Learn about actual and potential costs
How much should I pay for Facilities Management Software?
What is the average price of Facilities Management Software?
This procurement report includes pricing information to help you purchase Facilities Management Software. 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 Software 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 Software 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 Software?
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 Software 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 ?
The facilities management software market has a low level of concentration, with the top four providers generating less than 30.0% of total revenue. Although the market contains some of the largest software companies in the world, such as IBM and Oracle, no single player has been able to establish dominance.... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How often do you back up the data on your systems?
What encryption standards do you use for storing and transmitting your data? Has your clients' private data ever been compromised?
Where is your data center located and what security and contingency plans do you have in place to prevent data loss?
According to the vendor agreement, who has access to your data?
What is the renewal rate for customers of your facilities management software?
What similar projects have you worked on in the past? Have you worked with buyers in my market before?
What strategies do you use to scale your facilities management software as your buyers' businesses grow?
How does your experience give you an advantage over your competitors?
How has your product/service helped similar buyers operate efficiently during the pandemic?
How do you attract and retain clients?
How does your firm maintain a competitive edge in relation to other facilities management software providers?
What is your client turnover rate? How long do your contracts last, on average?
Do you provide incentives for long-term clients to stay with your company?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
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Key elements for every RFP
What should my RFP include?
Buyers should disclose their budget for the facilities management software purchase.
Buyers should indicate whether they have any preferred terms for invoicing and payment.
Buyers should list any other software solutions or services they want to bundle with their facilities management software purchase for a discount.
Buyers can reference the Benchmark Price section of this report to determine whether they are paying a competitive price for the software solution.
Buyers should evaluate providers based on the functionality of their software.
Buyers should consider whether providers offer any related services in addition to facilities management software.
Buyers should consider the customer support offerings of providers.
Buyers should reference the Buying-Decision Scorecard section of this report for more information about selection criteria.
Buyers need to specify when proposals are due.
Buyers should indicate the date by which the facilities management software must be implemented in their operations.
Buyers should include the date when contract awards will be announced.
Buyers should indicate how long they wish the service contract to last.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk in the facilities management software market is low on average. Low supply chain risk indicates that market providers are unlikely to experience upstream disruptions that significantly increase their operating costs. Consequently, the supply chain is unlikely to affect prices or the availability of facilities management software, which... Subscribe to learn more.