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.Number of Jobs in 2010: 679
Number of Jobs in 2020: 768
Yearly Job Growth Rate: 13.1
Annual Openings: 22
Entry Wage: $17.72
Median Wage: $24.14
Education Requirement: Bachelor's degree
Learn more about this job
- 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.
- 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 cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Set up cost monitoring and reporting systems and procedures.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
- Establish and maintain tendering process, and conduct negotiations.
- Visit site and record information about access, drainage and topography, and availability of services such as water and electricity.
Business Administration Master at Saint Josephs College Online
Business Administration Bachelor at Saint Josephs College Online
Business Administration Associate at Saint Josephs College Online
Interdisciplinary Studies/Business Administration Bachelor at Saint Josephs College Online
Indivduals currently working as Cost Estimators can easily transition into any of the occupations lisated below.
- Risk Management Specialists
- Logistics Analysts
- Purchasing Agents, Except Wholesale, Retail, and Farm Products*
- Logistics Managers*
- Market Research Analysts and Marketing Specialists*
- Supply Chain Managers*
- Regulatory Affairs Specialists*
- Financial Analysts
- Budget Analysts
- Transportation Planners
* The occupation mentioned is in demand in the state of Maine, and is projected to employ new workers each year.
Occupational data obtained from the Maine Department of Labor and O*NET
Related Maine Educational Programs are determined from CIP codes entered for the programs, which are then correlated to O*NET SOC Codes for each occupation via the 2010 CIP to SOC Crosswalk.
Last updated on January 29, 2013