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Procurement Market Intelligence Report

Parking Lot & Garage Management Services Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Parking Lot & Garage Management Services?

What is the average price of Parking Lot & Garage Management Services?

This procurement report includes pricing information to help you purchase Parking Lot & Garage Management 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 Parking Lot & Garage Management 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 Parking Lot & Garage Management 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 Parking Lot & Garage Management 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 Parking Lot & Garage Management 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 Parking Lot & Garage Management Services?

The parking lot and garage management services market is made up of thousands of small suppliers catering to local buyers, with a handful of large companies operating on a national scale. In total, there are about 9,300 suppliers currently operating in the United States, a number that has been increasing... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Performance

What quality control measures do you have in place?

How closely supervised are your employees? Do regular inspections and evaluations take place?

How do you implement feedback from buyers?

What kind of warranty or guarantee can you offer for the quality of your work?

Insurance Coverage

Can you provide proof of insurance?

What is your procedure for processing insurance claims? Can you give an example of a previous situation?

How often are claims filed against your company? Can you provide your claim record?

How much does your monthly premium cost? Are these costs reflected in your prices?

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Key elements for every RFP

What should my Parking Lot & Garage Management Services RFP include?

Project Budget

Where relevant, buyers should state the amount of the contract.

Buyers should state the contract payment terms. For example, whether payment will be made within 30 days of the contract being awarded or in increments throughout the length of the contract period.

Buyers should indicate preferred pricing terms for work that arises beyond the scope of the project and for early termination fees.

Selection Criteria

Buyers should consider the supplier's previous experience, including past clients and notable projects, and the supplier's financial capability to ensure they can realistically provide services for the contract period.

Buyers should consider the peripheral goods, services and staff costs that the supplier is including in the proposed price. This is particularly important for buyers that require event parking management on an as-needed basis.

Project Schedule

Buyers should state the due date for questions and proposals.

Buyers should state the date that the bid will be finalized and when suppliers will be contacted.

Buyers should be clear about any review or probationary periods of service.

Buyers should state the length of the contract, potential renewal terms and any known event dates that require parking management.

Evaluate major factors to mitigate risk

How risky is the Parking Lot & Garage Management Services supply chain?

The supply chain for parking lot and garage management services consists mainly of medium- and low-risk industries, giving this market a moderate level of overall supply chain risk. Several key first- and second-tier suppliers operate in fragmented markets, which boosts competition and lowers the risk of cost pass-through. First-tier suppliers... Subscribe to learn more.

HIGH

MEDIUM

LOW