Learn about actual and potential costs
How much should I pay for Transmission Tower Construction?
What is the average price of Transmission Tower Construction?
This procurement report includes pricing information to help you purchase Transmission Tower Construction. 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 Transmission Tower Construction 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 Transmission Tower Construction 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 Transmission Tower Construction?
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 Transmission Tower Construction 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 ?
Transmission tower construction services can be procured from an estimated 2,800 contractors, 75.6% of which have fewer than 20 employees. ProcurementIQ estimates that the top four vendors of transmission tower construction services (Quanta Services, MYR Group, Pike Corporation and MasTec) account for less than 30.0% of total market revenue, indicating... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Does handling the project from the planning or design phase eliminate the risk of cost overruns?
In your experience, have you been able to accurately budget contingency amounts?
Have you had challenges staying within the budget of a contract? If so, why and how did you handle it?
What cost-saving measures do you employ at your firm?
How do you balance cost savings with maintaining high-quality work?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Cash Flow Management
What is your current backlog value?
Have you ever had cash flow issues in the past? What steps did you take to resolve those issues and ensure that projects met budget and time deadlines?
If you're a large firm with many projects underway, how do you ensure cash flow is not spread too thin?
If you're a specialist or niche business with only a few projects underway, how do you manage cash flow to ensure each project is completed within budget and on time?
Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
Do you have a relationship with a key supplier (e.g. steel distributor) that no other competitor has?
How is your service better than your competitors'?
What is your reputation among customers and how have you developed it?
What incentives do you give to clients to use your company for multiple projects? Do you offer any incentives to firms that refer businesses to your company?
Are you experiencing fluctuations in demand as a result of the coronavirus pandemic? What measures are you taking to handle increased or reduced demand?
“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 specify the desired payment terms.
Buyers should specify the total budget.
Buyers should ensure that the provider's construction expertise can satisfy their needs.
Buyers should ensure that suppliers are capable of providing the range of services desired.
Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating providers.
Buyers should specify the date when proposals are due and when the award will be announced.
Buyers should include any benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for transmission tower construction is moderate. Key inputs are sourced from steel and aluminum processors and distributors, construction machinery wholesalers, wire and cable manufacturers and concrete contractors. Coronavirus disruptions to key upstream suppliers in the market, including factory closures, labor capacity at only 20.0% to 65.0%... Subscribe to learn more.