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Procurement Market Intelligence Report

Variable Message Signage
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Variable Message Signage?

What is the average price of Variable Message Signage?

This procurement report includes pricing information to help you purchase Variable Message Signage. 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 Variable Message Signage 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 Variable Message Signage 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 Variable Message Signage?

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 Variable Message Signage 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 Variable Message Signage?

There is a medium level of market share concentration within the variable message signs market, with the top four suppliers collectively generating more than 30.0% of market revenue. There are an estimated 335 businesses supplying variable message signs in the United States. Beyond the top manufacturers, the market is highly... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customization

What level of customization do you offer?

How long is the turnaround for highly customized signage?

Do you offer services to aid in the planning process for large networks of variable signage?

What industries do you most commonly work with to supply variable message signs, and what are the primary applications for their signs?

Costs & Fees

Who bears the cost of shipping charges?

Is the installation cost included in the purchase price?

Does the purchase price include all software needed to make the sign operational?

What additional fees, if any, are not included in your proposal?

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Key elements for every RFP

What should my Variable Message Signage RFP include?

Project Budget

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.

Selection Criteria

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.

Project Schedule

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 Variable Message Signage supply chain?

Variable message signs have a moderate level of supply chain risk. The prices of inputs related to the production of electrical equipment tend to be somewhat volatile, which supports the risk level. Manufacturers purchase electronic components, plastic, steel and light-emitting diodes for use in variable message signs. These goods are,... Subscribe to learn more.

HIGH

MEDIUM

LOW