WORKING IN NEW ZEALAND

Building Economist

Construction Economist

Estimates and monitors construction costs from the feasibility stage, through tender preparation, to the construction period and beyond.

SKILL LEVEL:

The entry requirement for this occupation is a bachelor degree or higher qualification. In some instances relevant experience is required in addition to the formal qualification. Registration or licensing is required.

TASKS INCLUDE:

• prepares preliminary cost estimates from sketches and statements of requirements;
• studies architectural and engineering drawings and specifications to estimate total costs;
• consults with architects, builders and engineers, financiers, developers and owners;
• prepares detailed cost plans and estimates as tools for budgetary control;
• prepares material lists, produces bills of quantities for tendering purposes and advises clients on tenders when received;
• administers construction contracts and measures and approves progress payments;
• monitors changes of design, assesses effects on cost, and measures, values and negotiates variations to designs;
• advises on costs of alterations to existing buildings or structures, on various materials and construction methods, and on alternative contractual procedures and clauses;
• prepares final cost statements;
• may supervise and coordinate the work of building technicians;
• may prepare specifications and contract documents.