Learn about actual and potential costs
How much should I pay for Electrical Contracting Services?
What is the average price of Electrical Contracting Services?
This procurement report includes pricing information to help you purchase Electrical Contracting 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 Electrical Contracting 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 Electrical Contracting 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 Electrical Contracting 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 Electrical Contracting 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 Electrical Contracting Services?
In total, there are about 74,500 electrical contractors in the United States. The top four suppliers of electrical contracting services are EMCOR, Rosendin Electric, Tutor Perini (doing business as Fisk Electric Company and GreenStar Services) and Cupertino Electric, and they account for about 10.0% of the total market revenue in... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
License & Qualifications
What can you do to guarantee that all the required permits, as well as approvals from homeowner's associations and other agencies, will be obtained?
Are your employees licensed?
What have you done to ensure that your employees are sufficiently trained and qualified?
Do you possess any certifications from trade associations?
Do you carry adequate liability insurance, worker's compensation and other necessary insurance?
What are your daily hours of operation? Do you work continuously until project completion?
What do you do with leftover materials and materials removed during demolition?
Will there be a master electrician at the jobsite? If not, how will the site be supervised?
Will you be working on multiple projects during this time, or just my project?
How are you planning on organizing this project in terms of milestones?
How often will progress reports be delivered?
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Key elements for every RFP
What should my Electrical Contracting Services RFP include?
Buyers should include relevant information that will help vendors assess the totality of the project.
Buyers should provide information about when payment will occur. For example, buyers should say whether payment is awarded upon finalization of the contract or over a period of time.
Buyers can refer to the Benchmark Price and Total Cost of Ownership sections of this report for help creating a budget.
Buyers should look for vendors that have highly regarded services to ensure the integrity of the work provided.
Buyers should evaluate vendors based upon their experience, the comprehensiveness of the proposal and price.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include a deadline for proposal submittals and state when the contract will be awarded.
Buyers should include a time frame for the installation to occur and dates for suppliers to survey the work area.
Buyers should include any other benchmark dates that are relevant to the project.
Evaluate major factors to mitigate risk
How risky is the Electrical Contracting Services supply chain?
During the three years to 2019, supply chain risk for electrical contracting services has been moderate. Electrical contractors purchase tools, hardware, light fixtures, electrical equipment and other materials, including electrical wire. Suppliers of market services rely on wire and cable manufacturers to provide crucial components for their service. The price... Subscribe to learn more.
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