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Job Description
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.
Job Details
- The SOC (Standard Occupational Classification) code is 13-1051.00
- The Mean Annual Wage in the U.S. is $ 66,620.00
- The Mean Hourly Wage is $ 32.00
- Currently, there are 214,610 people on this job
☝️ Information based on the reference occupation “Cost Estimators”.
Also Known As…
- Cost Estimators
- Preconstruction Manager
- Estimator Project Manager
- Estimator
- Cost Estimator
- Cost Engineer
- Cost Consultant
- Cost and Risk Analysis Manager
- Cost Analyst
- Construction Estimator
- Acquisition Cost Estimator
- Service Advisor
- Quantity Surveyor
- Project Estimator
- Production Cost Estimator
- Procurement Technician
- Job Estimator
- Job Cost Estimator
- Investment Recovery Technician
- Electrical Estimator
- Crating and Moving Estimator
- Cost Recovery Technician
- Contract Analyst
- Construction Job Cost Estimator
- Chief Estimator
- Building Estimator
- Building Construction Estimator
Tasks for “Cost Analyst”
- Set up cost monitoring and reporting systems and procedures.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Prepare estimates for use in selecting vendors or subcontractors.
- Collect historical cost data to estimate costs for current or future products.
- Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- Establish and maintain tendering process, and conduct negotiations.
- Visit site and record information about access, drainage and topography, and availability of services such as water and electricity.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
Related Technology & Tools
- Tablet computers
- Notebook computers
- Desktop computers
- Personal computers
- Personal digital assistants PDA
- Scanners
- Autodesk AutoCAD
- Microsoft Project
- Logic Software Easy Projects.NET
- Softstar Costar COCOMO II
- ConEst T&M Billing Manager
- Oracle Hyperion
- CPR Visual Estimator
- Corel QuattroPro
- Sage 50 Accounting
- Computer aided design and drafting CADD software
- Xactware Xactimate
- Adobe Systems Adobe Acrobat
- Laserfiche Avante
- HCSS HeavyBid
- Choice Job Cost
- Galorath SEER-SEM
- Microsoft Outlook
- QSM SLIM
- Intuit QuickBooks
- Autodesk Revit
- Oracle JD Edwards EnterpriseOne
- Oracle Primavera Enterprise Project Portfolio Management
- Palisade @Risk
- SAP
- IBM Costimater
- Microsoft Business Contact Manager
- CPR International GeneralCOST Estimator
- Microsoft PowerPoint
- IBM Lotus 1-2-3
- Cost accounting software
- Sage 100 Contractor
- WinEstimator WinEst
- Galorath SEER
- EFI Hagen OA
- Microsoft Office
- ConEst Permit Trac
- Construction Management Software ProEst
- ConEst IntelliBid Design Build
- ConEst Electrical Formulas
- Microsoft Excel
- Primavera Cost Management
- Microsoft Word
- ConEst Intellibid
- Resources Calculations Incorporated SoftCost
- Microsoft Visio
- Cost estimation software
- Decisioneering Crystal Ball
- Sage 300 Construction and Real Estate
- Software AG
- ConEst JobTrac
- Assured Software JPP
- HCSS HeavyJob
- Apple AppleWorks
- Dassault Systemes CATIA
- Microsoft Access
- ConEst BidTrac
- SAP BusinessObjects Crystal Reports
- ConEst SureCount
- PRICE Sytems TruePlanning