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Procurement Market Intelligence Report

Septic Tanks
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Septic Tanks?

What is the average price of Septic Tanks?

This procurement report includes pricing information to help you purchase Septic Tanks. 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 Septic Tanks 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 Septic Tanks 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 Septic Tanks?

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 Septic Tanks 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 ?

There are an estimated 900 suppliers in the septic tank market in 2021. The level of market share concentration is considered low because the top four competitors account for less than 30.0% of total market revenue. The market is highly fragmented, resulting in hundreds of local and regional septic tank... 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?

Market Competition

How long have you been operating in the septic tank market?

How do your tanks differ from your competitors'?

How do you stay competitive in the market?

Who are your biggest competitors, and how do your operations compare to theirs?

How does your customer service differ from your competitors?

What proprietary inputs or processes do you use that differentiate you from competitors?

Experience

What industries do your clients operate in?

How have you addressed issues with product malfunctions in the past?

Do you need to have a public works certificate to unload and install equipment? If so, how many certified installers do you employ?

Are you responsible for unloading and installing all the equipment at my facility?

How experienced is your company with supplying the type and specifications of septic tanks I require?

Product Offerings & Variety

How many different brands do you carry?

Can you recommend a brand or model that will fit my needs?

What is your top-selling brand or model and why?

What volume of septic tanks do you typically have available?

Are you familiar with commercial septic tanks, or do you specialize in residential septic tanks?

Supplier Size

What size and type of buyer does your company typically supply septic tanks to?

Do you have multiple locations? If so, which location would be providing the septic tank to my site?

How do your other product lines help buyers of septic tanks satisfy other procurement needs?

How many employees work at your business?

Supply Chain Risk

How many suppliers do you source from?

How do you manage risk in your supply chain?

How often do you evaluate your upstream supplier's prices to ensure they are still competitive?

What are the criteria for picking the manufacturers or suppliers you partner with?

Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?

Quality

What standards do you use to measure the reliability and quality of your septic tanks?

What is the life expectancy of your septic tanks?

How often is maintenance required?

Have you ever delivered a product that did not meet the quality standards of the buyer or malfunctioned in some way? If so, how did you rectify the situation?

How do you select the brands you carry?

Shipping

What are your shipping rates to my facilities? Do shipping rates vary if I need products shipped to more than one location?

Do you have multiple distribution centers? Where are your distribution centers located?

What is the most cost-effective shipping method?

What logistical systems do you have in place to manage outgoing shipments?

Have you had issues in the past year regarding late shipments? How did you rectify the issues?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state their budget for septic tanks and all other related goods and services they require.

Buyers should provide preferred terms of the contract, including length, installation and maintenance.

Buyers can consult the Benchmark Price and Total Cost of Ownership sections of this report to determine about how much they should pay for septic tanks.

Selection Criteria

Buyers should take into account the experience of a vendor and their reputation in the market.

Buyers should ensure that a supplier can meet the septic tank specifications required, including material requirements, number of manholes and more.

Buyers should evaluate the level of service and support they expect to receive as ongoing maintenance is a crucial aspect of keeping septic tanks running properly.

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

Project Schedule

Buyers should outline the timeline of all important RFP dates.

Buyers should include the date when proposals are due and when the award will be announced.

Buyers should dictate the payment schedule and delivery dates for septic tanks.

For buyers sourcing installation services through their septic tank vendor, a timeline for installation should be included as well.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk in the septic tank market is moderate. Septic tank suppliers rely heavily on plastic and resin manufacturers as well as concrete wholesalers. The risk of volatile input prices from these first-tier suppliers can dramatically affect the supply of raw materials as well as the cost to... Subscribe to learn more.

HIGH

MEDIUM

LOW