Learn about actual and potential costs
How much should I pay for Traffic Control Signals?
What is the average price of Traffic Control Signals?
This procurement report includes pricing information to help you purchase Traffic Control Signals. 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 Traffic Control Signals 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 Traffic Control Signals 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 Traffic Control Signals?
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 Traffic Control Signals 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 traffic control signal market has a low level of market share concentration overall, with the top four manufacturers accounting for less than 20.0% of market revenue in 2020. Low barriers to entry and moderate startup costs contribute to low market concentration by making it easier for new suppliers to... 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?
Company Experience & Health
How long have you been in the business of manufacturing or distributing traffic control signals?
Is your firm insured or bonded?
Are you now or have ever been involved in a merger, acquisition or similar? How has this impacted your business?
What is the credit score of your business?
Do you source materials with a 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?
Amid widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?
How will an increase in raw material prices affect your business?
How would you deal with cost changes for manufacturing machinery?
Prices for some of your inputs have been volatile in the past. Do you have a plan for mitigating supply chain risk due to price fluctuations?
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?
What is the average lifespan of your traffic control signals?
How often are defective products reported?
If a faulty traffic signal is delivered, how quickly will I receive a replacement? Who pays for the shipping cost?
Do installers check to ensure that products are fully functional during installation?
Can you describe your quality control processes?
How are customer service inquiries handled?
What is your response time in the event of a product malfunction?
Do you employ a staff of customer service representatives?
Do you have any records of a time when a client's product was defective and you responded promptly?
What steps do you take to ensure delivery times are accurate and dependable?
How do you transport your products?
What is your policy on returns?
How does the quantity of my purchase affect delivery price? Can I save on delivery costs by bundling other goods?
What if the product is damaged during delivery?
Additional Product Offerings
Are there any other goods and services you supply that pertain to my business?
What advantages are afforded if I choose to bundle traffic signals with other related products you sell?
Does the price change when buying from one location versus another?
If I choose to bundle goods, how do shipping options change?
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Key elements for every RFP
What should my RFP include?
Buyers should submit a budget for the total costs associated with the project, including all delivery fees and any other fees that they may incur.
Buyers should look to bundle multiple related products to receive the best possible discounts.
Buyers should seek discounts based on order volumes.
For help creating a total budget, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.
Buyers should select vendors that have met the minimum specification and cost requirements presented in the RFP.
Buyers should select financially stable vendors that will likely remain operating throughout the duration of their contracts.
Buyers should select vendors that are able to maintain strong quality control practices.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should list beginning and end dates for the contract.
Buyers should list all relevant dates in the RFP process, including deadlines for inquiries and submissions.
Buyers should specify when final bid awards will be announced.
Buyers should list dates for product delivery.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Suppliers of traffic control signals operate with a moderate level of supply chain risk. Although disruptions in the supply chain are unlikely to impact the overall availability of the raw materials used in manufacturing traffic signals, they are likely to lead to notable price fluctuations in this market. The... Subscribe to learn more.