Learn about actual and potential costs
How much should I pay for Transit Buses?
What is the average price of Transit Buses?
This procurement report includes pricing information to help you purchase Transit Buses. 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 Transit Buses 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 Transit Buses 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 Transit Buses?
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 Transit Buses 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 transit bus market is composed of about 714 suppliers and is highly concentrated. The market is dominated by two manufacturers (New Flyer Industries and Gillig LLC), which combined account for about three-quarters of market revenue. High market share concentration is the result of several factors, including the FTA's Buy... 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 is the average operating life of your buses?
How does this average lifespan compare to that of your competitors?
What testing procedures do you employ to ensure the bus's longevity?
What testing procedures do you employ to ensure safety?
What is your average on-time delivery rate?
What are the most common reasons for late deliveries?
How will I be compensated if my shipment is late?
What is your delivery schedule, and can buyers develop customized delivery schedules?
Has any aspect of your delivery process changed as a result of the COVID-19 pandemic?
How do you keep up to date with changes in local, state and federal environmental regulation? How do you keep up with changing regulations concerning the COVID-19 pandemic?
What percentage of your buses' components is made in the United States?
How do you ensure compliance with the Federal Transit Administration's Buy America requirement?
How will increasing Buy America standards impact the prices you charge?
How do you ensure compliance with Americans with Disabilities Act requirements?
What do your warranty services cover, and what do they not cover?
What is the duration, in terms of mileage, of your warranties for parts?
Do I have the option of purchasing additional coverage?
What events or circumstances would void my warranty?
Repair & Maintenance
What kinds of repair and maintenance plans do you offer and how much do they cost?
Will you be able to provide spare parts and other necessary equipment and supplies for the entirety of the bus's operating life?
What is your typical response time for service requests? Has this changed amidst the current health crisis?
How will I be compensated if you cannot complete a service request in the allotted time?
Do clients have a dedicated account manager or do they call a general support line?
Do you offer 24/7 customer account/technical support?
What is your process for dealing with customer problems and complaints? Do you have an escalation process?
What is the size of your typical client? Where do we fit in? Does size determine how and by whom an account is managed?
Supply Chain & Financial Risk
How do you manage risk in your supply chain? How have you mitigated your supply chain risk since the coronavirus pandemic?
Who are your most important suppliers? How long have you been in business with them?
Has your company ever been at risk of bankruptcy?
How does your company stay profitable during economic downturns?
“Sending out RFPs used to be a nightmare”
Let’s chat about how procurement market intelligence can reduce
the time you spend issuing RFPs.
Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount for the award.
Buyers should explain the schedule by which payments will be made.
For assistance in ascertaining a reasonable price and price range for transit buses, buyers can consult the Benchmark Price section of this report.
Buyers should look for suppliers that have been in business for a long time and have direct experience providing the kind of transit buses they are seeking.
Buyers should ask for a list of references from current and former customers.
Buyers should give preference to local suppliers, if possible, in order to cut down on costs related to transportation. Furthermore, using a local supplier will simplify communication.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should communicate to prospective suppliers when award information results will be provided.
Buyers need to provide due dates for any ongoing maintenance work.
Buyers should state their general expectations with regard to response time and customer service.
Buyers should list the expected start and finish dates once a prospective supplier is chosen.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for transit buses exhibits a medium level of risk, primarily due to manufacturers' reliance on upstream materials like steel and aluminum. First and second tier upstream suppliers provide manufacturers with the raw and finished steel and aluminum necessary to construct the bodies of transit buses. Furthermore, steel... Subscribe to learn more.