Review Prices and Exchange Rates

Price Lists are a fundamental part of Darwin’s cost intelligence model.
While modules define how something is built, price lists define how much it costs today.

Reviewing prices ensures that your estimation reflects the most current market conditions — whether you’re updating material costs, labor rates, or currencies.

This chapter explains how to:

review price lists applied to a project
update or replace a price list
refresh exchange rates for multi-currency projects
understand how prices flow into your estimations

1. Why Price Lists Matter

In Darwin:

Modules store construction logic
Price Lists store market conditions

Separating these two worlds allows you to:

reuse modules across projects
recalculate existing estimations instantly
maintain consistent assumptions
compare costs over time

A change in the price list immediately updates all estimations linked to the project.

2. Accessing Project Price Review

To review price settings for your project:

Open your Project.
Click Price Review in the project navigation.

You will see:

the active price list
its version or creation date
all material, labor, and expense items
any project-specific overrides
applicable exchange rates (if multi-currency)

Screenshot placeholder:
Add here: Project Price Review dashboard

3. Understanding Price Structure

A price list typically contains:

Materials

unit price
unit of measurement
source or supplier (optional)

Labor

hourly rate
trade or skill

Expenses & Logistics

fixed or percentage-based fees
transportation rates
handling or warehousing costs

Exchange Rates (optional)

If your project uses multiple currencies, Darwin tracks which currency applies to which component.

4. Updating a Price List

There are two ways to update prices:

A. Edit values directly

You can click on any price and edit:

numbers
units
supplier references

These changes apply immediately to all linked estimations.

B. Replace the entire price list

If you have a new price list (e.g., monthly update, region change):

Create or upload the new list.
Assign it to the project.
All estimations will adapt to the new pricing.

Tip:
You can switch between price lists to compare how market changes affect your project.

5. Refreshing Exchange Rates

For multi-currency projects, Darwin allows you to refresh rates by clicking:

Refresh Exchange Rates

This automatically:

fetches updated exchange rates
recalculates all currency-dependent items
updates the project summary and estimation totals

This is especially useful for international suppliers or Latin America–US workflows.

6. How Price Changes Affect Estimations

When you update a price list:

every module cost updates
every estimation updates
summaries and breakdowns change accordingly

Nothing needs to be rebuilt.
The structure (modules + quantities) stays intact — only prices change.

This is Darwin’s core idea:
Logic stays stable. Prices stay dynamic.

7. When Price Review Is Most Important

You should review prices when:

starting a new estimation
comparing design alternatives
preparing a proposal
updating supplier quotes
switching regions or currencies
revising a monthly or quarterly estimate

8. Next Step

You’ve now completed the core onboarding flow.

From here, you can explore:

➡️ Catalog (Modules, Materials, Labor)
➡️ Project Documents & Collaboration
➡️ Best Practices

You are ready to estimate confidently with Darwin.