Skip to the content

Procurement Market Intelligence Report

Flexible Tanks
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Flexible Tanks?

What is the average price of Flexible Tanks?

This procurement report includes pricing information to help you purchase Flexible Tanks. 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 Flexible Tanks 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 Flexible Tanks 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 Flexible Tanks?

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 Flexible Tanks 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 Flexible Tanks?

The market for flexible tanks contains an estimated 350 domestic suppliers. Because the top four competitors are estimated to account for less than 30.0% of the total market revenue, market share concentration is considered to be low. However, due to vendors gaining stronger brand awareness and capturing more market revenue,... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Quality

What standards do you use to measure the durability, reliability and quality of your flexible tanks?

What is the typical inspection process that your flexible tanks go through? What internal testing procedures do you use to ensure product quality?

What is the life expectancy of your flexible tanks?

How often is maintenance required and what does it entail?

Have you ever delivered a product that did not meet the quality standards of the buyer? If so, how did you rectify the situation?

Supply Chain

How do input price fluctuations affect buyers?

What is the greatest risk to your supply chain?

How often do issues in your supply chain affect product availability?

Do you have contracts with multiple raw material suppliers or manufacturers?

What are the criteria for picking the manufacturers and suppliers you partner with? How do their changes impact my price?

“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 Flexible Tanks RFP include?

Project Budget

Buyers should consider whether the supplier has provided flexible tanks successfully to an entity of a similar size and scope to the buyer's within the past five years.

Buyers should ensure that the supplier has demonstrated their financial viability.

Buyers should consider whether suppliers are located close by and thus can offer lower or no shipping costs.

Buyers can refer to the Buying-Decision Scorecard for more factors to consider.

Selection Criteria

Where relevant, buyers should provide an upper bid limit or price range for the contract.

Buyers may wish to provide information on where the funds are coming from (i.e. if it is a government-funded project or a grant).

Buyers should stipulate the payment terms (i.e. the payment will be made upon receipt of the first flexible tank delivery, or in increments throughout the length of the engagement).

Buyers should indicate the preferred pricing terms for goods and services required beyond the scope of the initial contract.

Project Schedule

Buyers should specify when the contract will be finalized and awarded.

Buyers should specify when the contract begins and stipulate how long the contract will run for, or a date by which the supply contract will end.

For an ongoing supply contract, the buyer should stipulate any probationary or review period wherein the contract can be canceled without early-termination fees.

Evaluate major factors to mitigate risk

How risky is the Flexible Tanks supply chain?

Supply chain risk is moderate in the flexible tanks market. Although risk from upstream suppliers is unlikely to affect the supply of the main components or raw materials, it may impact the price the buyer ultimately pays for the products. Of the second-tier suppliers, gasoline and petroleum wholesalers pose the... Subscribe to learn more.

HIGH

MEDIUM

LOW