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Procurement Market Intelligence Report

Security System Installation
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Security System Installation?

What is the average price of Security System Installation?

This procurement report includes pricing information to help you purchase Security System 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 Security System 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 Security System 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 Security System 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 Security System 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 Security System Installation?

The security system installation market has low market share concentration, with the top four firms accounting for less than 30.0% of market revenue. ProcurementIQ estimates that there are nearly 7,000 companies that offer these services. Many installers have branches and offices spread across different regions of the United States, although... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Related Goods & Services

What related goods and services would you recommend for me based on my business?

What type of discounts do you offer for bundling related goods or services together?

If I use your company to install my security system, how easily can I use another company to provide monitoring and maintenance services?

What type of service support do you provide for related goods and services?

Do I need to have a landline in order to activate monitoring and maintenance services?

Pricing

If I do not purchase a monitoring and maintenance plan with the installation, how will this affect the price of the installation?

If I pay for the installation in advance, what discounts might I earn?

What additional fees do you charge that are not included in the installation price?

What financial penalties will I face for cancelling services prior to the contract expiring?

Trustworthiness

How do you secure passcodes to the security system to ensure your employees do not take advantage of the confidential material?

Have you had any incidents where a buyer's private security information was leaked? If so, how did you handle this situation?

How easily can I change the passcodes to my security system once they have been installed? May I assign different codes to different groups of end users?

How do you ensure buildings are secure while your workers install new systems?

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Key elements for every RFP

What should my Security System Installation RFP include?

Project Budget

Buyers should state their total budget for the installation.

If post-installation services are being provided, buyers should provide a budget breakdown for installation and additional services.

Buyers should provide details regarding cost overruns, contingency costs and how additional costs outside of the stated budget should be handled.

Selection Criteria

Buyers should consider the proposed cost of installation from each supplier.

Buyers should consider the level of experience of each potential supplier.

Buyers should consider the methodology proposed by each supplier.

Buyers should consider the proposed hardware and whether the hardware meets their desired specifications.

Project Schedule

Buyers should provide an outline of the key dates pertaining to the RFP process, including the date to inspect facilities by, the date to submit questions by and the final date for bids to be submitted.

Buyers should state when final selections will be made and when the supplier with the winning bid will be contacted. Buyers should state whether non-winning bidders will be contacted or not.

Buyers should provide a project schedule that outlines key milestones throughout the installation and post-installation.

Evaluate major factors to mitigate risk

How risky is the Security System Installation supply chain?

There is a moderate level of risk associated with the supply chain for security system installation. First and second tier suppliers are exposed to uncertain economic and environmental conditions as well as fluctuating domestic and international commodity prices that may affect this market's prices. The price of locks and... Subscribe to learn more.

HIGH

MEDIUM

LOW