Gordian, a leading provider of facility and construction cost data, software, and expertise, recently announced significant changes to its RSMeans data for 2018. RS Means is the most comprehensive construction cost database in North America. Cost engineers apply their skill and expertise to validate each line item and work closely with data scientists to develop the formulas and algorithms to ensure accuracy, completeness and usability.
New for 2018, RSMeans data will be available in Construction Specifications Institute’s (CSI) 2016 Edition of MasterFormat® which incorporates a redistribution of line items amongst existing divisions. This is an update from the existing MasterFormat 2014 Edition and independent of the changes to more than 80,000 unit line items including materials, labor, and equipment costs.
When announcing the 2018 release, Gordian highlighted that a year-over-year RSMeans data release comparison reveals a significant change in cost lines. For example, 29% of line items incurred a price change of more than 5%. Additionally, 1,236 new cost lines were added to the database to support the ever-evolving construction industry.
“Construction costs are highly volatile, and the changes we found over the past year are more extensive than we’ve seen in the last several years,” stated Bob Mewis, Gordian director of engineering. “This is why having validated, up-to-date data is so critical and why Gordian’s customers depend on us to maintain the most comprehensive construction cost database available.”
The latest prices and line items are always available through RSMeans Data Online, Gordian’s web-based software solution. The 2018 annual update of RSMeans data is now available in book, eBook, and CD formats.