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