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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