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Procurement Market Intelligence Report

Safe & Vault Installation
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Safe & Vault Installation?

What is the average price of Safe & Vault Installation?

This procurement report includes pricing information to help you purchase Safe & Vault 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 Safe & Vault 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 Safe & Vault 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 Safe & Vault 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 Safe & Vault 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 lack of major vendors in this market creates a low level of market share concentration. ProcurementIQ estimates that there are 7,000 safe and vault installers, and no single supplier controls more than 5.0% of total revenue. Market share concentration has fallen during the three years to 2020 as more... 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 types of similar projects have you worked on in the past?

On average, how many years of experience do the members of the installation team have?

What kind of training do your employees receive?

Which types of installations does your company most often complete?

Which types of installations have you found to be the most complicated or challenging?

What is your on-time completion rate for projects such as this one?

Service Performance

How do you ensure the accuracy and quality of your services?

Who evaluates the installation once it has been completed to ensure there are no mistakes or faults in the installation?

How often must you redo the whole or part of the installation process?

What type of equipment do you use to complete the installation process?


If you supply the safes and vaults as well as installation, how do you compete with companies that just install the equipment?

If you only provide installation services and do not sell the safes and vaults as well, how do you compete with companies that do both?

How do you market your services to potential clients?

What incentives do you give to convince clients to use you for future installations?

Customer Support

Does my account have a dedicated customer service representative available to answer any questions or address any concerns?

How often are clients dissatisfied with installations after they have been completed?

What is the average response time for issues requiring customer services?

Do you have 24/7 customer support, or is support only available during regular business hours?


What specialized skills and certifications do your employees possess?

How extensive is your training?

How do you measure your employee's skills before and after training?

What is the average tenure of your employees?

How does employee turnover impact your ability to complete installations on time or take on multiple installations at once?

If an employee assigned to my installation leaves, how will that employee be replaced?

Do you outsource some of your work to subcontractors?

Value-Added Services

What value-added services do you offer?

If I purchase a safe or vault from you in addition to installation services, what type of discounts do you offer?

If you do not manufacture or distribute the equipment, do you have partnerships with manufacturers or distributors that can give me discounts?

How have the value-added services you offer affected the level of competition you face from other companies?

How much of the installation process do you subcontract out, and how do maintain service quality if you do?


How often do you experience delays in installations?

How accurate are your time estimates for installations?

How often are projects completed within the specified time frame?

How have you changed your processes and services to improve installation times?

What checks and balances are in place to ensure that the installation is completed without sacrificing the quality of services?

Can you create a timeline of steps involved in completing the installation?

Geographic Coverage

How far will you travel to complete an installation?

How does my distance from you impact installation prices and travel costs?

What experience do you have in moving safes and vaults from one location to another to install the equipment in a new facility?

How far will you move equipment I already own, and how will this impact prices?

What makes your location more strategic than your competitors'?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should specify their total budget for safe and vault installation.

If buyers are purchasing a safe with the installation services, buyers should breakdown their budget for both the safe and the installation.

Buyers should detail their preferred payment method and schedule.

Selection Criteria

Buyers should evaluate vendors on their relevant experience and the quality of their references.

Buyers should give preference to vendors that are capable of offering competitive pricing.

Buyers should assess the customer service capabilities of prospective vendors.

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

Project Schedule

Buyers should indicate the final date that queries will be accepted from prospective vendors.

Vendors must disclose the date and time by which proposals must be submitted to be considered for award.

Vendors should specify when award information will be communicated to vendors.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Safe and vault installation companies face a moderate level of risk from the supply chain. Risks from power tool, truck and fuel wholesalers and manufacturers primarily affect suppliers. Any risks from safe and vault manufacturers also impact suppliers. Rising prices for safe and vault components and parts can strongly impact... Subscribe to learn more.