A construction estimator evaluates projects, prepares cost estimates, manages budgets, and administers contracts. They work on various projects and may specialize in specific areas. They prepare financial statements and can earn a degree or work as an apprentice.
A construction estimator evaluates a construction project, conducts surveys, and prepares cost estimates and a budget. Other titles for a construction estimator include cost estimator, quantity inspector, and construction economist. The estimator is also tasked with managing the budget as he creates it, and he often has to administer the contracts associated with the project. These professionals usually work on many types of construction projects such as commercial and residential properties. The ability to review and analyze plans is essential, and many construction estimators hold degrees in engineering, construction management, or a related degree.
One of the ways that companies utilize the services of a building appraiser is through tenders. The construction estimator must determine the costs associated with a construction project so that the employer can prepare an informed bid. Part of the construction estimator’s tasks that are required to come up with a bid include gathering data on labor costs, materials, and project duration. The estimator also visits the construction site to gather more data and finalize a plan that includes cost estimates. Many construction estimators use forms to submit cost information to construction business owners or other employers.
There are many areas of specialty that a construction estimator can work in, although some estimators choose to provide general services. Some estimators work with cost estimates for all electrical work required for construction projects and are known as cost estimating electrical experts. Other estimators may be hired to assess the projects’ excavation needs, and these estimators are often selected based on their experience in the excavation area. Specialized construction estimators are usually hired for large construction project jobs, where each estimator is assigned to work on one aspect of a project. Generalized construction estimators work on entire projects and may work as consultants or employees of construction companies.
Preparing financial statements, such as monthly cash flow forecasts, is an essential responsibility of a construction estimator. These are usually required for construction projects that last longer than 30 days. The estimator must assess the financial situation and make forecasts to ensure that payments can be made to contractors and that the project stays within budget. They can also include tax depreciation and related issues.
A construction appraiser can earn a college degree or work as an apprentice. Upon completion of an apprenticeship, the estimator can obtain a certificate. With enough experience in the construction industry, many times a person can skip college and make a living as a cost estimator.
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