Estimator - Revision history

Designing Buildings at 07:45, 4 October 2022

2022-10-04T07:45:16Z

← Older revision		Revision as of 07:45, 4 October 2022
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	While there are no established requirements to become an estimator, experience as, or working with, an administrator, technician or quantity surveyor assistant can be beneficial. Estimators can often train within a company on a dedicated scheme, or through an apprenticeship.		While there are no established requirements to become an estimator, experience as, or working with, an administrator, technician or quantity surveyor assistant can be beneficial. Estimators can often train within a company on a dedicated scheme, or through an apprenticeship.

−	Estimators can often progress on to becoming a quantity surveyor, cost consultant, contracts manager, commercial ~~manager, or working within supply chain management or project management.~~	+	Estimators can often progress on to becoming a quantity surveyor, cost consultant, contracts manager, commercial

−	~~= Find out more =~~	+	= Related articles on Designing Buildings =
−		+
−	=== Related articles on Designing Buildings ~~Wiki ==~~=	+

	* Accounting.		* Accounting.
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	* Whole-life costing.		* Whole-life costing.

−	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Person]] [[Category:DCN_Standard~~]] [[Category:People~~]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Person]] [[Category:DCN_Standard]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]] [[Category:People]]

Designing Buildings at 08:18, 3 November 2020

2020-11-03T08:18:58Z

← Older revision		Revision as of 08:18, 3 November 2020
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	* Whole-life costing.		* Whole-life costing.

−	[[Category:~~Standards_/_measurements~~]] [[Category:DCN_Standard]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]]	+	[[Category:DCN_Definition]] [[Category:DCN_Guidance]] [[Category:DCN_Person]] [[Category:DCN_Standard]] [[Category:People]] [[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]]

Designing Buildings at 15:53, 18 January 2018

2018-01-18T15:53:04Z

← Older revision		Revision as of 15:53, 18 January 2018
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−	In the construction industry, ~~an estimator, also known as a cost planner or cost engineer, is responsible for calculating how much~~ it ~~will cost to provide a client with products or building work. The estimator~~ is ~~involved~~ in the ~~early stages of~~ a project, ~~often during the tender process when the company is submitting a bid to try and win the contract. Therefore~~, ~~they are concerned with pricing a contract competitively but need~~ to ~~ensure that, if they become~~ the ~~preferred bidder,~~ the ~~work/products can still be provided at a profit~~.	+	The term ‘estimate’ is a very broad one that refers to any activity that attempts to quantify something. In the construction industry, it is typically used in relation to the approximate costs associated with a construction project, used, for example to assess the viability or affordability of the project or aspects of it.

−	~~To read~~ a ~~definition of~~ the ~~term 'estimate'~~, ~~see Estimate~~.	+	An estimator, also known as a cost planner or cost engineer, is responsible for calculating how much it will cost a supplier to provide a client with products or building work. The estimator typically becomes involved during the tender process when a supplier is submitting a bid to try and win a contract. They are concerned with pricing the contract competitively but need to ensure that, if they are successful, the work/products can be provided whilst still making a reasonable profit for the supplier.

−	An estimator compiles estimates by assessing the materials, labour and equipment that is required and analysing quotes that are obtained from different sub-contractors and suppliers~~. This enables them to create budgets appropriately~~. Estimators can produce an estimate based on ~~the bill~~ of quantities, tender documents~~, or from drawings~~ provided by the ~~architect and/or~~ client.	+	An estimator compiles estimates by assessing the materials, labour and equipment that will be required and analysing quotes that are obtained from different sub-contractors and suppliers. Estimators can produce an estimate based on bills of quantities, schedules, drawings, specifications and other tender documents provided by the client.

	Some of the duties and responsibilities of an estimator include:		Some of the duties and responsibilities of an estimator include:
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	* Identifying and assessing what the client requires.		* Identifying and assessing what the client requires.
	* Researching the costs of materials, equipment and labour.		* Researching the costs of materials, equipment and labour.
		+	* Calculating overheads and desired profit.
	* Collecting quotes from sub-contractors and suppliers and identifying the best one.		* Collecting quotes from sub-contractors and suppliers and identifying the best one.
	* Assessing risks on a project and allowing for these in the estimate.		* Assessing risks on a project and allowing for these in the estimate.
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	* Monitoring costs on projects as they proceed.		* Monitoring costs on projects as they proceed.

−	It is important for estimators to be ~~self-starters and~~ good forward-planners ~~who are~~ capable of using ~~limited~~ information to formulate ~~budget~~ cost assessments. Estimators often work closely with construction managers, planners, commercial and design teams.	+	It is important for estimators to be good forward-planners, capable of using a range of information and a degree of judgement to formulate cost assessments. Estimators often work closely with construction managers, planners, commercial and design teams.

−	While there are no established requirements to become an estimator, experience as an administrator, technician or ~~surveying~~ assistant ~~within construction is often valued highly~~. Estimators can often train within a company on a dedicated scheme, or through an apprenticeship.	+	While there are no established requirements to become an estimator, experience as, or working with, an administrator, technician or quantity surveyor assistant can be beneficial. Estimators can often train within a company on a dedicated scheme, or through an apprenticeship.

−	Estimators can often progress on to becoming a quantity surveyor, cost consultant, contracts manager, or working within supply chain or project management.	+	Estimators can often progress on to becoming a quantity surveyor, cost consultant, contracts manager, commercial manager, or working within supply chain management or project management.

	= Find out more =		= Find out more =
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	* Whole-life costing.		* Whole-life costing.

−	[[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]]	+	[[Category:Standards_/_measurements]] [[Category:DCN_Standard]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]]

Editor at 12:18, 9 January 2018

2018-01-09T12:18:06Z

← Older revision		Revision as of 12:18, 9 January 2018
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	In the construction industry, an estimator, also known as a cost planner or cost engineer, is responsible for calculating how much it will cost to provide a client with products or building work. The estimator is involved in the early stages of a project, often during the tender process when the company is submitting a bid to try and win the contract. Therefore, they are concerned with pricing a contract competitively but need to ensure that, if they become the preferred bidder, the work/products can still be provided at a profit.		In the construction industry, an estimator, also known as a cost planner or cost engineer, is responsible for calculating how much it will cost to provide a client with products or building work. The estimator is involved in the early stages of a project, often during the tender process when the company is submitting a bid to try and win the contract. Therefore, they are concerned with pricing a contract competitively but need to ensure that, if they become the preferred bidder, the work/products can still be provided at a profit.
		+
		+	To read a definition of the term 'estimate', see Estimate.

	An estimator compiles estimates by assessing the materials, labour and equipment that is required and analysing quotes that are obtained from different sub-contractors and suppliers. This enables them to create budgets appropriately. Estimators can produce an estimate based on the bill of quantities, tender documents, or from drawings provided by the architect and/or client.		An estimator compiles estimates by assessing the materials, labour and equipment that is required and analysing quotes that are obtained from different sub-contractors and suppliers. This enables them to create budgets appropriately. Estimators can produce an estimate based on the bill of quantities, tender documents, or from drawings provided by the architect and/or client.
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	* Cost engineering.		* Cost engineering.
	* Cost plans.		* Cost plans.
		+	* Estimate.
	* Measurement.		* Measurement.
	* Pre-tender estimate.		* Pre-tender estimate.

Editor: Created page with "In the construction industry, an estimator, also known as a cost planner or cost engineer, is responsible for calculating how much it will cost to provide a client with products ..."

2018-01-09T12:07:48Z

Created page with "In the construction industry, an estimator, also known as a cost planner or cost engineer, is responsible for calculating how much it will cost to provide a client with products ..."

New page

In the construction industry, an estimator, also known as a cost planner or cost engineer, is responsible for calculating how much it will cost to provide a client with products or building work. The estimator is involved in the early stages of a project, often during the tender process when the company is submitting a bid to try and win the contract. Therefore, they are concerned with pricing a contract competitively but need to ensure that, if they become the preferred bidder, the work/products can still be provided at a profit.

An estimator compiles estimates by assessing the materials, labour and equipment that is required and analysing quotes that are obtained from different sub-contractors and suppliers. This enables them to create budgets appropriately. Estimators can produce an estimate based on the bill of quantities, tender documents, or from drawings provided by the architect and/or client.

Some of the duties and responsibilities of an estimator include:

* Identifying and assessing what the client requires.
* Researching the costs of materials, equipment and labour.
* Collecting quotes from sub-contractors and suppliers and identifying the best one.
* Assessing risks on a project and allowing for these in the estimate.
* Using software to analyse company data, inflation, exchange rates and prices.
* Taking into account projected timescales and unforeseen events that may occur.
* Preparing and submitting quotations for work.
* Monitoring costs on projects as they proceed.

It is important for estimators to be self-starters and good forward-planners who are capable of using limited information to formulate budget cost assessments. Estimators often work closely with construction managers, planners, commercial and design teams.

While there are no established requirements to become an estimator, experience as an administrator, technician or surveying assistant within construction is often valued highly. Estimators can often train within a company on a dedicated scheme, or through an apprenticeship.

Estimators can often progress on to becoming a quantity surveyor, cost consultant, contracts manager, or working within supply chain or project management.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Accounting.
* Bid strategies.
* Budget.
* Commercial manager.
* Cost consultant.
* Cost control.
* Cost engineering.
* Cost plans.
* Measurement.
* Pre-tender estimate.
* Quantity surveyor.
* Whole-life costing.

[[Category:Standards_/_measurements]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Roles_/_services]]