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