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.
Verisk is the industry leader in research, 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.
We rely on over 50,000 providers of materials, equipment, and labour. Additionally, we collect more than 290,000 survey points each year.
We analyse more than 5 million estimates annually, collecting data from more than 13 million data points and examining over 7,300 survey points each month.
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.
See how to provide pricing feedback, and learn how your feedback can affect local and national pricing data.
Verisk updates pricelists every month for 460+ regions across the US and Canada. We compile our discoveries into a monthly report detailing changes in major categories, shifts in lumber markets, fluctuations in gasoline prices, and additional insights.
Each year, we meticulously analyse an array of market price points from numerous third-party sources, including thousands of daily in-field estimates submitted through Verisk.
All collected market research is organized in preparation for data integrity checks.
We perform cluster analysis on subsets of gathered research to identify mid-range market price points using a proprietary process was designed by Brigham Young University PhDs. Market research results are then published and made available to the public.
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