New Construction Price Lists Position Statement

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“New Construction” price settings in estimating programs remove drive time and labor inefficiencies that are inherent in restoration. To prepare an accurate restoration estimate using pricing software, the user must review the labor efficiency, drive time, yield, and other settings to ensure that appropriate values are applied. Otherwise, the estimate will not accurately reflect the price an insurer must pay on an individual claim to fulfill its obligations under the policy, and it may impede the proper compensation for restoration services to the contractor. 

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New Construction Price Lists Position Statement
Open to download resource.
Open to download resource. This position statement should be used when insurance carriers and their partners attempt to apply “new construction” pricing to property damage restoration projects.
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