Construction estimating requires a touch of science and judgment. It is based on facts, expert testimonies, and objective observations. A professional estimator can satisfy all these important criteria through years of experience in deriving facts from careful observations. Without skilled estimators, large and small construction firms will find it hard to predict the feasibility of a project they wish to place bids on.
Characteristics of a reliable estimator
If you want to become a skilled estimator, you have to be familiar with the common methods, costs, and materials related to building projects. You also need to come up with the best alternatives that can minimize the expenses of the people you are working for. Through your careful judgment and valuable insights, your firm can accumulate the highest profit margin from various construction projects.
You can become the best estimator by training yourself to become well versed when it comes to the customs of building contractors. This particular skill will help you determine what resources your firm needs to utilize all throughout a project. You need to know how to weigh the pros and cons from using your firms own employees or relying on subcontractors.
Direct vs. indirect costs
Fulfilling your duties as an estimator requires the need to understand the difference between direct and indirect costs. A complete understanding of these two concepts will help you determine whether a project is worth looking into or not.
Direct costs include lumber, labor, and concrete. These construction items refer to things that will become permanent fixtures or other things that are necessary to complete the project. On the other hand, indirect costs refer to the number of items a builder charges in order to keep his business running. Profit-related costs include what the contractor charges for his experience, knowledge, and management abilities. Overhead refers to the money that will pay for the payroll service, power of the office, and other expenses related to administrative tasks.
How to become an estimator
If you want to work as an estimator for a construction firm, you have to expose yourself to important construction management courses. Go for degrees that focus on specific areas related to estimating the costs of building projects. Increase your knowledge regarding the costs of construction materials and procedures. Once you have done these steps, you will be able to collect and analyze data according to the requirements of your firm.
Working as an estimator requires your dedication and commitment. If you are passionate about becoming a professional estimator, you easily secure a profitable job in the construction industry.