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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”
- 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.
- Set up cost monitoring and reporting systems and procedures.
- 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.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Prepare estimates for use in selecting vendors or subcontractors.
- Visit site and record information about access, drainage and topography, and availability of services such as water and electricity.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Establish and maintain tendering process, and conduct negotiations.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
Related Technology & Tools
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- Tablet computers
- Notebook computers
- Desktop computers
- Personal digital assistants PDA
- Personal computers
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- SAP BusinessObjects Crystal Reports
- IBM Lotus 1-2-3
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- Computer aided design and drafting CADD software
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- Microsoft Access
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- Choice Job Cost
- Sage 50 Accounting
- Microsoft Excel
- CPR Visual Estimator
- Adobe Systems Adobe Acrobat
- PRICE Sytems TruePlanning
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- Microsoft Project
- Autodesk AutoCAD
- Sage 300 Construction and Real Estate
- Apple AppleWorks
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- CPR International GeneralCOST Estimator