What is a Cost Estimator?
A cost estimator is the person responsible for providing the total costs and time required to complete potential projects. These estimates are used to complete a cost benefit analysis and identify the potential sales price and profit. The reports provided by the estimator have direct impact on the financial decisions made by the business. Cost estimators typically work in three different industries: construction, manufacturing and consulting services. Although the details of the roles vary slightly between industries, the main task is the same. They are responsible for collecting and analyzing information related to all aspects of the proposed project and providing an accurate forecast of total project cost and profit margin. In the construction industry, the estimator is responsible for reviewing the project drawings and specifications in detail. Working closely with the architecture and design team, they learn about the client’s requirements and the proposed design. The next step is
