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