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Procurement Market Intelligence Report

Security Wire Fencing
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Security Wire Fencing?

What is the average price of Security Wire Fencing?

This procurement report includes pricing information to help you purchase Security Wire Fencing. 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 Wire Fencing 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 Wire Fencing 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 Wire Fencing?

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 Wire Fencing 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 ?

Market share concentration among security wire fencing suppliers is low. An estimated 1,480 suppliers operate in the United States, with the top four vendors accounting for less than 20.0% of total market revenue. Low market share concentration reflects the standardized nature of security wire fencing, which is mass-produced for a... 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?

Supply Chain

How many different suppliers do you use? How long have you been in a supply agreement with these vendors?

Do you own or maintain any upstream operations?

Have you ever encountered a supply chain disruption? If so, how did you handle it?

What procedures do you have in place to deal with rising and volatile input costs?

Experience & Reputation

How long have you been in business?

How many of your customers are long-term, repeat customers?

Do you have case studies or client testimonials detailing your product’s performance?

Could you provide a list of client references, along with contact information?

Additional Products & Services

What products generate the majority of your revenue?

Do you offer discounts when bundling related goods with my purchase?

Do you offer warranties or product guarantees?

Do you offer contractor or maintenance services? If not, can you refer contractors that offer discounts on these services?

Financial Health

Are there any larger companies interested in purchasing your operations or merging your operations with theirs?

What is your company's sales history for the past five years?

Is your company currently dealing with litigation or facing the threat of litigation?

Which markets account for the largest share of company revenue?

Product Delivery

What are my delivery options and how do they differ in price?

What are the most frequent causes of delay?

How are shipment delays handled?

What protocols do you have in place to minimize the risk of shipment delays?

What methods do you have in place to reduce product oxidization?

Quality Control

How often do you experience defects with your products?

How many recalls have you had?

Are there any known quality issues with this particular kind of security wire fencing?

What are the typical inspection processes your products undergo?

What is the return policy and process?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include as much information about the total scope of the project as possible. If buyers have a budget in mind, this should be included in the proposal so the service providers can create estimates based on this amount.

Buyers should include information about the payment schedule (i.e. if it is incremental or done at the completion of the project).

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for fence and gate construction services.

Selection Criteria

Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be reputation, credentials of staff, customer service and depth of the technical plan submitted.

Buyers should also choose a supplier based on the price estimate given.

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

Project Schedule

Buyers should include a deadline for proposal submittals and when the contract will be awarded.

Buyers should include a timeline of the project, walkthrough dates and expected completion date.

Buyers should include any other benchmark dates that are relevant to the project.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk for suppliers of security wire is medium. For manufacturers, the majority of risk stems from supply fluctuations and volatility in input prices. Many upstream suppliers in this market face serious financial risks due to their reliance on steel as a key input. The price of steel... Subscribe to learn more.

HIGH

MEDIUM

LOW