Cost Estimation Specialist
1 week ago
POSITION OVERVIEW
The Cost Estimation Specialist plays a crucial role in evaluating blueprints, specifications, proposals, and other documentation to generate time, cost, and labor estimates for various projects and services.
KEY RESPONSIBILITIES
1. Assess data to ascertain material and labor needs, creating detailed itemized lists.
2. Calculate cost factors and compile estimates for management purposes, including planning, organizing, scheduling work, preparing bids, selecting vendors or subcontractors, and evaluating cost-effectiveness.
3. Conduct specialized studies to establish standard hours and related cost data, aiming for cost reductions.
4. Engage with clients, vendors, and other stakeholders to discuss and refine estimates, address issues, follow up on bids, and secure estimated work.
5. Collaborate with other departments to gain support and commitment to the cost estimates.
6. Organize and maintain a centralized cost estimating database and formalize processes to ensure historical data is effectively utilized.
7. Review completed projects to compare estimated costs against actual costs, identifying reasons for discrepancies.
8. Offer recommendations for improving cost estimating procedures to minimize future discrepancies.
9. Identify cost trends to assist management in cost reduction and process enhancement initiatives.
10. Analyze work orders, specifications, contracts, and drawings to determine necessary materials, required precision, types of operations, and sequences of operations. Prepare customer quotes for materials and labor related to the design, fabrication, installation, and/or refurbishment of commercial metal projects. Support other departments with quote preparation.
11. Utilize software and spreadsheets to analyze challenges, generate estimates, and provide quotations.
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