Cost Estimators

Role Description

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.

Skills

  • Using mathematics to solve problems.
  • Understanding written sentences and paragraphs in work-related documents.
  • Talking to others to convey information effectively.
  • Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

Required Knowledge

  • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
  • Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
  • Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
  • Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.

Roles & Responsibilities

  • Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
  • Analyzing information and evaluating results to choose the best solution and solve problems.

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