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Gordian focuses on the location and type of projects and uses them to create from simple to complex and accurate estimates for its customers. The company offers cutting-edge products and services to organizations that build and maintain the essential facilities and infrastructure our communities rely on. “Our team of construction cost data experts has built the RSMeans database that offers up-to-date information on cost data for the planning phase and over the building lifecycle,” informs Tim Duggan, Vice President of Data and Analytics at Gordian. “Our data can broken down from conceptual square foot models to assemblies to unit line item estimates, all within the RSMeans Data Online tool.”
Gordian provides data and assists in creating estimates for clients in both the government and private sectors. Predictive Cost Data, included in RSMeans Data Online Complete Plus, has been a game-changer for the industry, utilizing statistically-developed algorithms that consider external primary data and anticipate future costs. “We follow a statistical and analytical process of indexing materials to external sources to track how prices had changed in the past, and its effect on our cost basis,” explains Duggan.
The company caters to customers across North America and maintains minute records of the cost of each component in the construction process by location. In addition, it tracks fluctuations in prices across the region on a quarterly basis to estimate prices for the next three years. As a result, the comparison of estimate data with the actual cost of construction shows minor differences, if any.
The accuracy of estimates stems from Gordian’s perseverance to innovate and remain updated with trends in materials in the construction market. Gordian’s team understands the utility of new products and replaces older materials to provide its clients with cost-effective estimates for long-lasting solutions. The company uses Life Cycle Costing analysis in identifying associated cost expectations based on manufacturers suggested maintenance and repair and replacement data.
Gordian is fortifying its services with Artificial Intelligence and Machine Learning to automate manual data entry and estimation processes along with leveraging Natural Language Processing for data reconciliation. While guiding clients through the process of building an estimate, the company’s meticulously maintained records are delivered through its online platform, RSMeans Data Online. Gordian’s data engineering and research team works hand-in-hand with the analytics and quality assurance division to monitor customer inquiries and respond to specific situations and enhance the data provided to meet client needs as they evolve.
Gordian is continually improving its online tool in accordance with customer feedback to simplify the estimation process for clients. The company looks forward to integrating data with other industry providers and delivering better solutions for material and cost estimation.
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Company
Gordian
Management
Tim Duggan, Vice President of Data & Analytics
Description
Gordian is the pioneer of facility and construction cost data, software, and expertise for every phase of the building lifecycle. Gordian’s innovative solutions enable customers to build and maintain the essential facilities and infrastructure our communities rely on. The company produces accurate estimates that align with company vision, both present and future. In its calculations, the company empowers unit cost lines with the changing costs of material, labor and equipment required for the project estimation. Gordian’s data engineering and research team works hand-in-hand with the analytics and quality assurance division to monitor customer inquiries and respond to specific situations and enhance the data provided to meet client needs as they evolve
Construction Tech Review
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With more than 15 years of expertise in the human resources field, Miller brings a wealth of knowledge in recruitment and retention, organizational development, change management, and diversity and inclusion initiatives. His prior experience includes significant roles at Vontier, where he served as group vice president human resources for Matco and Hennessy, and at Teletrac Navman, where he was the global vice president of human resources. Miller's background also includes a tenure at Coca-Cola, where he was instrumental in supporting business units and mergers and acquisitions. He holds a bachelor's degree in industrial relations and human resources and an MBA from the Australian Institute of Business.