Cost Estimators

• Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
• Prepare estimates for use in selecting vendors or subcontractors.
• Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
• Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
• Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
• Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
• Set up cost monitoring and reporting systems and procedures.
• Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
• Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
• Prepare and maintain a directory of suppliers, contractors and subcontractors.
• Establish and maintain tendering process, and conduct negotiations.

Source: O*NET OnLine information for Cost Estimators.

• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Speaking - Talking to others to convey information effectively.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
• Writing - Communicating effectively in writing as appropriate for the needs of the audience.
• Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.

Source: O*NET OnLine information for Cost Estimators.