Projected Growth: Faster than average
Projected Job Openings
Considerable Preparation Needed
Your job is to 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.
Common job titles of Cost Estimators include:
Experience and Education
A considerable amount of work-related skill, knowledge, or experience is needed for this occupation. For example, a person in this occupation must complete four years of college and work for several years in industry to be considered qualified.
63.64% said they needed a Bachelor's Degree.
18.18% said they needed a Master's Degree.
Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
Establish and maintain tendering process, and conduct negotiations.
Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
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.
Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
Collect historical cost data to estimate costs for current or future products.
Visit site and record information about access, drainage and topography, and availability of services such as water and electricity.
Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
Set up cost monitoring and reporting systems and procedures.
Prepare and maintain a directory of suppliers, contractors and subcontractors.
Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
Prepare estimates for use in selecting vendors or subcontractors.
Personal digital assistants PDA
Computer aided design and drafting CADD software
ConEst IntelliBid Design Build
Trimble SketchUp Pro
Assured Software JPPAll Technologies
Choice Job Cost
ConEst Electrical Formulas
ConEst Permit Trac
ConEst T&M Billing Manager
Construction Management Software ProEst
Cost accounting software
Cost estimation software
CPR International GeneralCOST Estimator
CPR Visual Estimator
Decisioneering Crystal Ball
EFI Hagen OA
IBM Lotus 1-2-3
Logic Software Easy Projects.NET
Microsoft Business Contact Manager
PRICE Sytems TruePlanning
Primavera Cost Management
Resources Calculations Incorporated SoftCost
Sage 100 Contractor
Sage 300 Construction and Real Estate
SAP BusinessObjects Crystal Reports
Softstar Costar COCOMO II
Using mathematics to solve problems.
Understanding written sentences and paragraphs in work related documents.
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Talking to others to convey information effectively.
Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Communicating effectively in writing as appropriate for the needs of the audience.
Understanding the implications of new information for both current and future problem-solving and decision-making.
Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
Management of Financial Resources
Determining how money will be spent to get the work done, and accounting for these expenditures.
Being aware of others' reactions and understanding why they react as they do.
Adjusting actions in relation to others' actions.
Bringing others together and trying to reconcile differences.
Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
Persuading others to change their minds or behavior.
Managing one's own time and the time of others.
Listen to and understand information and ideas presented through spoken words and sentences.
Cognitive Abilities › Verbal Abilities › Oral Comprehension
Communicate information and ideas in speaking so others will understand.
Cognitive Abilities › Verbal Abilities › Oral Expression
Combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
Cognitive Abilities › Idea Generation and Reasoning Abilities › Inductive Reasoning
Choose the right mathematical methods or formulas to solve a problem.
Cognitive Abilities › Quantitative Abilities › Mathematical Reasoning
Add, subtract, multiply, or divide quickly and correctly.
Cognitive Abilities › Quantitative Abilities › Number Facility
Read and understand information and ideas presented in writing.
Cognitive Abilities › Verbal Abilities › Written Comprehension
Apply general rules to specific problems to produce answers that make sense.
Cognitive Abilities › Idea Generation and Reasoning Abilities › Deductive Reasoning
See details at close range (within a few feet of the observer).
Sensory Abilities › Visual Abilities › Near Vision