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