xactware pricing research & reporting · 2011-02-25 · pricing research methodology * 2010...
TRANSCRIPT
Mike FultonAVP Pricing Data Services - Xactware
David MeffordUtah Flood & Fire
Understanding the Methodology
Xactware Pricing Research & Reporting
• Data Sources / Acquisition Methods
• Publication Cycle
• Cost Breakdown Overview
• Feedback / Communication Processes
• Personal Property Replacement Information
• Questions
Pricing Research Methodology
Pricing Research Methodology
* 2010 values / averages
Research focused on Time & Material Costs
Over 50,000 providers of materials, equipment and labor Over 190,000 surveys / year*
Reported in 467 markets in the US and Canada / 9 markets in the United Kingdom / 2 markets in Ireland Continually evaluating new markets and / or consolidation
Published monthly (N. America) and quarterly (Europe) As often as bi‐weekly when demand surge requires
Analysis of actual damage repair estimates (transaction based research) Over 3 million estimates / year* Over 6 million data points / month*
Direct surveys of construction market costs New Construction / Remodeling General and Sub‐Contractor Over 60,000 / year *
Data Sources
Pricing Research Methodology Publication Cycle
Surveys • Material, Equipment,
Billable Labor Rates, Fringe Benefits
• Installed Unit CostsGovt / Private Publications
• Labor tax, Sales tax, Work Comp, GL
• Market Labor ratesCompleted (uploaded) estimates / claims
Location • Zip • County • State
Quantity• Most common repair scenarios• Economies (or inefficiencies) in labor
USA / Canada ‐Monthly *U.K. / Ireland – Quarterly*Netherlands – tbd
*In all cases, as often as bi‐weekly when needed
Customer & Industry
Communication
Cluster Analysis
Pricing Research Methodology Cluster Analysis
Primary Cluster Identified
$149.50 $184.30
50th Percentile selected
$166.90
←Ranging from→
Return
Bottom Up Research Provides Labor, Material, &
Equipment Costs
Top Down ResearchProvides Unit
Cost Information
Top down research Price currently being charged Most common job scenario Complexity Accessibility Distance
Bottom up research Cost to perform the work Labor, Equipment, Material Price Common yield and waste
Pricing Research Methodology Cost Breakdown Overview
Tools within Xactimate:
Online Tools:
Email feedback / questions: [email protected] [email protected] [email protected] [email protected]
Pricing Research Methodology Feedback / Communication Process
Replacement options available Click‐through purchases directly from
XactContents Incorporate pre‐negotiated discounts
Millions of items available 2.8 million when connected to the web SKU level data General Quote (Good, Better, Best) data Obsolete / historic model # tracking Built in life expectancy information
Direct Data feeds and integration with major national retailers 45 different data sources
Published weekly Live (24/7) updates for many merchants
when connected
Pricing Research Methodology Personal Property Replacement Info
Questions?
Pricing Research Methodology
Mike FultonAVP Pricing Data Services - Xactware
David MeffordUtah Flood & Fire
Understanding the Methodology
Xactware Pricing Research & Reporting