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Cost Estimator

Estimators prepare cost estimates for the manufacturing of products; for construction projects; or for services requested to aid management in bidding on or determining the price of products, materials, or services.

Estimators may:

  • Compile lists of the type of materials, tools, or equipment required
  • List the tools or equipment to be manufactured by the company or purchased from outside sources
  • Compute cost estimates for materials, purchased equipment, subcontracted work, production activities, and labor
  • Conduct special studies to reduce costs or to develop and establish standard hour and related cost data
  • Consult with personnel of other departments relating to cost problems
  • Determine Cost effectiveness of products as it relates to projects
  • Review blueprints to prepare time, labor, and cost estimates
  • Prepare and maintain a directory of suppliers, contractors and subcontractors
  • Conduct negotiations and resolve issues
  • Set up cost monitoring and reporting systems and procedures

Tools and equipment used may include:

  • Cost Estimating Software
  • Desktop Computer
  • Catalogs
  • Technical Tables and Charts
  • Requests for Quotation
  • Engineering drawings and Specifications
  • Manufacturing Process Plans
  • Manufacturing Time Study Data

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