How to Answer: What are your first steps when analyzing the costs of a new project?
Advice and answer examples written specifically for a Cost Estimator job interview.
19. What are your first steps when analyzing the costs of a new project?
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User Answers
1. The first step before starting the estimation of a project. I would survey the site to look for indirect costs, unseen costs and the availability of resources like electricity, water and transportation to the site.
2. I read the contracts for the projects, then go to respective managers and department to understand the CTRs necessary for the project. Also understand the activities involved.
3. Review the design with budget and resources.
4. Understand the scope and what the client is trying to achieve.
5. First of all we starting the work for analyse the work, read drawing docket and crate the require query material specification and finish they will be require, and revert back to marketing team & project leader to resolve the query. After receive the complete information then start to work and calculate the total cost,
6. Go through thoroughly with pre tender meeting, going through specification, finding which trade has more scope of work and which sub contractor to be invited for getting edges in getting the job.
7. Collecting all documents related to project to understand scope of work.
8. Checking and studying complete tender docs.
9. I would identify first of all the customers needs and desires for a project. Itemize each item in the project and if necessary categorize or group the items to allocate and display the costs projected for the project.
10. Check for specifications.