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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
- 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
- Cost Analyst
- Contract Analyst
- Construction Job Cost Estimator
- Chief Estimator
- Building Estimator
- Building Construction Estimator
Tasks for “Cost Analyst”
- 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.
- Establish and maintain tendering process, and conduct negotiations.
- Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- 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.
- 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.
- 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 services such as water and electricity.
- Set up cost monitoring and reporting systems and procedures.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
Related Technology & Tools
- Notebook computers
- Desktop computers
- Personal computers
- Tablet computers
- Scanners
- Personal digital assistants PDA
- Software AG
- HCSS HeavyBid
- Oracle Primavera Enterprise Project Portfolio Management
- Microsoft Visio
- Resources Calculations Incorporated SoftCost
- Microsoft PowerPoint
- CPR International GeneralCOST Estimator
- HCSS HeavyJob
- ConEst BidTrac
- Sage 50 Accounting
- Logic Software Easy Projects.NET
- Microsoft Word
- Intuit QuickBooks
- EFI Hagen OA
- Sage 300 Construction and Real Estate
- ConEst T&M Billing Manager
- PRICE Sytems TruePlanning
- Computer aided design and drafting CADD software
- Decisioneering Crystal Ball
- ConEst IntelliBid Design Build
- WinEstimator WinEst
- Microsoft Project
- Microsoft Excel
- QSM SLIM
- IBM Costimater
- Sage 100 Contractor
- Primavera Cost Management
- Autodesk Revit
- Microsoft Business Contact Manager
- Oracle Hyperion
- ConEst JobTrac
- Softstar Costar COCOMO II
- Oracle JD Edwards EnterpriseOne
- Construction Management Software ProEst
- Apple AppleWorks
- Cost estimation software
- Cost accounting software
- Corel QuattroPro
- Microsoft Access
- SAP BusinessObjects Crystal Reports
- Galorath SEER
- IBM Lotus 1-2-3
- ConEst Electrical Formulas
- Microsoft Outlook
- Palisade @Risk
- Choice Job Cost
- SAP
- Laserfiche Avante
- Microsoft Office
- Adobe Systems Adobe Acrobat
- CPR Visual Estimator
- ConEst SureCount
- Galorath SEER-SEM
- Xactware Xactimate
- Dassault Systemes CATIA
- Autodesk AutoCAD
- ConEst Intellibid
- ConEst Permit Trac
- Assured Software JPP