XactPRM: Estimating
XactPRM is the hub of the Xactware solution, supporting bids for everything from simple maintenance tasks to comprehensive building repair and restoration.
XactPRM streamlines the process of assigning, receiving, and completing bids. Its unified workflow reduces unnecessary duplicate data entry.
XactPRM bids tap into Xactware’s database of current and localized repair and maintenance pricing data. Xactware’s pricing data, which is collected continuously, is used to estimate more than 75% of all property insurance losses in the United States. This data has been formatted and expanded specifically for the property preservation and repair market.
With XactPRM, it becomes easy to turn a property scope into a finished bid, complete with photos and notes. For more complex repairs, XactPRM helps all skill levels develop a professional-looking bid with precision and speed. In fact, with XactPRM’s many time-saving features, users can scope properties and complete bids up to 30 percent faster than other methods.
Unified Workflow
XactPRM’s customizable bid management workflow solution will change the way property repair and maintenance bids are assigned, tracked, and approved.
Once a property is entered into the system, everything from bid assignment and estimation to submission can be completed without duplicate data entry.
XactPRM’s mobile app makes it possible to receive assignments, complete estimates, and return bids via an iPhone or iPad. Bids can be built using inspection requirements or checklists and photos, voice notes, written notes, CAD drawings, and more can be attached.
XactPRM’s built-in alerts will flag users when aggregate limits for properties or line items have been reached, indicating that an exception request is needed.
When connected to XactPRM Analytics, completed bids can be delivered electronically to mortgage owners or servicers for approval.
Time-Savings Features
XactPRM includes many innovative time-saving features that also enhance bid reliability, including:
One-click entry
An easily searchable user interface helps users quickly identify and add the line-item components needed for a task. Visual, context-sensitive search helps users add an item by pointing to it on an illustration and clicking. Quantities based on dimensions are automatically calculated.
Streamlined bid development
With custom macros it takes a single mouse click to add a series of common tasks, repairs, or combinations of maintenance requirements.
Graphical bid development
XactPRM’s innovative Sketch technology lets users quickly draw an existing structure and the proposed repair as a floor plan or in 3D and then accurately estimate the cost in minutes.
Aerial Sketch
XactPRM makes it possible to use aerial images to measure a roof without climbing a ladder or to calculate the size of a yard without leaving the office. Dimensions can be sent with an assignment and verified on site.
Bid auditing
Upon a bid’s completion, XactPRM will run an audit to identify and alert users of potential errors.
Pricing Data Research
Xactware leads the insurance industry in researching and reporting on reconstruction cost data. Leveraging this expertise, Xactware’s Pricing Data Services experts have developed a property repair and maintenance cost database specifically dedicated to the real estate market.
The extensive database contains line-item pricing data for more than 10,000 items in property repair and maintenance, such as lock replacement, dehumidification, lawn care, and more. Each item contains detailed labor-and-material information.
Xactware’s pricing data is:
Objective
Used by property insurers, insurance repair contractors, specialty service providers, remodelers, subcontractors, and many other reconstruction professionals, Xactware’s pricing is widely accepted as the repair industry standard.
Defendable
With more than 500 years of combined experience, Xactware’s team of construction experts conducts independent research to make sure pricing data reflects current market conditions.
Localized
Xactware researches and reports pricing data for 420 pricing regions in the United States. Price lists can be sent with assignments based on ZIP code.
Customizable
Companies can establish custom allowable reimbursement amounts for standard maintenance tasks.
Continuously Researched
Xactware updates the pricing database monthly, using real-time feedback from property repair contactors in the field; extensive surveys of material and labor suppliers; and analysis of insurance claims estimates.
Learn more about Xactware’s Pricing Data Services.