In our areas most companies will do one of two things: say that settlement will be less than "x" mm if designed using their parameters, or they might use a high tech correlation like assume 0.5% to 1% of the pile diameter for friction piles.
For most projects the above methods are probably suitable given the limited scope of most investigations, limited amount of testing, variability in testing, variabilty in correlation used to determine parameters.
Eg: I do some SPT tests in 4 boreholes, where the tests have a variability in the test results of +-30% depending on the company and operator. I then convert the SPT N value to a shear strength using some correlation of questionable applicability with a variation of +-30%, or a correlation for SPT N vs soil modulus parameter that was determined by drawing a linear line of best fit through a scatter plot of data...data obtained from 100 tests in a very limited geographic area with questionable applicability to our local soils and limited information on the physical and chemical composition of the soil to compare it to our local soils.
Unless you have a huge amount of data it's probably not worth it to do detailed calcs. I've seen a few projects where it was, but we had half a dozen boreholes, a dozen CPTs plus sonic holes within the footprint of a storage tank which was used to create a 3d model for settlement. I think they got the final settlement whithin 35%.