#United States #Montreal #SOVRA #PinPoint Analytics #cost estimation

SOVRA Partners with PinPoint Analytics for Market Intelligence

In an exciting development for suppliers in the public sector, SOVRA (formerly known as mdf commerce) has announced a strategic alliance with PinPoint Analytics. This partnership aims to leverage AI-driven solutions to provide enhanced market intelligence and analytics, focusing on public works projects. With a primary base in New Jersey, PinPoint specializes in cost estimation—an area critical for suppliers aiming to secure government contracts.

The collaboration opens up remarkable advanced tools to a growing network. By incorporating PinPoint's cutting-edge cost estimation technology, SOVRA can now offer its extensive supplier base of over one million users innovative ways to evaluate project costs and risks. This not only enhances the accuracy of estimates but also significantly increases suppliers' chances of landing contracts in the competitive public sector landscape.

The Benefits of the SOVRA and PinPoint Partnership

Enhancing Supplier Capabilities

With this partnership, SOVRA is set to deliver substantial value to its suppliers. As Clayton Feick, President of SOVRA Supplier, mentions, integrating advanced cost estimation tools into the platform is a major step toward helping businesses in the construction sector prepare robust proposals while minimizing financial risk. This partnership embodies SOVRA's ongoing mission of making government contracting more accessible and impactful.

Expansion Across the United States

Despite its current focus in New Jersey, PinPoint Analytics is ambitiously looking to broaden its reach throughout the entire United States. This integration with SOVRA is seen as a key step in that expansion, creative innovative, data-driven strategies in the bidding process for public sector suppliers nationwide.

A Vision for Modern Public Procurement

Jim Carr, CEO and Co-Founder of PinPoint Analytics, expresses enthusiasm about this collaboration, stating that it plays a pivotal role in modernizing the public construction market. The use of AI-driven predictive pricing is set to empower contractors with greater confidence, helping them to seize more opportunities. This not only results in better outcomes for contractors but also enhances the effectiveness of public works projects overall.

Helping the Public Works Sector

Traditionally, estimating costs in public works has been fraught with uncertainties, which can expose municipalities and contractors to considerable financial risks. PinPoint Analytics aims to redefine this paradigm. By merging extensive knowledge in data science with over a century of industry experience from The Heritage Group, PinPoint is revolutionizing public works bidding with tools that improve accuracy and reliability in pre-construction planning.

About SOVRA

SOVRA is a powerful procurement platform that connects over one million suppliers to more than 7,000 public sector agencies across North America. Through its various trusted brands, SOVRA has been a leader in streamlining sourcing and expanding access to government contracts, ultimately driving better procurement outcomes. Its focus is on fostering transparency and efficiency, allowing both agencies and suppliers to achieve their goals quickly and easily.

To learn more about the innovation stemming from this partnership and the capabilities of each company’s solutions, please visit SOVRA or PinPoint Analytics.

With this partnership, SOVRA and PinPoint Analytics are not only enhancing the potential for suppliers but also propelling public procurement into a new data-driven era. As they continue to work together, the future of public sector contracting looks promising, with increased opportunities for all stakeholders involved.