Learn about actual and potential costs
How much should I pay for Language Schooling?
What is the average price of Language Schooling?
This procurement report includes pricing information to help you purchase Language Schooling. 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 Language Schooling 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 Language Schooling 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 Language Schooling?
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 Language Schooling 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 top four firms that offer language schooling services account for 60.3% of total revenue, indicating a high level of market share concentration. Market share concentration has been increasing over the past three years due to the low barriers to entry and increasing international business. The high concentration is largely... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How early should I book a language course?
How successful are students in an intensive, one-week language course?
What type of course do you recommend based on my current needs?
If my students are still struggling, what alternative options and supplemental services can you provide to ensure they reach proficiency?
How many classes are you able to hold at one time?
How flexible are your course start dates?
How flexible are your instructors' schedules?
What additional services do you provide (i.e. library, media center, bookstore, dining hall)?
How much do textbooks cost? Which publishers do you use?
Do you buy and resell used books? How much would I save by purchasing a used book?
Do you charge for practice exams? How many practice exams are included in the tuition?
How much does it cost to purchase the software associated with the class? How many users can use one license?
How much do you charge for meals? Are you able to serve students with different dietary needs?
How do you place students in housing? How much do you mark up the price for room and board? What amenities are included in each housing option?
Competition & Barriers to Entry
How do you compete with substitute language school providers, such as those that offer software, tutoring, language translation or traditional school options?
How do you compete with language schools that are similar to you? What sets you apart from those schools?
What changes have you made in the past three years to remain competitive? How will these changes affect the courses and price?
What changes do you expect to make to services in the next three years to remain competitive? How will these changes affect the courses and price?
Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Have you had any major complaints with past clients regarding the curriculum? How have you dealt with these complaints?
Have you had any previous experience with clients specific to the industry in which I operate?
Do you have clients that are willing to provide references on your behalf? If so, how can I get in contact with them?
What is the average retention rate among your clients?
Amid widespread health concerns, what contingency plans are in place to the mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?
“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 RFP include?
Buyers should explicitly state the amount of the contract award.
Buyers should explain whether they expect to pay for services after each project or at some other point during the life of the contract.
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay.
Buyers should evaluate the experience of the language instructors that will be assigned to the language schooling services.
Buyers should make sure the provider offers appropriate language instructors that have the expertise needed for the project.
Buyers should evaluate providers based on the estimated costs of the language schooling services they are offering.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to include the date proposals are due and when award information will be available.
Buyers should provide the timeline of the project.
Buyers should also include any other benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for language schooling services is subject to a medium level of risk. However, the majority of the equipment and materials that schools require is not difficult to source. In fact, there is high competition among many of the upstream suppliers of said equipment and materials. Thus, language... Subscribe to learn more.