Supply chain risk in the carpentry services market is low. The inputs suppliers require are typically readily available and inexpensive, and supplies that are more volatile are procured infrequently. For example, fluctuating raw material costs impact the price of power tools, hardware and equipment, but carpenters can typically wait to... Subscribe to learn more.

HIGH

MEDIUM

LOW