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Key Features Of Our Validation Product:
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We operate an entirely
paperless process. Faxed instructions are automatically converted to an
electronic format and imported into our database.
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Our pricing model is founded
on our bespoke measured schedule of rates, reviewed periodically to
account for changing market conditions. The schedule has been developed
by a team of quantity surveyors, based on the estimating practices of
small to medium sized contractors operating within the domestic planned
works market. Prices are automatically adjusted for regional
geographical variations, driven by loss address postcodes.
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Claims are validated by our
validators, all of whom have appropriate, relevant construction and
insurance experience. Their knowledge and expertise is transferred to
our clients via comprehensive validation reports.
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Our validators use Status Quotes’
electronic pricing tool to create their validation reports, which are
automatically generated via our bespoke software application. The
reports are submitted to our clients by email, ensuring a transparent
audit trail and allowing robust service level compliance measurement.
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The
reports contain detailed pricing information, broken down line item by
line item, comparing the policyholder's 'own' estimate against our
pricing schedule to check whether they are fairly priced. An optional
'Remarks' section offers further key information on either price or
liability to help claims handlers maximise the savings recommendations
suggested.
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