Cost Estimator
What Do Cost Estimator Do?
Job Description & Duties 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.
Life As a Cost Estimator: What Do They Do?
- 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.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Establish and maintain tendering process, and conduct negotiations.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
What Every Cost Estimator Should Know
- Mathematics: Using mathematics to solve problems.
- Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
- Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Active Listening: 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.
- Speaking: 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.
Types of Cost Estimator Jobs
- Cost Engineer
- Estimator
- Procurement Technician
- Job Estimator
- Crating and Moving Estimator
What Tools & Technology do Cost Estimators Use?
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Microsoft Access
- SAP
- Microsoft Project
- Autodesk AutoCAD
- Adobe Systems Adobe Acrobat
- Microsoft Visio
- Microsoft Dynamics
- Intuit QuickBooks
- Oracle JD Edwards EnterpriseOne
- Dassault Systemes CATIA
- Oracle Primavera Enterprise Project Portfolio Management
- Oracle Hyperion
- Sage 50 Accounting
- Autodesk Revit
- Trimble SketchUp Pro