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August 15, 2008 Interim Price List Update Now Available

OREM, 
Utah
 — Friday, August 15, 2008 — 

Please be advised that Xactware has just published an interim price list update for all 468 regions in the United States and Canada. This update is meant to address additional increases in labor and materials costs that have occurred since the July 1 2008 publication.

A summary of the increases in this publication are as follows (National Average increases which have been reported since the July 1st publication):

  USA Canada
 
Building materials (most commonly used). 1.7% 1.8%
25 yr composition roof shingles 19% 19%
Carpet material 10% 10%
Billable labor rates .9% .8%
Heavy equipment 4% 4%
Labor and Material Overall (most commonly used) .9% .8%

 

 

 

 

 

 

 

Xactware is continuing to monitor costs in each market and if needed, will publish again prior to the regularly scheduled date of October 1st. We encourage all customers to monitor local prices, make changes to line item costs when needed and / or submit pricing feedback to Xactware. Pricing feedback can be submitted either from within Xactimate itself or online at: https://www.xactanalysis.com/.

Gasoline prices continue to drop for the 4th week in a row
Nationally gasoline prices have dropped nearly 7% ($0.26) since the price list publication which occurred on July 1. See the Dept of Energy website for details at: http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html

Naming Convention for this interim update
Price lists generally use a “year” and “quarter” code within the name to designate the date in which they were published. For example, those published for 3rd quarter 2008 received an “8C” at the end of the name. This code represented the year (8) and the quarter (C=3rd quarter) respectively.

For this interim update, price lists will have a code of “15AUG08” rather than the standard year and quarter designation. You will note this new name in your list once downloaded.

To download a price list in Xactimate:
To use this method, you must be a registered XactNet user.

  • From the Control Center tab click Services in the menu bar, select Request Price List from XactNet, and then click Xactware Price List.
  • From the Request Price List window, enter the country, state/province, and city for the price list you would like to download. If you would like to receive the Zip/Postal code table that goes with the requested price list, then check this box as well.
  • After making your selections, click the Download Now button.
  • A window appears advising you that the price lists have been downloaded and are now available to use in Xactimate. Click OK.
  • If you are currently participating in an insurer program where you normally receive automatic price list updates, you will now receive this newly updated publication dated August 15.

About Xactware
Xactware Solutions, Inc. ("Xactware") is a wholly owned subsidiary of ISO specializing in the property insurance, remodeling and restoration industries. Xactware's technology tools include software estimating programs for PCs and tablet PCs, as well as powerful online systems for replacement-cost calculations, estimate tracking and data trending in real time.

For more information about Xactware's products and services, contact Xactware at 1-800-424-9228 or contact us online.

About ISO
A leading source of information about risk, ISO provides data, analytics, and decision-support services to professionals in many fields, including insurance, finance, real estate, health services, government, human resources, and risk management. Using advanced technologies to collect, analyze, develop, and deliver information, ISO helps customers evaluate and manage risk. The company draws on vast expertise in actuarial science, insurance coverages, fire protection, fraud prevention, catastrophe and weather risk, predictive modeling, data management, economic forecasting, social and technological trends, and many other fields. To meet the needs of diverse clients, ISO employs an experienced staff of business and technical specialists, analysts, and certified professionals. In the United States and around the world, ISO helps customers protect people, property, and financial assets. For more information, visit www.iso.com.