Construction Estimator Job Description

A Construction Estimator is an individual who calculates costs on a construction project. They analyze data, negotiate with subcontractors, and maintain cost databases. These jobs are in high demand. In order to succeed in the field, you must possess exceptional people skills, analytical abilities, and a good command of the English language.

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Construction estimators calculate costs

When preparing a construction estimate, construction professionals must consider both direct and indirect costs. For instance, an estimator should take into account the cost per unit of paint and the square footage it covers. In addition, an estimator must factor in wiggle room for overtime and subcontractors. A detailed breakdown of labor hours is essential to avoid underestimating the project’s total cost.

For large projects, value engineering may be used to reduce costs. This process examines the function-to-cost ratio and seeks to maximize efficiency while lowering costs. Depending on the nature of the project, construction estimators may have to exercise specialized skills. In addition, they must determine how to allocate costs to different construction divisions.

Construction estimators can work for residential or commercial construction firms, major electrical or mechanical contractors, or independent contractors. Their job requires a strong knowledge of construction, mathematics, organization, and detail-oriented skills. They must also have excellent time management skills. They must also monitor inflation and exchange rates in order to keep track of the cost of construction projects. A construction estimator may be responsible for overseeing several projects at the same time.

Cost estimates are used by project owners to determine the scope of a construction project and allocate budgets. They are also used by contractors in bid evaluations. They are typically prepared with input from architects and engineers and must be accurate to avoid over or under-billing customers. Cost estimates are an important part of earned value management, a system that tracks the progress of the project against the total time and cost estimate.

The process of cost estimating is vital to the success of a construction project. Clients and builders alike worry about the financial impact of project cost overruns. In many cases, they seek multiple estimates from contractors and independent estimators. This helps them determine whether their construction projects are feasible and appropriate. With accurate cost estimates, clients can make informed decisions about their budgets.

Professional training in construction estimation is an important prerequisite for a successful career in this field. There are several different ways to become a cost estimator, from on-the-job training to formal education and certification.

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They analyze data

Estimators analyze data for the purpose of determining total costs for various projects. They consider factors such as labor, materials, insurance, and taxes. They work in many different fields, including architecture, engineering, manufacturing, and construction. Employment of cost estimators is expected to increase by 10.5% between 2016 and 2026.

There are two types of estimators: point and interval. Point estimates generate single-value results, while interval estimates yield a range of likely values. These types of estimators can be biased either over or underestimated. Inefficient estimators require large samples, while efficient ones tend to have low variances.

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They negotiate with subcontractors

Before meeting with a contractor, it is important to define all project details. This includes everything from the scope of work to how to handle change orders. Failure to specify these details can lead to bid discrepancies and misunderstandings with the contractor. In addition, a formal contract outlines the process of approving change orders and prohibiting the assignment or subcontracting of work.

Estimators must recognize and evaluate subcontractors with appropriate experience and qualifications. They must also maintain records of subcontractor bid solicitations and keep track of any bid document changes. Estimators also perform quantity take-offs, develop a preliminary schedule, and ensure that coverage is accurate. In addition, they must be knowledgeable about estimating spreadsheets and formulas.

Estimators must be detail-oriented and self-motivated. They must be knowledgeable in estimating costs and must have strong negotiation skills. A strong background in construction related technologies is required. They must be able to handle bid documents and be strategic in their approach. A high degree in construction is helpful, but an apprenticeship will also prove useful.

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They maintain cost databases

A reliable cost database is a valuable tool for estimating projects. Estimators rely on cost databases to support their Conceptual Estimates, to validate the pricing on detailed estimates, and to target their value engineering efforts. The ability to reference a detailed cost database in discussions about pricing is an enormous selling point for a company.

A cost database typically contains data related to organizational costs and resources. For example, it may include information on how much concrete is required for a construction project. It can also track labor and equipment resources. The cost database also allows users to refine estimates based on specific conditions. It’s important to have a centralized database, as it makes it much easier to compare different estimates and to identify inconsistencies. If a cost database is used properly, it can streamline and automate the process of estimating, saving time and money.

A cost database can be either historical or current. The database should be updated regularly with the latest construction costs. Historical cost databases are updated annually, so they should always be up-to-date. The database should be organized in a manner that is standardized across the organization. This way, the information can be used in future applications.

Another benefit of using a cost database is that the basis for an estimate’s rationale can be stored in the same database as the cost data. This means that the proposal team can access the data in one place and check the assumptions and calculations made in the proposal. This gives the proposal team a single point of reference that can be easily validated by the proposal team or auditors.