Cost estimators prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining the price of the product or service. May specialize according to particular service performed or type of product manufactured.

  • Collect historical cost data to estimate costs for current or future products.
  • Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
  • Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
  • Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
  • Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
  • Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
  • Prepare estimates for use in selecting vendors or subcontractors.
  • Set up cost monitoring and reporting systems and procedures.
  • Establish and maintain tendering process, and conduct negotiations.
  • Prepare and maintain a directory of suppliers, contractors and subcontractors.
  • Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
  • Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
  • 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 services such as water and electricity.
Work Context
  • Electronic Mail — 100% responded "Every day".
  • Telephone — 69% responded "Every day".
  • Indoors, Environmentally Controlled — 82% responded "Every day".
  • Face-to-Face Discussions — 60% responded "Every day".
  • Importance of Being Exact or Accurate — 64% responded "Extremely important".
  • Impact of Decisions on Co-workers or Company Results — 50% responded "Very important results".
  • Spend Time Sitting — 64% responded "Continually or almost continually".
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Work Activities
  • Interacting With Computers — Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
  • Getting Information — Observing, receiving, and otherwise obtaining information from all relevant sources.
  • Analyzing Data or Information — Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
  • Processing Information — Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
  • Estimating the Quantifiable Characteristics of Products, Events, or Information — Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
  • Communicating with Supervisors, Peers, or Subordinates — Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
  • Establishing and Maintaining Interpersonal Relationships — Developing constructive and cooperative working relationships with others, and maintaining them over time.
  • Communicating with Persons Outside Organization — Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
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Detailed Work Activities
  • Analyze business or financial data.
  • Estimate costs of goods or services.
  • Monitor financial indicators.
  • Assess the cost effectiveness of products, projects, or services.
  • Confer with personnel to coordinate business operations.
  • Confer with others about financial matters.
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Knowledge

Mathematics
  • Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
Engineering and Technology
  • 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.
English Language
  • Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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Skills

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.
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Abilities

Oral Comprehension
  • The ability to listen to and understand information and ideas presented through spoken words and sentences.
Oral Expression
  • The ability to communicate information and ideas in speaking so others will understand.
Number Facility
  • The ability to add, subtract, multiply, or divide quickly and correctly.
Inductive Reasoning
  • The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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Personality

People interested in this work like activities that include ideas, thinking, and figuring things out.
They do well at jobs that need:
  • Achievement/Effort
  • Persistence
  • Initiative
  • Leadership
  • Cooperation
  • Concern for Others
  • Social Orientation
  • Self Control
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Technology

You might use software like this on the job:

Document management software
  • Adobe Systems Adobe Acrobat Hot Technology
  • Laserfiche Avante
Computer aided design CAD software
  • Dassault Systemes CATIA Hot Technology
  • ConEst SureCount Hot Technology
  • Computer aided design and drafting CADD software Hot Technology
  • ConEst IntelliBid Design Build Hot Technology
  • Autodesk AutoCAD Hot Technology
  • Autodesk Revit Hot Technology
Project management software
  • Oracle Primavera Enterprise Project Portfolio Management Hot Technology
  • Microsoft Project Hot Technology
  • ConEst JobTrac
  • ConEst BidTrac
  • Logic Software Easy Projects.NET
  • HCSS HeavyJob
  • HCSS HeavyBid
  • Galorath SEER-SEM
  • Galorath SEER
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