What does a Cost Estimator do?

According to people in this career, the main tasks are...

TaskImportance
Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
85%
Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
83%
Collect historical cost data to estimate costs for current or future products.
83%
Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
81%
Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
80%
Establish and maintain tendering process, and conduct negotiations.
80%
Prepare estimates for use in selecting vendors or subcontractors.
80%
Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
80%
Set up cost monitoring and reporting systems and procedures.
79%
Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
75%
Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
74%
Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.
70%
Visit site and record information about access, drainage and topography, and availability of utility services.
66%
Prepare and maintain a directory of suppliers, contractors and subcontractors.
63%