An estimator is essential to the functioning of a company and this position requires knowledge of the processes needed to complete a project. The job holder needs to be up to date on the cost of materials and equipment.
An estimator predicts the cost of a project and the length of time necessary to complete it. Other duties include calculating the profit that will be gained from a project, factoring in labour, material and equipment costs. It is necessary to work with supervisors to ensure that the project complies with financial regulations.
Construction and manufacturing industries require the services of estimators. Employees in this position need to take into account historical data as well as current costs. Communication and interpersonal skills are important as it is necessary to form relationships with suppliers and vendors. This helps to keep current with costs and to negotiate better prices. Average salaries are C
$60,000 per year.