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Procurement Market Intelligence Report

Portable Lighting Equipment Rental
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Portable Lighting Equipment Rental?

What is the average price of Portable Lighting Equipment Rental?

This procurement report includes pricing information to help you purchase Portable Lighting Equipment Rental. 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 Portable Lighting Equipment Rental 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 Portable Lighting Equipment Rental 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 Portable Lighting Equipment Rental?

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 Portable Lighting Equipment Rental 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 ?

Concentration among portable lighting equipment rental suppliers is low, with 4,720 vendors operating in the market. The top three suppliers are United Rentals Inc. (URI), Sunbelt and Herc. Their total market share accounts for less than one-quarter of the market. More than 80.0% of suppliers are small local or regional... 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?

Inventory

What is the average age of your portable lighting equipment?

How do you maintain your equipment when it is not in use?

How frequently do you replace equipment?

Where do you source your portable lighting equipment?

Does your equipment have any antitheft devices (e.g. tire boots)?

Service Performance

What percentage of your lighting equipment has failed to perform? Of that percentage, what percentage was due to user error?

What percentage of your accounts had to be refunded and why?

How often are your employees trained on service quality?

Under what weather conditions is your lighting equipment built to perform?

Safety

How many hours are spent training your staff on safety?

Do you have procedures for the installation and removal of lighting equipment? What does it entail?

What procedures do you follow to ensure that equipment is safe to use?

Do your portable lighting equipment models have recessed light bulbs or a guard around the bulb?

Is your equipment certified by the Nationally Recognized Testing Laboratory (NRTL) program?

Customer Service

Do you provide consultations to help me assess my needs and to meet Occupational Safety and Health Administration (OSHA) requirements?

Do you provide training to use the lighting equipment?

What is the average turnaround time for processing service requests?

How soon do you respond to emergency service requests and what is the procedure?

What types of tasks can I perform online for my account?

Qualifications

What percentage of your clients are similar in size to me and operate in the same industry that I do?

How long have you been providing portable lighting equipment rental services?

How do you keep up to date with the latest trends within the market?

What is the limit of your general liability and worker's compensation insurance?

Pricing Structure

Do you provide a discount if I pick up and drop off the equipment myself?

Do you have a rent-to-own option, and is the rental rate lower?

Are maintenance, repair and training included in the rental price?

What fees can I expect beyond the rental price?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their budget for lighting equipment rentals.

Buyers should outline payment schedules.

Buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.

Selection Criteria

Buyers should evaluate suppliers based on the quality of their inventory.

Buyers should ensure that the provider's equipment meets their specifications.

Buyers should evaluate suppliers based on their relevant experience.

Buyers should request references from current and former clients.

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

Project Schedule

Buyers should outline the length of the contract and cancelation policy, if applicable.

Buyers should indicate the date by which proposals must be submitted.

Buyers should communicate to prospective suppliers when bid awards will be posted.

Buyers should indicate the desired pickup time for equipment after the project concludes.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Portable lighting equipment rental has medium supply chain risk because vendors are susceptible to fluctuations in fuel prices. Fuel is essential for vendors to deliver their services to a buyer's worksite. Spikes in fuel prices increase costs for vendors, which they can pass on to buyers in the form of... Subscribe to learn more.

HIGH

MEDIUM

LOW