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What Does an Estimating Manager Do?

As an estimating manager, you will be responsible for developing cost estimates and managing the estimating department. This is a crucial role that requires a number of different skills.

Prepare accurate pricing of all bids to include labor, materials, hard take offs and subcontract items. Keep current on vendor/supplier pricing and construction industry trends.

Develops estimates for projects

An estimating manager’s primary responsibilities are to develop estimates for construction projects and oversee the day-to-day work of the estimating department. In addition, they may also be responsible for developing budgets and forecasting costs for future projects. They also play a critical role in the bidding process by reviewing and evaluating proposals from contractors and suppliers.

An important skill for an estimating manager is to be able to communicate effectively with both clients and colleagues. This is because they often have to explain complex ideas in an easy-to-understand way. They also need to have excellent math skills in order to accurately estimate project costs. They also need to have the ability to meet deadlines and work under pressure.

The estimating manager’s duties are to implement technical estimating procedures and standards, and supervise the project estimators. They also prepare hard take-offs of project drawings and analyze specifications to determine cost estimates. They are also responsible for preparing bid packages and coordinating bid inputs. Additionally, they may be required to attend project pre-bid meetings and site tours.

Estimating managers must be able to identify issues that arise during the estimating process and find solutions quickly. They must also be able to work with both contractors and clients to ensure that projects are completed on time and within budget. Additionally, they must have strong leadership skills in order to motivate their team and encourage professional development.

Communicates with clients

Developing project estimates is an art that requires a mix of knowledge, experience, historical review, client inquisition, and a whole lot of gut instinct. It is important to communicate with clients throughout the process, and ensure that they understand how their estimates are created. This will help prevent misunderstandings and potential rework down the road.

The estimating manager oversees the day-to-day activities of the estimating department. This includes implementing technical estimating procedures and standards, reviewing and evaluating the performance of senior and junior estimators, and soliciting quotes for labor and equipment. They also coordinate bid inputs and participate in pre and post-bid meetings with customer and internal departments.

While estimating managers and production cost estimators have similar job duties, they are distinct in their skills. Both careers require knowledge of cost estimates, construction management, and phone calls to carry out their responsibilities. However, estimating managers are 2.1% more likely to earn a Master’s degree than production cost estimators.

When preparing for a job as an estimating manager, it is important to familiarize yourself with the company’s culture and business processes. Familiarity with the company’s estimation process can improve your ability to manage and lead teams, as well as ensure accuracy in estimating projects. It is also important to learn how different types of estimating are used in the industry and how they differ from one another.

Manages the estimating department

In addition to overseeing the estimating department, an estimating manager also helps develop the talent within the team. This is important because it ensures the estimating department is able to meet deadlines and provides accurate estimates. It also makes sure that the estimating department is up to date with industry best practices and standards.

An estimating manager has several responsibilities, including building successful teams for proposal development and delivery, conducting research and gathering all necessary details to prepare estimates, evaluating bids and providing pricing in a timely manner. They must be able to work well under pressure and have good organizational skills. Additionally, they must be able to evaluate cost books and proposals to determine what factors should be included in the estimate.

As an estimating manager, you will need to coordinate bid inputs and participate in pre-bid and post-bid meetings. You will also need to log proposals and tenders into Global Star. You will also need to provide technical support for estimating staff in order to achieve sales goals and profit objectives.

Though both estimators and estimating managers complete many of the same day-to-day tasks, they do have some differences in their skills. For example, estimating managers may use skills like quantity take-offs, electrical projects, and voltage systems on their resumes, while electricians tend to use skills like electrical project management and voltage system on their resumes.

Manages the bid process

Managing the bid process is an important aspect of the job. Estimating managers often work with a variety of teams, including construction crews and purchasing agents. They need to be able to anticipate problems that may arise and come up with solutions that keep projects on track. They also need to be able to negotiate with vendors and suppliers to get the best prices on materials.

To perform this task effectively, an estimating manager must be able to read and understand complex project plans, drawings, scopes of work and specifications. He should also be able to determine the appropriate quantities of material, labor, and equipment that are required for each estimate. He also needs to solicit sub-contractor and material supplier quotations and compare them to self-perform estimates.

In addition, he should be able to communicate effectively with team members and client representatives. He must be able to develop work assignments and schedules for estimators. He must also be able to complete cost breakdowns for projects and manage the preparation of bid responses and requests for proposals (RFPs). He must be able to provide support to estimators in developing a detailed cost to construct estimate and prepare bid forms. He should also be able to comply with company policies and procedures and enforce safety standards.