Login

Xactware Publishes May 2020 Price List

LEHI, 
Utah
 — Friday, May 1, 2020 — 

The May 2020 price list updates for more than 460 regions in the United States and Canada are now available for download.

Pricing research for the May 2020 publication shows that average costs for labor and materials used in claims and remodeling increased in every key pricing component. The Retail Labor Rate increased 0.8 percent in the United States and 0.7 percent in Canada since the April 2020 publication, and since May 2019, the Retail Labor Rate increased 6.14 percent in the United States and 5.55 percent in Canada.

All reported percent changes are based on the averages that have been reported either since the April 2020 price list publication or from May 2019 to May 2020. The information reported here is based on a national average, and it is important to note that actual changes will vary within each pricing market. It is also important to remember that Xactware’s published pricing information is based on recently completed surveys and estimate transactions.

For more information about these trends over a longer period of time, read the Quarterly Pricing Trends or the Annual Property Report.

Local market conditions

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

Gasoline prices in the U.S. and Canada

Since the April 2020 publication, gasoline prices decreased 11.57 percent in the United States and increased 4.16 percent in Canada. When compared to May 2019, gasoline prices dropped 38.59 percent in the United States and 42 percent in Canada. 

Because gasoline prices can change rapidly, Xactware recommends users monitor their local costs to determine whether repair or construction costs are affected. For further details, see the U.S. Department of Energy website.

 

U.S.

Canada*

 

Apr. 27

Mar. 30

Apr. 28

Mar. 31

Gasoline National Average

1.773

2.005

0.801

0.767

                                                                                                                                * Canada prices are per liter

XactContents pricing update

Since the last price list update, the XactContents pricing team continued to improve the master item list in both the United States and Canada. They added general quote items for golf club headcovers and five new vendors: 21 Century Smoke, Airvape, Atmos Rx, Central Vapors, and Sharp Home Appliances.

United States

Vendors

160

General Quote Items

 6,376

Master Item List Items

52,970,930

Retired Items

354,795

Canada

Vendors

44

General Quote Items

 6,353

Master Item List Items

7,400,426

Retired Items

315,375

Changes to the May price list

We added new items to the May price lists under the following categories:

  • CHF (Cont: Clean - Hard Furniture) - Items added for cleaning umbrella stands.
  • FCW (Floor Covering - Wood) - Consolidated laminate flooring per square foot items into one series for snap-lock material (FCW LAM-, FCW LAM, FCW LAM+).
  • FEE (Permits and Fees) - Items added for asbestos post abatement air clearance test fees
  • HMR (Hazardous Material Remediation) - Items added for disinfecting and sanitizing buildings per square foot and for DOP inspection.
  • SPG (Sporting Goods) - Items added for golf club headcovers.
  • TCR (Trauma/Crime Scene Remediation) - Items added for disinfecting and sanitizing buildings per square foot and for DOP inspection.
  • WTR (Water Extraction & Remediation) - Items added for disinfecting and sanitizing buildings per square foot and for DOP inspection.

 Customers can view price list modifications on the eService Center. XactAnalysis customers can see the same report by selecting the Price List Changes report in the Industry Trend Reports.

Pricing feedback

Pricing feedback is one of the ways Xactware ensures that the reported cost information reflects actual market prices. Users writing estimates outside program work can return feedback by regularly running the feedback utility within Xactimate, XactRemodel, or XactPRM. Visit our web page for more information about submitting pricing feedback or check out our Xpert Tip on how to submit feedback in Xactimate.

More Information

Xactware’s pricing database is the foundation for many of our products. You can download a price list in Xactimate and XactRemodel, or assign a price list in XactPRM.

For more information about managing price lists, click Help in any Xactware product.

For information on how to quickly find similar and related estimate items, watch our Xpert Tip.