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