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