Learn about actual and potential costs
How much should I pay for Fire Alarms?
What is the average price of Fire Alarms?
This procurement report includes pricing information to help you purchase Fire Alarms. 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 Fire Alarms 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 Fire Alarms 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 Fire Alarms?
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 Fire Alarms 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 ?
ProcurementIQ estimates that there are a total of 910 fire alarm suppliers operating in the US market, composed of 35 manufacturers and 875 distributors. Among manufacturers, market share concentration is moderate, with the top four suppliers (Honeywell International, Johnson Controls International, United Technologies and Robert Bosch) representing less than 40.0%... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How many different suppliers do you use?
How long have you been in supply agreements with these vendors?
What kinds of supply chain disruptions have you experienced or are most likely to occur?
What protocols do you have in place to mitigate the effects of supply chain disruptions?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
What related goods do you recommend I purchase along with the fire alarm?
Why would you recommend I replace all fire alarm systems when I purchase a new fire alarm? What are the benefits to updating everything at once?
What type of discounts do you offer if I bundle the purchase of all related goods with the purchase of the fire alarm?
What type of installation, maintenance and monitoring support do you offer?
What discounts may I earn for purchasing in bulk?
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Key elements for every RFP
What should my RFP include?
Buyers should include as much information about the total scope of the project as possible. If buyers require an exact number of fire alarms, this should be specified here.
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 installation or maintenance.
Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be reputation, credentials of staff, 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.
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, delivery and potential 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?
The level of upstream supply chain risk for fire alarms is moderate because producers of fire alarms are dependent on upstream producers of goods such as circuit boards, copper and plastic. The risk levels of many of these inputs have increased in 2020 due to the impact of the COVID-19... Subscribe to learn more.