Learn about actual and potential costs
How much should I pay for Laboratory Fume Hoods?
What is the average price of Laboratory Fume Hoods?
This procurement report includes pricing information to help you purchase Laboratory Fume Hoods. 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 Laboratory Fume Hoods 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 Laboratory Fume Hoods 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 Laboratory Fume Hoods?
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 Laboratory Fume Hoods 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 Laboratory Fume Hoods?
With an estimated 1,490 suppliers in the United States, market share concentration in the laboratory fume hood market is low. The top four suppliers account for less than 30.0% of total market revenue. However, the level of market share concentration has been on the rise during the past three years... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Where are your facilities located?
Do you have partnerships with suppliers that are more local?
Do you outsource shipping and handling? If so, do you get discounted rates for their services?
What kinds of shipment delays could you encounter from your location? How would you mitigate these risks?
If there are servicing needs, how will you expedite the delivery of services?
Do you offer laboratory planning and design? If so, how much experience do you have providing these services?
Do you provide installation? If not, can you recommend installers?
How long is the warranty that you offer?
What technical support is included in your quoted price?
What are the typical costs for maintenance and common replacement parts? Do you perform maintenance and repair work on the fume hoods?
Supplier Financial Risk
Has your company ever been at risk of bankruptcy?
How much of your revenue comes from your five largest customers? What impact on your profitability would there be if you lost a big customer?
How does your company stay profitable during economic downturns?
What investments are you making in the company's future (e.g. new products and research and development)? What happens if any of those investments go sour?
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Key elements for every RFP
What should my Laboratory Fume Hoods RFP include?
Buyers should state the amount of the contract.
Buyers should dictate the terms of payment preferred.
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for laboratory fume hoods.
Buyers should ensure that any selected vendors are compliant with all regulatory requirements regarding laboratory fume hoods and related equipment.
Buyers should assess the energy efficiency of the fume hoods as it directly relates to the total cost of ownership.
Buyers should consider the level of overall quality of fume hoods because it will affect the life span of the product.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should clearly state the date by which the order should be delivered.
Buyers should specify a submission deadline for vendors to submit proposals.
Buyers should notify suppliers when the bid award will be posted.
Buyers should include a timeline of date milestones, particularly if it is a complex project with multiple fume hoods and more than one location.
Evaluate major factors to mitigate risk
How risky is the Laboratory Fume Hoods supply chain?
Overall supply chain risk for the laboratory fume hood market is moderate. Supply chain risk is primarily associated with the availability and prices of key inputs that go into the production of laboratory fume hoods. These key inputs include metals, such as steel and aluminum, as well as plastic materials... Subscribe to learn more.