• Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
• Analyze conceptual drawings and other documentation to prepare time, cost, materials, and labor estimates.
• Prepare estimates for use in selecting vendors or subcontractors.
• Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
• Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
• Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
• Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
• Set up cost monitoring and reporting systems and procedures.
• Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
• Review material and labor requirements to decide whether it is more cost- effective to produce or purchase components.