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Cost Estimators

Also called: Estimator, Cost Estimator, Estimator Project Manager, Project Manager

What they do:
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.
On the job, you would:
  • Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
  • Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
  • Prepare estimates for use in selecting vendors or subcontractors.

Knowledge

Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
Engineering and Technology
  • product and service development
  • computers and electronics
Arts and Humanities
  • English language
Business
  • accounting and economics

Skills

Basic Skills
  • using math to solve problems
  • talking to others
Problem Solving
  • noticing a problem and figuring out the best way to solve it
People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one
  • figuring out how a system should work and how changes in the future will affect it

Abilities

Math
  • add, subtract, multiply, or divide
  • choose the right type of math to solve a problem
Verbal
  • communicate by speaking
  • listen and understand what people say
Ideas and Logic
  • make general rules or come up with answers from lots of detailed information
  • use rules to solve problems

Personality

People interested in this work like activities that include
data, detail, and regular routines.
They do well at jobs that need:
  • Attention to Detail
  • Analytical Thinking
  • Dependability
  • Integrity
  • Stress Tolerance
  • Cooperation

Technology

You might use software like this on the job:

Project management software
  • Assured Software JPP
  • Xactware Xactimate
Financial analysis software
  • CPR International Visual Estimator
  • IBM Costimater
Accounting software
  • Choice Job Cost
  • CPR International GeneralCOST Estimator

Education

Education: (rated 4 of 5)
bachelor's degree or
associate's degree
usually needed

Get started on your career:

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Job Outlook

Bright Outlook
New job opportunities are very likely in the future.
Salary
$58,460
per year, on average
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See more details at O*NET OnLine about cost estimators.