Home › Work activities › Estimate costs of goods or services
O*NET detailed work activityEstimate costs of goods or services
AI-assistCrunch the numbers
7 jobs12 tasks
AI can do the arithmetic, build the spreadsheet formula and suggest what to look at. Deciding what the numbers mean for your situation is still you.
Part of Determine values or prices of goods or services, under the O*NET work activity group Making Decisions and Solving Problems. Individual tasks below can carry a different label when their own wording calls for it (1 AI-ready, 11 AI-assist, 0 stays human).
Tasks built on this activity
- Estimate parts and labor to repair damage, using standard automotive labor and parts cost manuals and knowledge of automotive repair.
- Review police reports, medical treatment records, medical bills, or physical property damage to determine the extent of liability.
- Evaluate practicality of repair as opposed to payment of market value of vehicle before accident.
- Quote duty and tax rates on goods to be imported, based on federal tariffs and excise taxes.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Estimate building replacement costs, using building valuation manuals and professional cost estimators.
- Prepare estimates for use in selecting vendors or subcontractors.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Develop or maintain cost estimates, forecasts, or cost models.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.