Career Details
13-1051.00 - Cost Estimators
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.
Key Facts

Tasks

Core
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
- Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Prepare estimates for use in selecting vendors or subcontractors.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
- Set up cost monitoring and reporting systems and procedures.
- Establish and maintain tendering process, and conduct negotiations.
- Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.
- Collect historical cost data to estimate costs for current or future products.
Supplemental
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Visit site and record information about access, drainage and topography, and availability of utility services.
Knowledge

- 90%Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
- 80%Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services.
- 78%Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
- 76%Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.
- 75%Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
- 70%Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
- 70%Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
- 65%Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
- 64%Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
- 62%Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
- 62%Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
- 58%Knowledge of machines and tools, including their designs, uses, repair, and maintenance.
- 55%Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.
- 55%Knowledge of principles and methods for curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
- 50%Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
Tools

- Desktop computers
- Notebook computers
- Personal computers
- Personal digital assistants PDA
- Tablet computers
- Scanners
Technology

- Adobe Systems Adobe AcrobatHOT
- Laserfiche Avante
- Apple AppleWorks
- Corel QuattroPro
- IBM Lotus 1-2-3
- Microsoft ExcelHOT
- Microsoft OneNote
- Microsoft PowerPointHOT
- Microsoft VisioHOT
- Microsoft WordHOT
- Trimble SketchUp ProHOT
- Assured Software JPP
- Microsoft AccessHOT
- Microsoft Business Contact Manager
- Oracle HyperionHOT
- Sage 100 Contractor
- Sage 300 Construction and Real Estate
- SAP BusinessObjects Crystal Reports
- Software AG
- Xactware Xactimate
- Autodesk AutoCADHOT
- Autodesk RevitHOT
- Computer aided design and drafting CADD softwareHOT
- ConEst Electrical Formulas
- ConEst IntelliBid Design BuildHOT
- ConEst SureCountHOT
- Construction Management Software ProEst
- Dassault Systemes CATIAHOT
- Decisioneering Crystal Ball
- QSM SLIM
- Resources Calculations Incorporated SoftCost
- WinEstimator WinEst
- Choice Job Cost
- ConEst Intellibid
- ConEst T&M Billing Manager
- Cost accounting software
- Cost estimation software
- CPR International GeneralCOST Estimator
- CPR Visual Estimator
- IBM Costimater
- Intuit QuickBooksHOT
- Microsoft DynamicsHOT
- Oracle JD Edwards EnterpriseOneHOT
- Palisade @Risk
- PRICE Sytems TruePlanning
- Primavera Cost Management
- Sage 50 Accounting
- SAPHOT
- Softstar Costar COCOMO II
- ConEst BidTrac
- ConEst JobTrac
- ConEst Permit Trac
- EFI Hagen OA
- Galorath SEER
- Galorath SEER-SEM
- HCSS HeavyBid
- HCSS HeavyJob
- Logic Software Easy Projects.NET
- Microsoft OfficeHOT
- Microsoft ProjectHOT
- Oracle Primavera Enterprise Project Portfolio ManagementHOT
- Microsoft OutlookHOT
Certifications

- Certified Anti-Money Laundering Specialist1101 Brickell Av. Suite 601-South Miami, FL 33131, United States
- Certified Professional Estimator2525 Perimeter Place Drive - suite 103 Nashville, TN 37214
- Certified Construction Specifier99 Canal Center Plaza, Suite 300, Alexandria, VA 22314
- Certified Cost Professional209 Prairie Avenue, Suite 100, Morgantown, WV 26501304-296-8444
- Certified Gemologist Appraiser8881 West Sahara Avenue, Las Vegas, NV 89117
- Certified Estimating Professional209 Prairie Avenue, Suite 100, Morgantown, WV 26501304-296-8444
- Independent Certified Gemologist Appraiser8881 West Sahara Avenue, Las Vegas, NV 89117
- Registered Jeweler8881 West Sahara Avenue, Las Vegas, NV 89117
- Certified Anti-Money Laundering Consultant1670-F East Cheyenne Mtn. Blvd.; Box #293 Colorado Springs, CO 80906
- Value Methodology Practitioner136 South Keowee Street, Dayton, OH 45402
- Certified Scheduling Technician209 Prairie Avenue, Suite 100, Morgantown, WV 26501304-296-8444
- Certified Cost Estimator/Analyst8221 Old Courthouse Road, Suite 106, Vienna, VA 22182
- Certified Cost Technician209 Prairie Avenue, Suite 100, Morgantown, WV 26501304-296-8444
- Certified Healthcare Constructor155 N. Wacker Dr., Chicago, IL 60606800-424-4301
Licensing

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Clicking on the Degree programs in the list below will take you away from the Careers page.
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