Cost Estimator

Career Guide
A Cost Estimator is responsible for calculating the approximate costs associated with a project or product. They analyze various factors including materials, labor, and time requirements to provide accurate cost projections, helping businesses and organizations budget effectively and make informed decisions.

Key Responsibilities

  • Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
  • Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
  • Prepare estimates for use in selecting vendors or subcontractors.

Top Skills for Success

Analytical Thinking
Attention to Detail
Knowledge of Estimation Software

Career Progression

Can Lead To
Senior Cost Estimator
Cost Estimation Manager
Transition Opportunities
Project Manager
Financial Analyst

Common Skill Gaps

Often Missing Skills
Advanced Data AnalysisSoftware Proficiency
Development SuggestionsConsider enrolling in courses for advanced Excel and estimation software, and seek out projects that require complex data analysis to gain experience.

Salary & Demand

Median Salary Range
Entry Level$45,000 - $55,000
Mid Level$55,000 - $75,000
Senior Level$75,000 - $100,000
Growth Trend
The demand for cost estimators is expected to grow as companies continue to look for ways to control costs and increase efficiency.

Companies Hiring

Major Employers
AECOMFluor Corporation
Industry Sectors
ConstructionManufacturing

Recommended Next Steps

1
Pursue certifications such as the Certified Cost Professional (CCP) to enhance credibility.
2
Gain experience in a variety of projects to diversify your estimating skills and improve adaptability.

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