In Xactimate, you can control the outcome of your estimate by adjusting the parameters. To access the parameters:
Adjustable parameters are divided into three categories:
In the Pricing category, you can select how your estimate will be priced. You can set price list information, designate the job a new construction, and indicate whether the repairs will be made by the homeowner or a contractor.
You can also set a default activity for the estimate. For example, if you are a contractor and you only perform the teardown, you could set the default activity to – Remove, so that installation and replacement costs are not included in your estimate.
In the Add Ons category, you can declare and adjust any extras that could affect the estimate, such as depreciation, overhead and profit, and market conditions.
Click Salvage/Restored to default salvage and restoration calculations based on a lump sum or line items salvaged.
See also: Set Salvage or restoration details
Click Labor Burdens to view the labor burden factors for your estimate.
Click Sales Tax to add taxes that may not be included in your price list.
Click Additional Charges to add a charge that wouldn’t be included elsewhere in the estimate, for example, a permit.
Tags allow you to attach additional information to a line item, such as a date or vendor number.
Catastrophic events can cause drastic changes in the cost of materials and labor. When a line item price item is changed because of these market conditions, the change is added to the line item unit price as a lump sum. Selecting Distribute Market Conditions distributes the market conditions value across labor, equipment, and material costs
Click Advance Payments to record any advanced payment activity.
Overhead and Profit (O&P) are calculated from the estimate total. For example, if you set Overhead to 10% and Profit to 10% and your total is 100$, then O&P is 20$.
When Cumulate Overhead and Profit is selected, Overhead is calculated first and added to the total. Profit is then calculated from the new total. In our example Profit is calculated from 110$ instead of the 100$. Total O&P would be 121$.
In the Report Text category you can define a header, opening statement, and closing statement. For the opening and closing statement, you can select from available model statements or click Edit to write your own.
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