AI Assistant for Cost Estimators

Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Considerable Preparation Needed

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Core Responsibilities

  • 1Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.(Core task)
  • 2Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.(Core task)
  • 3Collect historical cost data to estimate costs for current or future products.(Core task)
  • 4Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.(Core task)
  • 5Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.(Core task)
  • 6Establish and maintain tendering process, and conduct negotiations.(Core task)
  • 7Prepare estimates for use in selecting vendors or subcontractors.(Core task)
  • 8Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.(Core task)
  • 9Set up cost monitoring and reporting systems and procedures.(Core task)
  • 10Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.(Core task)

Top Skills Required

Reading Comprehension
Mathematics
Speaking
Active Listening
Critical Thinking
Judgment and Decision Making
Writing
Complex Problem Solving
Active Learning
Social Perceptiveness

Knowledge Areas

MathematicsEconomics and AccountingComputers and ElectronicsEngineering and TechnologyBuilding and ConstructionAdministration and ManagementEnglish LanguageDesign

Technology & Tools Used

In-Demand Technologies

Adobe AcrobatAutodesk AutoCADAutodesk Revit

Other Tools

Apple AppleWorksAssured Software JPPChoice Job CostComputer aided design and drafting CADD softwareConEst BidTracConEst Electrical FormulasConEst IntellibidConEst IntelliBid Design BuildConEst JobTracConEst Permit TracConEst SureCountConEst T&M Billing Manager

Daily Work Activities

Getting Information
Analyzing Data or Information
Working with Computers
Estimating the Quantifiable Characteristics of Products, Events, or Information
Making Decisions and Solving Problems
Communicating with Supervisors, Peers, or Subordinates
Updating and Using Relevant Knowledge
Processing Information

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