Verisk Industry Trends for July 2020

LONDON — 01 July 2020 —

The July 2020 price list updates for the nine regional pricing databases in the United Kingdom and the two regional pricing databases in the Republic of Ireland are now available for download.

As a provider of estimating and management solutions for the property insurance, refurbishment, and restoration industries, Xactware publishes quarterly price list updates to give insurance professionals and contractors access to current local rates for thousands of building and reinstatement line items. Xactware gathers cost information contained in these schedules from live estimates as they are processed and from frequent surveys with labour and material suppliers.

Read Xactware’s exclusive analysis on COVID-19 impacts to material and labour pricing throughout the U.K., as well as special industry considerations moving forward.

Changes to the July price list

Xactware added three new items to cover additional time spent on COVID-19 project co-ordination, onsite planning and material and equipment collection.  In addition we made alterations to some wallpaper items and masonry items were reworked.  

Please contact the UK pricing team using the email addresses listed below if you would like to discuss further.

Local market conditions
Xactware makes every effort to ensure pricing information contained in the most recent update represents market costs at the time of publication. Since actual market prices can vary and may change rapidly, and since many factors can affect the cost of a project (including—but not limited to—labour, plant, and material costs as well as the rates and application of VAT), we strongly recommend customers monitor their local markets for any such changes and adjust their estimate pricing as deemed appropriate.

Pricing feedback
Please report any price changes to Xactware as soon as possible. We will then adjust any information that can be independently verified for inclusion in future price list publications. You can submit pricing feedback online or via email to Xactware’s pricing team at:

• ukpricing@xactware.com for U.K. inquires
• roipricing@xactware.com for Ireland inquires

Downloading a price list in Xactimate
If you are a registered Xactimate user, you can download price lists in four steps:

• In Xactimate, select Price List tab in the main dashboard,
• Select Request Price List(s) on the menu bar.
• From the “Request Price List” window, enter the country, region, and area for the price list you would like to download.
• After making your selections, select Download.

A window will appear advising you the price lists have been downloaded and are now available for use in Xactimate.