White Paper
The Pricing Methodology Summary
The Pricing Methodology Summary outlines Xactware's approach to estimating repair and rebuild costs. It relies on market data from recent transactions, surveys, and estimates to report a market price. Key elements include labor efficiencies, with two options: one for restoration/remodeling and another for new construction, impacting labor productivity rates. It also covers overhead and profit, sales tax rules, and depreciation calculations. Prices are published regularly, with Xactimate and XactContents updated monthly or weekly, depending on demand. The document emphasizes that final pricing decisions depend on estimators and job conditions.