Learn about actual and potential costs
How much should I pay for Resilient Flooring Installation?
What is the average price of Resilient Flooring Installation?
This procurement report includes pricing information to help you purchase Resilient Flooring Installation. 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 Resilient Flooring Installation 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 Resilient Flooring Installation 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 Resilient Flooring Installation?
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 Resilient Flooring Installation 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 resilient flooring installation market displays a low level of market share concentration. In 2021, there are about 15,000 suppliers providing resilient flooring installation services, with the top four suppliers accounting for less than 5.0% of total market revenue. Many suppliers are small companies that focus on their respective local... 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?
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?
What procedures have you implemented to establish adequate knowledge of latest technological developments or market changes?
What former experience do you have in installation projects similar to ours?
In what ways have you stayed up to date with the latest technical developments of resilient flooring installation?
How often have you engaged with companies from our sector?
Have you had any major complaints from past customers associated with service quality, and how have you dealt with their issues?
What are your standard service procedures in the event of services that do not meet buyer requirements?
What communication methods have you established to ensure buyer satisfaction over the span of the installation period?
How available are you in case customers need assistance with particular issues that might arise after installation?
How do you maintain competitive advantage in your business?
What is your reputation among customers, and how have you developed your reputation?
What market segments do you typically operate in, and how exposed are you to any one particular market?
What related products or services do you provide to buyers to add value to your services?
Do you have samples available? How recently were these samples made?
What quality inspection procedures do you have in place? Do you have a designated quality control person?
What methods do you use to fix resilient flooring imperfections?
How do you replace defective installations? How fast is the turnaround?
What are your daily hours of operation? Do you work continuously until project completion?
Will you be working on multiple projects during the period of installation?
How are you planning on organizing this project in terms of milestones?
How often can I expect progress reports?
How does an increase in raw material prices affect your business and me as a buyer?
How would you deal with wage changes?
Prices for some of your inputs have been volatile in the past. Do you have a plan for mitigating supply chain risk due to a price fluctuation?
How do you assure the quality of your primary inputs?
Can you tell me about a time when there was a disruption in your supply chain? What did you do to fix it?
Do you source materials with 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?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount of the contract award.
Buyers should explain when and how many payments will be made.
Buyers can consult the Benchmark Price section of this report to determine how much they should pay for each installation.
Buyers should evaluate the experience of the supplier.
Buyers should make sure the provider offers appropriate types of resilient flooring with the appropriate level of durability and aesthetic appeal.
Buyers should evaluate suppliers based on the estimated costs of the resilient flooring installations 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 when proposals are due and when award information will be available.
Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.
Buyers should outline the times when installation services will be rendered i.e. during work hours or after hours.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for resilient flooring installation services is moderate and will remain so during the coming three years. Most supply chain risk stems from volatility in the prices of commodities, including plastic and wood, which are important inputs for resilient flooring materials. While such prices of inputs are... Subscribe to learn more.