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Procurement Market Intelligence Report

Masonry & Stonework Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Masonry & Stonework Services?

What is the average price of Masonry & Stonework Services?

This procurement report includes pricing information to help you purchase Masonry & Stonework Services. 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 Masonry & Stonework Services 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 Masonry & Stonework Services 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 Masonry & Stonework Services?

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 Masonry & Stonework Services 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 ?

Market share concentration for masonry and stonework services is low, with the top four suppliers accounting for less than 5.0% of total market revenue. Although some of the top suppliers are diversified contracting firms offering a variety of construction services, the vast majority is made up of small-scale, independent contractors... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Experience and Expertise

How long have you provided these products to your longest-tenured client?

What qualifications does your staff have and what measures do you take to keep those qualifications up to date?

What industry do you most commonly supply this product for?

To what extent will ordering multiple products from your firm allow me to save on costs?

What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?

Supply Chain Risk

Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?

Has the availability of raw materials tightened due to the coronavirus outbreak?

Over the past three years, what percentage of your revenue has been dedicated to labor?

How have fluctuations in input prices affected the prices of your products during the past three years?

How do you mitigate sudden price increases in raw materials?

When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?

How, if at all, has your supply chain been affected by import tariffs levied in 2018?

Regulation

How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?

How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?

What ongoing training procedures do you provide for your staff?

Have you ever been found to be noncompliant with regulatory frameworks?

Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Experience & Expertise

What other companies have you served?

Can you provide me with a list of references with contact information?

What is your renewal/repeat business rate for businesses in my industry? How does that compare to your overall rates?

What kind of training do your workers receive? Do they possess journeyman-level experience?

Can you provide case studies of similar projects you have worked on in the past?

Supply Chain

What protocols do you have in place to mitigate potential disruptions in your supply chain and potential price hikes?

Can you give a recent example of a decision made by management that controlled costs and increased efficiency?

How many different suppliers do you source masonry and stonework materials from?

How long have you been in a working relationship with these suppliers?

Price

How much do I have to put down? Can you give me separate estimates for total labor costs and total material costs?

How likely is the price to increase? What factors could potentially increase the final price?

What steps can we take to ensure the price does not increase? Are there any steps we can take to get the price lower (e.g. buying materials ourselves)?

What is the payment schedule? How will surprise expenses and potential change orders be factored into the payment schedule?

Work Routine

How are you planning on organizing this project in terms of milestones?

Will you be working on multiple projects at the same time or just our project?

Do you work continuously until the project is finished? What time of day do you start working? How late into the day do you work?

What do you do with leftover materials and waste?

How often can I expect progress reports? Weekly? Monthly?

Who will be at the site and how will it be supervised?

License & Qualifications

By what methods do you stay informed about ongoing regulatory changes?

Can you guarantee that you will do all the necessary homework and take responsibility for obtaining all the required local, state and federal permits, as well as approvals from homeowner's associations and other agencies?

Do you possess any additional certifications from trade associations?

Do you carry adequate worker's compensation, property damage, liability and other related and necessary insurance?

Services & Maintenance

What kind of repair and maintenance work will be required for this project over the short term and the long term?

What kind of cleaning, repair and maintenance services are included?

What kind of warranties or guarantees can you provide for the integrity of the work with respect to inclement weather?

Do you offer discounts for bundled services?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should explicitly state the amount for the award.

Buyers should describe the expected pricing model to be used (e.g. time and materials).

Buyers should explain the schedule with which payments will be made.

For assistance in ascertaining a reasonable price and price range for masonry and stonework services, buyers can consult the Benchmark Price section of this report.

Selection Criteria

Buyers should look for suppliers that have been in business for a long time and have direct experience providing the specific masonry and stonework services they are seeking.

Buyers should ask for a list of references from current and former customers.

Buyers should give preference to local suppliers because those suppliers will be able to respond to emergency requests quickly.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should when award information results will be provided.

Buyers need to provide the due dates for any ongoing or scheduled projects and maintenance work.

For ad hoc work or emergency repairs, buyers should provide general expectations with regard to response time.

Buyers should list the expected lead time for similar businesses.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for market services is moderately risky. Masonry and stonework service providers rely on a variety of upstream manufacturers, wholesalers and mining companies to successfully conduct their business. These businesses include but are not limited to sand and gravel miners, construction material manufacturers and wholesalers, light- and heavy-duty... Subscribe to learn more.

HIGH

MEDIUM

LOW