Learn about actual and potential costs
How much should I pay for Facilities Management Services?
What is the average price of Facilities Management Services?
This procurement report includes pricing information to help you purchase Facilities Management 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 Facilities Management 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 Facilities Management 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 Facilities Management 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 Facilities Management Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
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?
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?
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Key elements for every RFP
What should my RFP include?
Buyers should provide a total annual budget for the contract.
Buyers should break down their budget for each service that will be involved in the facilities management contract (e.g. separate budgets for HVAC maintenance and janitorial services).
Buyers should provide an explanation regarding renewal terms, including the length of the overall contract and if and when contracts can be renegotiated prior to the end of the contract term.
Buyers should provide rules regarding situations that allow for exceeding the budget.
Buyers should consider the pricing of the supplier's services.
Buyers should compare the quality and reputation of prospective suppliers.
Buyers should consider the supplier's ability to perform the required services, including their experience, skillset and financial stability.
Buyers should seek references from prospective suppliers' past or current clients.
Buyers should provide a list of key dates that pertain to the RFP process, including the date to submit questions by, the final date to perform on-site facility inspections and the date to submit a final bid.
Buyers should provide a date by which the vendor will be notified if they are moving forward in the selection process.
Buyers should designate the date by which they intend to make a final selection of a supplier.
Buyers should provide the date when services should officially begin.