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