A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost estimator is the professional who prepares cost estimates. There are different types of cost estimators, whose title may be preceded by a modifier, such as building estimator, or electrical estimator, or chief estimator. Other professionals such as quanti ...
ty surveyors and cost engineers may also prepare cost estimates or contribute to cost estimates. In the US, according to the Bureau of Labor Statistics, there were 185,400 cost estimators in 2010. There are around 75,000 professional quantity surveyors working in the UK.
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POSITION SUMMARY. This position. works independently to provide timely, thorough and accurate budget estimates, comprehensive project budgets, hard and negotiated bid proposals, pertinent and accurate advice on cost savings and value engineering to project teams. The Estimator will complete conceptual cost plans, provide accurate quantity surveys, evaluate pricing, compare and analyze bids, create project specific subcontractor lists, maintain re...
