A construction estimator evaluates a project, conducts research, and develops cost estimates and a budget. Cost estimator, quantity surveyor, and construction economist are some of the other titles for a building estimator. The estimator is also responsible for managing the budget after it has been created, as well as overseeing the project’s contracts. These professionals work on a wide range of construction projects, including commercial and residential properties. Many building estimators have a degree in engineering, construction management, or a related field, and they must be able to review and analyze plans.
Contract bids are one of the ways that businesses use the services of a building estimator. In order for the employer to prepare an informed bid, the building estimator must determine the costs associated with a construction project. Collecting data on labor, materials, and project duration is one of the building estimator’s responsibilities in order to arrive at a bid. The estimator also pays a visit to the job site to gather additional information and finalize a plan that includes cost estimates. Many building estimators use forms to submit cost data to construction company owners or other employers.
A building estimator can work in a variety of areas of specialization, though some prefer to provide general services. Some estimators are known as electrical experts for cost estimates because they work on cost estimates for all electrical work required for construction projects. Other estimators may be hired to assess a project’s excavation needs, and these estimators are frequently chosen based on their excavation expertise. Specialized building estimators are frequently hired for large construction projects where each estimator is assigned to one aspect of the project. Generalized building estimators work on whole projects and can work for construction companies as consultants or employees.
A building estimator’s primary responsibility is the preparation of financial statements, such as monthly cash flow forecasts. These are frequently required for construction projects lasting more than 30 days. To ensure that payments to contractors can be made and the project stays on budget, the estimator must assess the financial situation and make forecasts. Tax depreciation and related issues may also be included.
An apprentice or a college degree are both options for a building estimator. An estimator can often earn a certificate after completing an apprenticeship. A person with enough experience in the construction industry can often avoid going to college and work as a cost estimator instead.