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