Learn about actual and potential costs
How much should I pay for Document Destruction Services?
What is the average price of Document Destruction Services?
This procurement report includes pricing information to help you purchase Document Destruction 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 Document Destruction 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 Document Destruction 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 Document Destruction 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 Document Destruction 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 ?
There are an estimated 170 providers of document destruction services. Market share concentration is moderate, largely due to significant up-front costs required to operate in this market. Specifically, the top four vendors of document destruction services account for little under 50.0% of market revenue. During the past three years,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What is your reputation like among clients and peers, and how have you developed it?
What is your client turnover rate? How long do your contracts last on average?
Has your firm completed any acquisitions in the past three years? If so, how did this expansion affect your business model?
How do you market your services to potential clients? Do you rely heavily on repeat buyers?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle changes in demand?
Supply Chain Risk
How do your relationships with key clients benefit your company?
Where do you source your shredding equipment?
Can you add additional capacity through other subcontractors in the area?
Will you be able to accommodate service requests on any given day? If not, do you have an alternate supplier to which you can refer me?
Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
What is your process for working on multiple projects concurrently?
What priority will this project have in relation to other projects your firm is working on?
Can you create a timeline of steps involved in fulfilling this contract?
What incentives do you give your employees for meeting deadlines or completing work early?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should specify the total budget for the service.
Buyers should state their preferred pricing model, along with their desired payment terms and frequency.
Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should prioritize vendors that are located nearby to reduce lead times and cut fuel costs.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers need to indicate the date when proposals are due.
Buyers should indicate the date by which the service must commence.
Buyers should specify the desired contract length.
Buyers should specify the standard service schedule and frequency, whether daily, weekly or monthly.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for document destruction services presents a low level of risk. Service providers face some issues that affect operating costs, particularly volatile fuel prices. However, market suppliers do not depend on critical inputs that could disrupt services. In fact, the majority of critical inputs for document destruction are... Subscribe to learn more.