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Career Details : Cost Estimators

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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.

Experience

A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education

Most of these occupations require a four-year bachelor's degree, but some do not.

Training

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Tasks

  • Analyzes blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates.
  • Prepares estimates used for management purposes, such as planning, organizing, and scheduling work.
  • Prepares estimates for selecting vendors or subcontractors and determining cost-effectiveness.
  • Reviews data to determine material and labor requirements and prepares itemized list.
  • Prepares time, cost, and labor estimates for products, projects, or services, applying specialized methodologies, techniques, or processes.
  • Conducts special studies to develop and establish standard hour and related cost data or to effect cost reduction.
  • Computes cost factors used for preparing estimates for management and determining cost-effectiveness.
  • Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.

    Related Careers

    Important Abilities

    General Work Activities

    Important Skills

    Frequent Work Context

    • Consequence of Error
    • Importance of Being Exact or Accurate
    • Importance of Being Sure All Is Done
    • Indoors
    • Sitting

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