Cost Estimators
Also known as: Acquisition Cost Estimator, Analyst, Building Construction Estimator (+34 more)
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.
Take our free 15-minute assessment to see how well this career fits YOUR unique profile
What You'll Do
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
- Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Prepare estimates for use in selecting vendors or subcontractors.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
- Set up cost monitoring and reporting systems and procedures.
Essential Skills
Career Fit Overview
Use this summary to sense whether the day to day rhythm and focus of this path line up with what energizes you.
Top passions
- Organizer: Bringing order to data and processes satisfies you.
- Leader: Taking charge and moving ideas forward motivates you.
- Analyst: Investigating problems and finding patterns keeps you engaged.
Common styles
Attention to Detail, Integrity, Analytical Thinking, Dependability, Cooperation
Want a personal read on fit. Take the free assessment and see your exact compatibility with this career and many related roles.
Key Abilities
This career demands strong capabilities in the following areas:
Technologies & Tools
Work Environment & Style
Common Styles for This Career
- Attention to Detail (High importance: 4.41/5)
- Integrity (High importance: 4.41/5)
- Analytical Thinking (High importance: 4.36/5)
- Dependability (High importance: 4.18/5)
- Cooperation (High importance: 3.91/5)
Want to see how YOUR work style matches this career?
Take Free 15-Min Assessment →How to Become One
Most employers require a bachelor's degree in a relevant field. Some positions may also require experience through internships, co-ops, or entry-level work to strengthen your candidacy.
Similar Careers to Explore
Logistics Analysts
99.7% similar profile
Government Property Inspectors and Investigators
99.5% similar profile
Freight Forwarders
99.4% similar profile
Quality Control Systems Managers
99.1% similar profile
Appraisers of Personal and Business Property
99.0% similar profile
Appraisers and Assessors of Real Estate
98.9% similar profile
Logisticians
98.7% similar profile
Retail Loss Prevention Specialists
98.7% similar profile
Also Known As
This career is known by many different job titles across industries. Here are all the variations:
Ready to Discover Your Perfect Career?
Our scientific assessment measures your styles, passions, and drivers to match you with careers where you'll thrive.
Take Free Assessment (15 min) →