Pricing Data Services: Independently Researched
Our Methodology
Property Report
Pricing Updates
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:
- General contractors
- Insurance adjusters
- Insurance carriers
- Market surveys
- Retailers
- Subcontractors
- Suppliers
Verisk’s Pricing Data Research for labor, materials and more
Verisk’s Pricing Data Research for labor, materials and more
Verisk updates pricelists every month for more than 460 regions across the United States and Canada. We compile our discoveries into a comprehensive monthly report detailing changes in major categories, shifts in lumber markets, fluctuations in gasoline prices, and additional insights
Our research methodology
We rigorously collect, carefully analyze, and consistently share the results of our materials and labor pricing research.
We analyze millions of market price points each year from multiple, third-party sources.
- Thousands of in-field estimates submitted through Verisk every day (i.e., estimates used to settle claims)
- Market surveys of industry professionals
- Retail pricing research
- Unit-price research based on surveys with over 100,000 contractors, subcontractors, suppliers, and equipment rental companies
- Pricing feedback from in-field users
- Customer-specific cost data
- Catastrophe-specific pricing research
- Additional research surveys
- Multiple third-party sources for data, such as worker’s comp, federal taxes, state taxes, and local taxes
All collected market research is organized 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 building cost data
Time and materials cost
- More than 50,000 providers of materials, equipment, and labor
- More than 290,000 survey points each year
Analysis of actual damage repair estimates
- More than 5 million estimates each year
- More than 13 million data points each month
Direct surveys of construction markets
- Restoration/remodeling/new construction
- General contractors and sub-contractors
- Over 7,300 survey points each month
Verisk contents pricing data
Our 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 pricing data:
- Is researched and published monthly in the US and Canada
- Reduces the time it takes to research and negotiate pricing for individual items
- Maintains objectivity through independent research and validation
- Breaks down material and labor costs into detailed components
We research and report on structural repair and cleaning cost information for more than 500 geographic regions in the US and Canada.
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 labor pricing are invaluable.
- Information from estimates that are returned to XactAnalysis is automatically included in our pricing database. The feedback utility only collects information from completed estimates.
- Submit online feedback by logging in at www.XactAnalysis.com
- pricing@verisk.com (US)
- pricing@verisk.ca (English-speaking Canada)
- prix@verisk.ca (French-speaking Canada)
- Please provide information such as name and company information, the city in question, the line item in question, the price to be reviewed, and contact information for contractors, sub-contractors, suppliers, and others who can verify the price submitted.
Watch an Xactimate pricing feedback tutorial
Xactimate Xpert Tip: How to Provide Pricing Feedback for Xactimate
Watch an Xactimate pricing feedback tutorial
Learn how to influence local and national pricing data.
Verisk pricing data powers the ecosystem
Xactimate + Pricing Data Services
The most powerful and comprehensive solution for property claims estimating.
XactPRM + Pricing Data Services
A new level of efficiency and accuracy for managing property preservation and repair bids for everyone involved.
XactRemodel + Pricing Data Services
Rapid project visualizing and estimating for remodeling professionals.
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