Cost Estimators

Competency-Based Apprenticeship
Sponsoring Company:
O*NET Detailed Work Activities
Industries
O*Net Code
13-1051.00
Rapids Code
Req. Hours
0
State
DC
Created
Apr 08, 2021
Updated
Apr 08, 2021

Competency-Based Skills

10 skill sets | 15 total skills
Analyze business or financial data
Collect historical cost data to estimate costs for current or future products.
Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
Confer with personnel to coordinate business operations
Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
Estimate costs of goods or services
Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
Prepare estimates for use in selecting vendors or subcontractors.
Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
Confer with others about financial matters
Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
Assess the cost effectiveness of products, projects, or services
Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
Monitor financial indicators
Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
Prepare financial documents
Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
Develop business or financial information systems
Set up cost monitoring and reporting systems and procedures.
Establish business management methods
Establish and maintain tendering process and conduct negotiations.
Maintain data in information systems or databases
Prepare and maintain a directory of suppliers, contractors and subcontractors.