What Do Cost Estimators Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Cost Estimator
are Cost Estimators happy with their job

Cost Estimators

Other names for this job might include Building Construction Estimator, Building Estimator, Construction Estimator, Construction Job Cost Estimator, Contract Analyst, Cost Analyst, Cost Estimator, Cost Recovery/Investment Recovery Technician, Crating and Moving Estimator, Design Consultant


  • $64810
    Salary
  • 68%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

B+



Being A Cost Estimator: What You Really Do


In this job description guide, you will find out what do Cost Estimators do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Cost Estimator or not.



Job summary

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.

We asked Cost Estimators how satisfied they are with their job. Here is what they said.

Job satisfaction

68%

How meaningful is this job

44%


68% of them said they were satisfied with their job and 44% said they find that their job makes the world a better place or helps to make someone else’s life better.



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Typical day

We asked some Cost Estimators a few questions to find out what else does their work day look like. Here is what we found.

Do you have telephone conversations everyday in this job?82% said yes
Do you have to use email everyday in this job?86% said yes
How important is it to work in a team in this job?43% said very important
Do you have group discussions everyday in this job?61% said yes
Do you have to meet strict deadlines everyday in this job?29% said yes
Do you talk or work with customers everyday in this job?14% said yes
Do you have to deal with angry customers everyday in this job?4% said yes
Do you have to make decisions everyday in this job?14% said yes



Other responsibilities

Besides the “typical day” things that Cost Estimators do, they Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates. They might also Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.

On a weekly to monthly basis, Cost Estimators Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues. and Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.

In addition, they Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.

Although specific duties may vary, many of them Prepare estimates for use in selecting vendors or subcontractors.

To some Cost Estimators, it is also their responsibility to Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.

A typical week or month for them might include:

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.
Estimate costs of goods or services.



Working life

Working hours

More than 40 hours per week

Working schedule

Regular (Set schedule and routine)


In a typical work week as A Cost Estimator, you can expect to work More than 40 hours per week.

Do Cost Estimators work in an office-style work environment?

Everyday
96.43%

Once a week
0%

Once a month
0%

Once a year
0%

Never
3.57%

Do Cost Estimators work in a warehouse-style work environment?

Everyday
0%

Once a week
0%

Once a month
14.29%

Once a year
21.43%

Never
64.29%

Do Cost Estimators work outdoors?

Everyday
0%

Once a week
0%

Once a month
14.29%

Once a year
32.14%

Never
53.57%



Is this right for me

Best personality for this career

The Persuaders and The Organizers


You can read more about these career personality types here.

You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.

You also like following set procedures and routines. They like working with data and details more than with ideas.



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Career type

Business and Finance
Engineering
Construction
Management
Engineering and Technology

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Related to Cost Estimators Job Description

Cost Estimators job description, what do Cost Estimators do, typical day for Cost Estimators, what is it like to work as a Cost Estimator, how many hours do Cost Estimators work, day to day work of a Cost Estimator

Additional resources

http://www.bls.gov/OOH/business-and-financial/cost-estimators.htm
http://www.aacei.org/
http://www.aspenational.org/
http://www.iceaaonline.com/

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Cost Estimators
Written by: Stanley Tan
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.
4.5 / 5 stars

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