Defining the Project
Define business segments, scope, and deliverables
As the quantity and significance of data increases, the conversation around agency data becomes increasingly important to the industry and how we iterate and improve our processes. Many agencies share the same concerns regarding data silos or lack of data analysis expertise. What questions could you answer with a deeper understanding of your data? We help organizations with queries like:
How can we be sure contractors are giving us the best value?
Are our costs reasonable compared to the industry average?
What are change orders telling us about our contracts?
How are our activities (bidding, costs, change orders, etc.) trending over time?
Are there any indicators of collusive activity?
Are we being consistent with our cost estimates?
In answering these questions, we enable agencies to take actions while also setting a baseline for improved data management, analysis, and reporting.
What are you trying to learn about your transportation program? We have a wide range of analysis services available, or we can work with your agency to develop answers to your most pressing questions. All of our services include a presentation of final results.
We conduct detailed analysis and reporting on specified contract work types (e.g., asphalt) that includes breakdowns of vendors pricing, subcontract and suppliers, identification of sources, owners and locations, and confirmation of contract locations.
We analyze your bid lettings and deliver a report that includes contract summary information, comparisons of item bids within a contract and, if notable, across contracts. We’ll provide notes on bids that appear irregular, along with a summary of areas of concern.
We analyze your as-built contract data and compare it to all bids, original estimates, and awarded amounts (both quantities and costs) as we look for irregularities and trends in overruns/underruns.
We’ll produce a report that tracks annual, quarterly, and monthly cost trends on groups like Surfacing, Earthwork, Structural, etc.
Conducted annually or quarterly at your discretion, this analysis breaks down change orders by change order type, contract, item, vendor, location, percent over bid cost, and more.
Define business segments, scope, and deliverables
Gather and organize data, while performing comparative analysis to provide meaningful output
Provide comprehensive deliverables with actionable insights
Since 1977, Infotech has evolved into a tech provider for the infrastructure industry, with solutions ranging from secure online bidding to paperless document routing. That said, we’ve never forgotten where our bread is buttered - data analysis.
From our first case with the Florida Attorney General, we’ve understood the vast potential of data analysis and the truths it can reveal. The way agencies handle their data sets the industry standard for transparency, fairness, and veracity.
Our goal is to help your agency set that standard through an engaging and active partnership. We work with you every step of the way, ensuring you have a primary role in guiding the direction of the project. Our team of experienced professionals will work to customize reports to meet your needs.
What types of organizations does Infotech’s Data Services help?
What types of roles does Infotech’s Data Services help?
Long-range and Detail Estimators
How soon can we get an analysis?
Infotech will make every effort to respond in a timely manner.
What do we need to provide?
The type of data will depend on the specific data service requested. Infotech will describe upon a request for a specific data service.
How are we involved?
Working closely with Infotech to gather requirements
Providing data needed for the data service.
Answering questions Infotech may have during our analysis.
Part of the presentation to your organization
What are the main steps in conducting a market analysis?
Data Review and Cleanup
What types of deliverables will I receive?
Deliverables will vary depending on the data service requested. Services like the Cost Index and Pre-Award Analysis would be provided in a Adobe Acrobat e-Book with bookmarks. A Market Analysis service would result in a presentation and a copy of the PowerPoint slide deck
Any other data format that fits the service
What are the best practices used in your analysis process?
Clarity on problem and outcomes expected
Gather the necessary data
Consolidate data into an actionable customer view
Present what the data is showing
Use the conclusions to make effective decisions.
What kind of support is provided after an analysis is complete?
With the data services we have provided previously, follow up support is often not needed; however, Infotech is always available to answer questions.
How often should an analysis be repeated?
Depends on the data service. Services like Cost Index are on-going and are normally reported quarterly. Pre-Award Analysis services are on-going and reported after each bid letting. Market Analysis should ideally be refreshed every three to five years.
Want to explore how we can work together to tackle your data analysis challenges? Let’s talk.