Who is responsible for preparing cost proposals known as bids?

The responsibility for preparing cost proposals known as bids primarily lies with estimators. Estimators are specialized professionals who analyze project requirements, materials, labor, and other costs associated with a project. Their role involves detailed assessment and calculation to ensure that the bid accurately reflects the expected expenses, allowing for competitive pricing while ensuring profitability for the contractor or company.

Estimators utilize their expertise in construction practices, market conditions, and historical data to generate accurate cost forecasts. This involves collaborating with project managers and engineers to gather necessary information about the project scope and specifications. In contrast, while project managers oversee the entire project and ensure timely delivery and adherence to budgets, they do not typically focus on the detailed costing aspect. Designers and engineers contribute to the project design and technical requirements but also do not specialize in the financial components of bidding. Overall, the estimator's expertise is crucial in creating bids that not only win contracts but also align with the business's financial objectives.