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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 Engineer
- 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 Estimator
- Contract Analyst
- Construction Job Cost Estimator
- Chief Estimator
- Building Estimator
- Building Construction Estimator
Tasks for “Cost Estimator”
- 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.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- 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.
- 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.
- 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.
- Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
- Prepare estimates for use in selecting vendors or subcontractors.
- Set up cost monitoring and reporting systems and procedures.
Related Technology & Tools
- Personal digital assistants PDA
- Notebook computers
- Personal computers
- Desktop computers
- Tablet computers
- Scanners
- Softstar Costar COCOMO II
- CPR Visual Estimator
- PRICE Sytems TruePlanning
- Xactware Xactimate
- ConEst Electrical Formulas
- Galorath SEER-SEM
- HCSS HeavyJob
- Assured Software JPP
- Autodesk AutoCAD
- Resources Calculations Incorporated SoftCost
- Sage 300 Construction and Real Estate
- Laserfiche Avante
- Oracle Hyperion
- ConEst T&M Billing Manager
- Logic Software Easy Projects.NET
- Adobe Systems Adobe Acrobat
- Oracle JD Edwards EnterpriseOne
- Microsoft Project
- Intuit QuickBooks
- Cost estimation software
- Apple AppleWorks
- EFI Hagen OA
- Oracle Primavera Enterprise Project Portfolio Management
- WinEstimator WinEst
- HCSS HeavyBid
- IBM Costimater
- ConEst Intellibid
- Cost accounting software
- ConEst JobTrac
- Galorath SEER
- ConEst SureCount
- Computer aided design and drafting CADD software
- ConEst BidTrac
- Microsoft Business Contact Manager
- Microsoft Outlook
- ConEst Permit Trac
- Microsoft Excel
- IBM Lotus 1-2-3
- Primavera Cost Management
- CPR International GeneralCOST Estimator
- Decisioneering Crystal Ball
- Software AG
- Microsoft Office
- Dassault Systemes CATIA
- Sage 100 Contractor
- Microsoft Visio
- Palisade @Risk
- ConEst IntelliBid Design Build
- SAP
- Sage 50 Accounting
- Microsoft PowerPoint
- Construction Management Software ProEst
- Choice Job Cost
- Microsoft Word
- Autodesk Revit
- SAP BusinessObjects Crystal Reports
- QSM SLIM
- Microsoft Access
- Corel QuattroPro