Pricing dispute

More money & pricing terms

• Price list region

  The geographic area whose labor and material costs Xactimate uses to price a line item. If the estimate was written for the wrong region, the fix is to correct the region or ask for a reprice, not to hand-edit unit prices line by line.

• Price override

  A manual change to a unit price that replaces what the price list would charge. Overrides must be documented, because carriers and reviewers reject unexplained ones, and an override on labor or material is where a supplement argument usually starts.

• Pricing list

  The database of unit prices, labor rates, and material costs an estimating platform applies to line items. The list carries its own effective date and region, so two estimates of the same scope can differ simply because they were priced from different lists.

• Profit

  The contractor's margin on a job, after labor, materials, and overhead are covered.

• Progress billing

  Invoicing for work completed to date on a job rather than billing the whole job at the end. Each invoice should tie to the approved scope and the work actually in place, with photos or a signed draw schedule, because carriers and lenders release money in stages.

• Progress payment

  A partial payment made as a job reaches agreed milestones, such as after tear-off, dry-in, or final inspection. Get the schedule in writing before starting, because a progress payment not tied to completed work is the most common way a contractor ends up financing a customer's job.

Common questions