Pricing Data Services: Accurate, Localized Cost Information

Accurate, up-to-date cost information that reflects current market prices and helps unite stakeholders in the settlement of claims and other transactions.

The challenge of cost accuracy

Within the restoration industry, accurately estimating the costs of damage and repairs is a key challenge. Reliable, consistent pricing unifies the industry and keeps everyone on the same page. At Verisk, we report on cost information reflected in actual market prices.

A current and local pricing database

Verisk is the industry leader in research, as our pricing data represents the standard of reliability and consistency. Our team reports cost information based on actual prices and transactions (completed bids) that have occurred recently in your area.

Time and materials cost

We rely on over 50,000 providers of materials, equipment, and labor. Additionally, we collect more than 345,000 survey points each year. 

Analyzed damage repair estimates and surveys

We analyze more than 5 million estimates annually, collecting data from more than 13 million data points and examining over 7,300 survey points each month. 

Contents pricing data

Verisk maintains the largest contents database in the industry, featuring millions of vendor-specific items, 300,000 discontinued items, and 8,000 general quote items. 

Our research methodology

Phase 1: Conduct market research

Each year, we meticulously analyze an array of market price points from numerous third-party sources, including thousands of daily in-field estimates submitted through Verisk. 

Phase 2: Review and verify

All collected market research is organized in preparation for data integrity checks. 

Phase 3: Analyze for insight and publish

We perform cluster analysis on various subsets of gathered research to identify the mid-range market price points. This proprietary process was designed by Brigham Young University PhDs. Market research results are then published and made available to the public.