Determining the quantities of materials, equipment, and labour required for a project based on its specifications and requirements.
Researching and gathering data on material costs, labor rates, equipment rentals, and other expenses from suppliers, contractors, and industry databases.
Using cost estimation software and spreadsheets to calculate the total cost of a project, including materials, labour, overhead, and profit margin.
Analyzing project requirements and proposing cost-saving alternatives or value engineering solutions without compromising quality or performance.
Monitoring project costs against the estimated budget, tracking expenses, and analysing variances to identify areas of improvement or potential cost overruns.