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