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Glossary
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Estimator

Estimator

What is it?

An Estimator calculates the cost of construction projects by analyzing labor, materials, and other expenses. They review project plans and use tools to create accurate estimates, helping with budgeting, financial planning, and contract bidding. Their work ensures that projects stay within budget and meet financial goals.

Definition

An Estimator is a professional who calculates the cost of a construction project by analyzing labor, materials, equipment, and overhead expenses. Estimators use various methods and tools to develop accurate cost estimates and bid proposals, which are critical for project budgeting, financial planning, and securing contracts. Their role involves reviewing project plans, specifications, and historical data to provide reliable cost projections.

Example

Person calculating costs for a construction project.