3rd December 2019

wikipedia
15

What is an estimate in construction?

In system, product, or facility acquisition planning, a cost estimate is used to evaluate the required funding and to compare with bids or tenders. In construction contracting, a cost estimate is usually prepared to submit a bid or tender to compete for a contract award.

What is the role of an estimator?

Known in the industry as either an Estimator or Cost Planner, but whichever term is used they work out how much it costs to supply a building or services to a client. They become involved in a project in its early stages, often whilst in competition with other companies.
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