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Procurement Market Intelligence Report

Chartered Bus Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Chartered Bus Services?

What is the average price of Chartered Bus Services?

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

The top four suppliers account for 30.0% of total market revenue in 2019, indicating low market share concentration. FirstGroup PLC dominates its competitors in terms of sales volume, capturing over 25.0% of the total market sales. Stagecoach, the second-largest supplier, only generates about 5.0% of total market sales. The remaining... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Accuracy

How do you ensure drivers are on time and responsive?

Do you have a central dispatcher in charge of scheduling?

How do you communicate with bus drivers?

How do you deal with an error in communication?

Driver Training

What certifications are your drivers required to obtain?

How long have your drivers been working in this market?

How do you deal with a complaint regarding your drivers?

How do you find and evaluate new drivers?

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Key elements for every RFP

What should my Chartered Bus 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 trip or at some other point during the life of the contract.

Buyers can consult the Benchmark Price section of this report to determine how much they should pay for each trip.

Selection Criteria

Buyers should evaluate the experience of the drivers that will be transporting the riders.

Buyers should evaluate providers based on the variety of buses available and the number of buses they have available at any point in time.

Buyers should evaluate providers based on the estimated costs of the trips 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 when proposals are due and when award information will be available.

Buyers should provide the timeline for their transportation needs.

Buyers should also include any other benchmark dates relevant to the transportation that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the Chartered Bus Services supply chain?

The supply chain for chartered bus services is moderately risky for buyers, with price spikes from fuel suppliers and auto parts manufacturers representing the most prevalent sources of risk. These upstream suppliers generate lower profit margins than chartered bus service suppliers, leaving them with little room to negotiate on price.... Subscribe to learn more.

HIGH

MEDIUM

LOW