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Automation Risk Analysis

Will “Production Cost Estimator” be Automated?

Historical Context: Oxford Study (2013)

Ranked #321 of 702. Estimated risk: 57.0%

Directly assessed by researchers as likely automatable
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AI Exposure Risk

60%

“Production Cost Estimator” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 60% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

22%

“Production Cost Estimator” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 22% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Cost Estimators, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Avg. Annual Salary $83,160
Avg. Hourly Wage $39.98
Available Jobs (US) 219,530
Job Title & Hierarchy Code (SOC) Cost Estimators #13-1051
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Cost Estimators”

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Core Skills & Abilities

  • Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.

  • Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.

  • Establish and maintain tendering process, and conduct negotiations.

  • Prepare estimates for use in selecting vendors or subcontractors.

  • Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.

  • Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.

  • Set up cost monitoring and reporting systems and procedures.

  • Collect historical cost data to estimate costs for current or future products.

  • Visit site and record information about access, drainage and topography, and availability of utility services.

  • Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.

  • Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.

  • Prepare and maintain a directory of suppliers, contractors and subcontractors.

  • Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.

  • Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.

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