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Procurement Market Intelligence Report

Countertop & Cabinet Installation
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Countertop & Cabinet Installation?

What is the average price of Countertop & Cabinet Installation?

This procurement report includes pricing information to help you purchase Countertop & Cabinet Installation. 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 Countertop & Cabinet Installation 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 Countertop & Cabinet Installation 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 Countertop & Cabinet Installation?

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 Countertop & Cabinet Installation 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 ?

There are about 25,000 suppliers providing countertop and cabinet installation services in the domestic market. Countertops and cabinets are required in a variety of residential and nonresidential buildings. As a result, there are many suppliers vying for a share of this multibillion-dollar market, none of which are expected to account... 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?

Qualifications

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

Do you possess any voluntary qualifications? If so, what are they?

On average, how many years of experience does your staff have in this field? How does that measure up to the industry average?

Do you require your installers to obtain their own licensing?

Are you a member of any relevant associations? If so, what are they? What support do you get from them?

COVID-19

Do you source materials with high exposure to market disruptions resulting from the coronavirus pandemic? 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 pandemic? What measures are you taking to handle increased/reduced demand?

Experience

Tell me about similar projects you have worked on in the past. Were you able to meet the project deadlines?

How do you ensure you will provide a quality installation under time constraints?

How involved will your tenured and experienced staff members be on my project? What are the experience levels of your employees that will be assigned to my case?

Do you have case studies or client testimonials detailing previous installation projects? Can we speak to or visit a current client about their experiences?

Timeliness

How accurate are your time estimates for installation projects? How many staff members do you typically assign to a project similar to the size of mine?

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

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

How are unexpected site conditions handled in relation to the specified timeframe?

Insurance

Are you insured or bonded? What is your claim record?

What is the amount of coverage on each of your insurance policies?

Do you have comprehensive coverage for your vehicles, if applicable?

How much do your monthly or annual premiums cost and how is that incorporated in your rates?

Subcontractor Groups

Are you a part of a larger contractor group? If so, how has this affected your profit margins?

If you are not a part of a contract group, why not? How does this benefit my needs?

Will any subcontractors be hired to conduct our installation? If so, what is their experience and credentials? How are they selected for the project? How are they managed?

Do you guarantee the work performed by your subcontractors? What systems are in place to ensure they deliver a high quality installation?

Vendor Financial Risk

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

What happens to my installation contractors should you go into bankruptcy or out of business?

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

How diversified is your client base? What share of your revenue is derived from consumers?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include as much information about the total scope of the project as possible. If buyers have a current working estimate or budget, this can be included.

Buyers should include information about the payment schedule (i.e. if it is incremental or done at the completion of the project).

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for server racks.

Selection Criteria

Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be reputation, staff credentials, customer service and depth of the technical plan submitted.

Buyers should also choose a supplier based on the price estimate given.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include a deadline for proposal submittals and when the contract will be awarded.

Buyers should include a timeline of the project, including walkthroughs and installation.

Buyers should include any other benchmark dates that are relevant to the project.

Evaluate major factors to mitigate risk

How risky is the supply chain?

There is a medium level of supply chain risk in the countertop and cabinet installation market. Upstream suppliers carry a moderate level of risk on average. Lumber and wood products are the biggest purchase cost for buyers. The coronavirus pandemic raises risks to the supply of lumber. Lumber production declined... Subscribe to learn more.

HIGH

MEDIUM

LOW