skillfactor-pipeline/skills/manufacturing-cost-estimator/references/tasks.md

Tasks & work activities — manufacturing cost estimator

Source: O*NET 30.3, occupation 13-1051.00 (Cost Estimators) — manual nearest-occupation mapping via ISCO group 2421; the official ESCO crosswalk has no entry for this ESCO occupation.

Task statements

• [Core] Collect historical cost data to estimate costs for current or future products.
• [Core] Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
• [Core] Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
• [Core] Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
• [Core] Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
• [Core] Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
• [Core] Prepare estimates for use in selecting vendors or subcontractors.
• [Core] Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
• [Core] Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
• [Core] Prepare and maintain a directory of suppliers, contractors and subcontractors.
• [Core] Set up cost monitoring and reporting systems and procedures.
• [Core] Establish and maintain tendering process, and conduct negotiations.
• [Core] Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.
• [Core] Visit site and record information about access, drainage and topography, and availability of utility services.

Detailed work activities

• Analyze business or financial data.
• Assess the cost effectiveness of products, projects, or services.
• Collect data about project sites.
• Confer with others about financial matters.
• Confer with personnel to coordinate business operations.
• Develop business or financial information systems.
• Establish business management methods.
• Estimate costs of goods or services.
• Inspect work sites to determine condition or necessary repairs.
• Maintain data in information systems or databases.
• Monitor financial indicators.
• Negotiate agreements to resolve disputes.
• Prepare financial documents.