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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
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Liberty University provides a worldclass education from a christ-centered worldview
  • 100% online programs at associate, bachelor’s, master’s, and doctoral levels
  • No standardized testing if student meets admission requirements
  • Accredited by the Southern Association of Colleges and Schools Commission on Colleges
  • 87% of Liberty University students receive some form of financial aid
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
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
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
1 Program(s) Found
  • Career training since 1963.
  • Gives you the freedom and flexibility to learn on your own time, at your own pace and in your own environment.
  • Complete your education and gain technical skills when and where it's convenient for you!
  • Accredited by the Accrediting Council for Independent Colleges and Schools (ACICS).
  • We Change Lives...One Person At A Time. ®
  • Online Courses

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