There are many tools contractors use in their business & many challenges they face. One of the biggest challenges for many is with many looking for a perfect solution or magic bullet. While I will be the first to say there is no magic bullet or perfect solution one of my favorite tools to handle this is made by a company called XactWare. Is one of three main companies that provide software solutions to insurance companies and adjusters to quickly generate insurance claims. The main program used for this is Xactimate, which contains over 10,000 different line items from cleaning glass to removing and replacing a four stop commercial elevator.
Ok I know what most of you are thinking, that sounds great for them, but there quotes are always low & besides how does this help us? Well, as for the “Low Balling Insurance Quote” we will get to that a little later. Did you know that XactWare makes two products made specifically for Remodelers, Renovators & Insurance Restoration Contractors called XactRemodel & Xactimate? Sketch: One of the biggest selling points is their sketch tool which allows one to simply drop in or create rooms that automatically will calculate out the square footage, how much base or crown molding is required, etc This tool also allows for multiple sketches, importing of pictures, tracing blue prints into this sketch tool, but also imports directly from Eagle View. This program also has a 3D & walk through tool.
Xactimate Software - 2. Reviews, Pricing & Demo. Globetrotter 2 Game. Xactimate is a Web- based claims estimating solution that can be used on multiple platforms. The solution is suitable for contractors and insurance adjusters. Xactimate allows users to receive and send assignments for estimates and valuations to adjusters, contractors and staff. Cost to Install a Baseboard - Notes and General Information. These estimates are for BASIC work performed in serviceable conditions by qualified trade professionals.
Item Search & Description: Ok, how am I supposed to find the one item I need out of 10,000 items quickly & how do I know what it includes? There are five different ways to find it & just about the same amount of ways to add it. They have a simple search feature (i.e.
Drywall 1/2 tape & textured); you can look it up by Category (i.e. Dry – short for drywall); you can search by Division (i.e. Finishes – Gypsum Board Systems); you can click on an item & choose Similar Item Search; and then finally for those new estimators / adjusters you can do a Reference Search which uses Pictures.
Price Lists: Both products use the same pricing list based on the location you are at, though XactRemodel has a smaller list as it does not include cleaning / restoring items. Unlike other companies that simply use a base price (say San Francisco) & mark off or add a global percentage across the board – they actually check on local prices & develop each list separately. As an FYI – the insurance companies have no say on what price is listed, but can provide feedback just like the contractors can. 6 Points to remember (avoiding the dreaded “low ball”): • Base Service Charges: Don’t fall prey to the “we don’t pay Base Service Charges (BSC).” Base Service Charges are used to cover “trip charges, mobilization and planning costs.” The BSC is supposed to be used along with the regular price listed – period.
For those insurance companies that will not, whatsoever allow BSC’s – you can easily select the “Factor Into Unit Pricing” & it is now added in and doesn’t show up as separate line charge • Minimum charges: In some cases, the work to be completed is so small that it would be nearly impossible to get even an unlicensed contractor to do it for the price listed. In these cases there is Let’s look at one quick example — replace 16 SF (hung, taped, floated using figures above) of ½” drywall would only pay out $26.24. Ouch, not good – but wait let’s add in the Base Service Charge of $201.64 which equates to “The base service charge for the Drywall Installer/Finisher is inclusive of three trip charges, mobilization and planning costs.” So now we are up to $227.88 – can you honestly find a reputable installer to do that repair for that price? I know around here most people wouldn’t touch a job like that for less than $500. Ah here we go – strip out the replace 16 SF & replace it with the Drywall Minimum Charge of $325 which “Includes: One 4’x 8′ sheet of gypsum board, 10lbs of joint compound, 50′ of perfotape, and 6 hours labor.