Cost Estimator

Cost Estimator

About the Job

A cost estimator collects and analyzes data in order to estimate the amount of time, money, materials, and labor required to construct a building. They often specialize in a certain industry segment, such as structures, finishes, or electrical systems. Estimators also collaborate with construction managers in order to keep a project within budget.

What You’ll Do

Cost estimators are vital to any construction project or business. They provide estimates that are used to submit contract bids or to price projects accurately. Estimators collaborate with contractors, architects, engineers, and clients to keep a project within budget as well as to maintain the cost records for the entire project.

Estimates are based on factors such as time, materials, and labor costs, as well as bad weather, delays for other reasons, and any other issues that might increase the cost of a project. Many cost estimators use software to simulate a typical construction timeline in order to accurately determine the cost of a project.

The following are examples of types of estimators:

  • Construction cost estimators prepare estimates for a building project. They identify the costs of elements such as raw materials, products, components, and labor, and they may set a timeline for how long they expect a project to take. Although many work directly for construction firms, some construction cost estimators work for sub-contractors and engineering firms.
  • Manufacturing cost estimators calculate the costs of developing, producing, or redesigning a company’s goods or services. Some manufacturing cost estimators work in software development. Many high-technology products require a considerable amount of computer programming, and calculating the costs of software development requires great expertise.

Qualities and Skills Needed

Analytical skills
Ability to interpret plans
and specifications
Attention to detail
Math skills
Time-management skills
Writing skills

Education Required

A bachelor’s degree in a related field such as architecture, construction management, or engineering is usually required to become a cost estimator, in addition to a strong background in math. However, a very experienced worker with a background in construction may be able to qualify without a degree. On-the-job training and field experience is often required. Cost estimators will also need to learn specialized software, which may be included in their on-the-job-training.

Licenses, Certifications, and Registrations

Certification exams are typically not required for cost estimators, but these demonstrate competence and experience
so are highly recommended. Companies may require a job candidate to take certification exams before he or she is hired. In order to become certified, estimators generally need to have at least two years of estimating experience and be able to pass a written exam.The following organizations offer a variety of certifications:

The following organizations offer a variety of certifications:

  • American Society of Professional Estimators
  • Association for the Advancement of Cost Estimating
Find Education Opportunities Now or check out other resources.

The average salary is $62,527 but will vary depending on experience and training.