Differences Between Available Marshall & Swift Cost Estimates

This document outlines the different types of cost estimates that are available and described the differences between a standard report and the 1007 field report.

Document 5109  ¦  Last updated:  12/29/2016 KLF

When using WinTOTAL's Marshall & Swift integration features, you have several choices of cost estimates you can run and insert into WinTOTAL.

Estimates you can run include:

Cost Approach w/Addendum
Uses the Marshall & Swift "Standard Report" to populate the cost approach section of your major form, and will add a copy of the standard report to your WinTOTAL report as a page you can review and edit.  A copy of the standard report will be stored in your digital workfile.
Cost Approach Only
Uses the Marshall & Swift "Standard Report" to populate the cost approach section of your major form.  No supporting addenda will be added to your WinTOTAL report, but a copy of the standard report will be stored in your digital workfile.
Marshall & Swift 1007 [LGL]
Uses the Marshall & Swift 1007 field report and adds a legal-sized version of the 1007 form into your WinTOTAL report.  The cost approach section will NOT be filled out.  A copy of the 1007 form will be stored in your digital workfile.
Marshall & Swift 1007 [LTR]
Uses the Marshall & Swift 1007 field report and adds a letter-sized version of the 1007 form into your WinTOTAL report.  The cost approach section will NOT be filled out.  A copy of the 1007 form will be stored in your digital workfile.

What’s the difference between the standard report and the 1007?

The 1007 field report is designed to work just like the cost estimate handbook does.  That is, it applies the regional location multiplier once at the end, instead of to each individual line-item.  Since the cost approach sections of most major forms don't have fields for you to enter the multiplier on each line, the 1007 data does not lend itself well to application within the cost approach.  The standard report applies the regional location multiplier on a line by-line basis, which lends itself better to filling out the cost approach of most major forms because the data is correct prior to being imported into the fields.


What if there are vast differences between the Marshall and Swift report and the Cost Approach on the form?

Since there are fewer fields in the cost approach than in the SwiftEstimator report, the basement size is going to include the full basement size plus the Finished basement - and then an average of the price per SqFt.

When the cost approach transfer option checkbox is marked checked, WinTOTAL will automatically transfer the Basement SqFt to the field from the front of the form, recalculate, and basically overwrite the data that was transferred from the SwiftEstimator.  If you had the transfer box checked, you should uncheck it, then import the data from SwiftEstimator again.


How do I use WinTOTAL's integration with SwiftEstimator?

To find full documentation on WinTOTAL's SwiftEstimator in the WinTOTAL manual, click here.

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