RSMeans Data from Gordian provides data covering various cost line items and quarterly City Cost Index (CCI) updates.
@sirisakboakaew
As a provider of data-driven solutions for the building lifecycle, Gordian released its 2025 RSMeans Data. The RSMeans Data is updated quarterly to reflect the state of cost lines in the industry.
Gordian reported that construction costs continued to increase slightly faster than inflation heading into 2025, with labor wages rising by an average of 4.1% over the past year. This analysis is based on today’s release of 2025 RSMeans Data.
While construction materials, equipment, and labor rates are still on the rise, the increases are not as pronounced as those seen in previous years:
- Labor Rate Changes: Perhaps most notably for construction project managers, labor wages increased by an average of 4.1% over the 2024 report.
- Material Cost Changes: In 2024, Gordian reported an 8.7% average materials cost increase. This year, the average change across the entire database decreased significantly to a 3.1% increase YoY, signaling volatility is tightening. Gordian researchers found that 50% of materials costs experienced a +/-5% change from 2024 to 2025.
- Equipment Cost Changes: The average change for equipment costs was a 4.5% increase YoY, which is also notably lower than the 7% increase reported in 2024. 68% of equipment costs changed by more than +/-5%.
Key Takeaways:
- Compared to previous years, the 2025 data suggests stability in the market.
- RSMeans Data from Gordian provides data covering various cost line items and quarterly City Cost Index (CCI) updates.
- The Godrian Cloud Platform offers capabilities and connectivity across the building lifecycle, intended to help with customer planning, estimating, and procurement.
- In Q1 2024, Gordian started offering more frequent data releases to RSMeans Data Online, advancing from a single annual refresh of the costs with quarterly indexing from the CCI to producing a full refresh of all cost data points every quarter.
- The data can be used by industry experts to estimate various costs.
