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