Org.AI Foundation Partner

Cost Estimators

Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Tasks
14 tasks14 core
Family
Business & FinancialOne of its 50 occupations
Code
13-1051.00SOC 2018: 13-1051

Read the 14 tasks Download this record as JSON

What the work is made of

All 14 are core tasks, each quoted as published, with the survey it came from.

Core: central to the job

  1. Task 1. Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.Core taskTask 80Rated by 22 occupational experts, August 2023
  2. Task 2. Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.Core taskTask 83Rated by 22 occupational experts, August 2023
  3. Task 3. Collect historical cost data to estimate costs for current or future products.Core taskTask 20846Rated by 22 occupational experts, August 2023
  4. Task 4. Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.Core taskTask 81Rated by 22 occupational experts, August 2023
  5. Task 5. Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.Core taskTask 82Rated by 22 occupational experts, August 2023
  6. Task 6. Establish and maintain tendering process, and conduct negotiations.Core taskTask 90Rated by 22 occupational experts, August 2023
  7. Task 7. Prepare estimates for use in selecting vendors or subcontractors.Core taskTask 85Rated by 22 occupational experts, August 2023
  8. Task 8. Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.Core taskTask 84Rated by 22 occupational experts, August 2023
  9. Task 9. Set up cost monitoring and reporting systems and procedures.Core taskTask 89Rated by 22 occupational experts, August 2023
  10. Task 10. Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.Core taskTask 86Rated by 22 occupational experts, August 2023
  11. Task 11. Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.Core taskTask 87Rated by 22 occupational experts, August 2023
  12. Task 12. Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.Core taskTask 91Rated by 22 occupational experts, August 2023
  13. Task 13. Visit site and record information about access, drainage and topography, and availability of utility services.Core taskTask 92Rated by 22 occupational experts, August 2023
  14. Task 14. Prepare and maintain a directory of suppliers, contractors and subcontractors.Core taskTask 88Rated by 22 occupational experts, August 2023

Where this comes from

Quoted from the U.S. Department of Labor, and credited. Nothing on this page is written by us.

How we copy and credit sources
  1. Published by
    O*NET 29.0, U.S. Department of LaborEmployment and Training Administration
  2. Classification
    Standard Occupational Classification 2018, 13-1051
  3. License
    CC BY 4.0Free to copy and reuse, with credit
  4. Changed by us
    Nothing.

More in Business & Financial

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