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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”
- Collect historical cost data to estimate costs for current or future products.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Visit site and record information about access, drainage and topography, and availability of services such as water and electricity.
- Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
- 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.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
- 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.
- Prepare estimates for use in selecting vendors or subcontractors.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Set up cost monitoring and reporting systems and procedures.
Related Technology & Tools
- Notebook computers
- Desktop computers
- Personal computers
- Personal digital assistants PDA
- Tablet computers
- Scanners
- Softstar Costar COCOMO II
- Construction Management Software ProEst
- ConEst Intellibid
- ConEst JobTrac
- Xactware Xactimate
- Oracle Primavera Enterprise Project Portfolio Management
- Microsoft Business Contact Manager
- PRICE Sytems TruePlanning
- Autodesk AutoCAD
- QSM SLIM
- Galorath SEER
- Microsoft Project
- Palisade @Risk
- Logic Software Easy Projects.NET
- Microsoft Access
- ConEst BidTrac
- Resources Calculations Incorporated SoftCost
- HCSS HeavyJob
- WinEstimator WinEst
- IBM Lotus 1-2-3
- Sage 100 Contractor
- Microsoft Word
- Apple AppleWorks
- Sage 50 Accounting
- Adobe Systems Adobe Acrobat
- Microsoft Visio
- Galorath SEER-SEM
- Oracle JD Edwards EnterpriseOne
- Autodesk Revit
- ConEst SureCount
- Dassault Systemes CATIA
- Laserfiche Avante
- CPR International GeneralCOST Estimator
- CPR Visual Estimator
- Microsoft PowerPoint
- HCSS HeavyBid
- Cost accounting software
- ConEst Permit Trac
- Sage 300 Construction and Real Estate
- Cost estimation software
- Primavera Cost Management
- Choice Job Cost
- ConEst Electrical Formulas
- Computer aided design and drafting CADD software
- IBM Costimater
- Microsoft Office
- Intuit QuickBooks
- ConEst IntelliBid Design Build
- Microsoft Excel
- Decisioneering Crystal Ball
- EFI Hagen OA
- ConEst T&M Billing Manager
- SAP BusinessObjects Crystal Reports
- Assured Software JPP
- Corel QuattroPro
- Microsoft Outlook
- SAP
- Oracle Hyperion
- Software AG