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Cost Estimators Job Description

Job Descriptions October 13, 2013

Cost estimators are a highly important part of the business machines, the ones who predict the expenses of future projects, including products and services. Considering the need of projection, you will find cost estimators active in practically every profession, from construction to manufacturing to retail and nonprofit.

Cost estimators consider all forms of data as well as multiple angles of analysis, including duration, scope and potential profitability. The job is not standardized because you may have different duties depending on the project or product you are handed.

You are in charge of analyzing and compiling data on every possible factor that can influence a future campaign.

What Do Cost Estimators Do?

These professionals break down all expenses, from parts and labor to land, and other resources. They are quite intricately involved with the day to day budgeting process since they will help managers to make shrewd and cost-effective decisions. They review plans and architectural models, but will not move ahead until they visit the actual site of the building.

When planning a construction project they must take into account the geographical features of the land and how accessible it is to modern conveniences like water and power. Only after drawing up all of the specifics is there a report generated. Now, the cost estimator has a comprehensive estimate to present to his/her superiors.

If the project is in product production, the professional must work closely with the engineers, analyzing blueprints and drawings, and then creating a list of parts and equipment that will be required for mass production. He or she may also visit the factory, which will be handling the project, to ensure there are no other factors that may influence the schedule.

This type of job often works with computer software since this reduces the number of errors. The goal is to create a faster and easier means of production.

The Expectations for a Cost Estimator

This worker will also be in charge of accessing the effectiveness of products, materials and other resources, not to mention consulting with clients and vendors. Some degree of social skill is required, since you must discuss changes and adjustments with many different people, coming from the knowledge of forecasting expenses.

You will be helping influential people to make informed decisions, adopt great hiring practices, and avoid disastrous projects before they take their role. This is a fast-growing field according to the U.S. Bureau of Labor Statistics. It is set to grow at an above average pace, and particularly so because of the huge market for construction contracting, natural gas distribution, and gas pipeline projects.

This is not an easy job and can be stressful if there are tight deadlines. However, breaking into the field does not have to be overly complicated or demanding. You can qualify for a position with a bachelor’s degree and perhaps concentrate on subjects like physical science, operations research, engineering, and other related studies. Some workers have even soared to greater success, starting with only a high school diploma.

The average salary is over $57,000, and the career field looks promising. Now is the time to contact a college such as the ones listed below, and progress towards a prosperous career.

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Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
4 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
  • Online Courses
5 Program(s) Found
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Our online program blends modern business theory with real-world applications
  • SACS accredited with associate's, baccalaureate, & master's degrees & diplomas
  • US News & World Report ranks Online Bachelor’s Programs among top 10%
  • Ranked one of the best for vets business schools by Military Times
  • Qualifying students can take faith in EPCI’s unwavering Fixed Tuition Pledge
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

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