Pricing Data Services: Independently Researched and Rigorously Localised
Our Methodology
Property Report
Pricing Feedback
Product Integrations
A current, local pricing database
A current, local pricing database
We research and report on pricing data from a variety of sources to ensure that no one party or industry has any undue influence on the pricing data we provide. Our Pricing Data Service Team reports cost information based on actual prices and transactions (completed bids) that have occurred recently in your area.
Our pricing sources include:
- Restoration and repair contractors
- Contractors
- Insurance adjusters
- Insurance companies
- Market surveys
- Retailers
- Subcontractors
- Suppliers
Our research methodology
We rigorously collect, carefully analyse, and consistently share the results of our materials and labour pricing research.
We analyse thousands of market price points each year from multiple, third-party sources.
- Hundreds of in-field estimates submitted through Verisk every day (i.e., estimates used to settle claims)
- Market surveys of industry professionals
- Retail pricing research
- Pricing feedback from in-field users
- Customer-specific cost data
- Additional research surveys
- Multiple third party source for data, such as national insurance, UK taxes and employer burdens
All collected market research is organised so that data integrity checks can be conducted.
We perform proprietary cluster analysis on various subsets of gathered research to identify the mid-range market price points. This proprietary process was designed by Brigham Young University PhDs.
Market research results are published and made available to the public.
Verisk’s building cost data
Time and materials costs
- More than 5,000 providers of materials, equipment, and labour
- More than 50,000 survey points each year
Analysis of actual damage repair estimates
- Hundreds of providers of material equipment and labour
- More than 5,000 survey points per year
Direct surveys of construction markets
View MoreOur goal? Report on cost information reflective of actual market prices
Our goal? Report on cost information reflective of actual market prices
Reliable, consistent pricing unifies the industry and keeps everyone on the same page.
Verisk’s pricing data:
- Is researched and published quarterly in the United Kingdom
- Reduces the time it takes to research and negotiate pricing for individual items
- Maintains objectivity through independent research and validation
- Breaks down material and labour costs into detailed components
We research and report on structural repair and cleaning cost information for 11 regions across the UK and Ireland.
How to submit pricing data feedback
Customer feedback and pricing recommendations are a crucial part of our annual pricing research. Your insights into local material and labour pricing are invaluable.
- Information from estimates that are returned to XactAnalysis is automatically included in our pricing database.
- Submit data from estimates not run through XactAnalysis with the built-in feedback utility.
- For Xactimate, select Tools and under Services click Feedback.
- The feedback utility only collects information from completed estimates.
- Submit online feedback by logging in at XactAnalysis.com
Verisk pricing data powers the ecosystem
Xactimate + Pricing Data Services
The most powerful and comprehensive solution for property claims estimating.
ContentsTrack + Pricing Data Services
Use the camera on your phone to digitally build, price, and track your entire inventory.