• Home
• Apply
• Go To College
• Get Money
• Prepare
• Plan a Career
• About Us
• Support

Career Details :: Cost Estimators

Description

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.

Experience

A minimum of two to four years of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.

Education

Most of these occupations require a four-year bachelor's degree, but some do not.

Training

Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.

Tasks

• Analyzes blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates.
• Prepares estimates used for management purposes, such as planning, organizing, and scheduling work.
• Prepares estimates for selecting vendors or subcontractors and determining cost-effectiveness.
• Reviews data to determine material and labor requirements and prepares itemized list.
• Prepares time, cost, and labor estimates for products, projects, or services, applying specialized methodologies, techniques, or processes.
• Conducts special studies to develop and establish standard hour and related cost data or to effect cost reduction.
• Computes cost factors used for preparing estimates for management and determining cost-effectiveness.
• Consults with clients, vendors, or other individuals to discuss and formulate estimates and resolve issues.

Related Careers

• Actuaries
  
• Budget Analysts
  
• Claims Examiners, Property and Casualty Insurance
  
• Credit Analysts
  
• Insurance Appraisers, Auto Damage
  
• Insurance Underwriters
  
• Mathematicians
  
• Purchasing Agents, Except Wholesale, Retail, and Farm Products
  
• Tax Preparers
  

Important Abilities

• Number Facility
• Written Comprehension
• Mathematical Reasoning
• Oral Expression
• Oral Comprehension

General Work Activities

• Processing Information
• Estimating Needed Characteristics
• Getting Information Needed to Do the Job
• Analyzing Data or Information
• Identifying Objects, Actions, and Events

Important Skills

• Information Gathering
  
• Mathematics
  
• Reading Comprehension
  
• Writing
  
• Active Learning
  

Frequent Work Context

• Consequence of Error
• Importance of Being Exact or Accurate
• Importance of Being Sure All Is Done
• Indoors
• Sitting

Related Majors

Major	Add to XapPack
Accounting/Management	[ add ]
Administration	[ add ]
Administration/Management	[ add ]
Administrative Science	[ add ]
Administrative Studies	[ add ]
Architecture/Business Administration	[ add ]
Business	[ add ]
Business Administration	[ add ]
Business Administration/Accounting	[ add ]
Business Administration/Administration	[ add ]
Business Administration/Behavioral Science	[ add ]
Business Administration/Business Education	[ add ]
Business Administration/Communication Arts	[ add ]
Business Administration/Computer Science	[ add ]
Business Administration/Economics	[ add ]
Business Administration/Equestrian Studies	[ add ]
Business Administration/Ethics	[ add ]
Business Administration/Finance	[ add ]
Business Administration/Human Resources Management	[ add ]
Business Administration/International Studies	[ add ]
Business Administration/Law	[ add ]
Business Administration/Management	[ add ]
Business Administration/Management Information Systems	[ add ]
Business Administration/Marine Transportation	[ add ]
Business Administration/Marketing	[ add ]
Business Administration/Marketing/Retail	[ add ]
Business Administration/Office Administration	[ add ]
Business Administration/Public Health	[ add ]
Business Management	[ add ]
Business Management/Administration	[ add ]
Business Management/Banking	[ add ]
Business/Commerce	[ add ]
Business/Management	[ add ]
Business/Organizational Management	[ add ]
Business/Public Management	[ add ]
Chemistry/Management	[ add ]
Communication/Business Management	[ add ]
Computer Science/Business Administration	[ add ]
Economics for Business Management	[ add ]
Economics/Business Administration	[ add ]
Economics/Management	[ add ]
Electronic Commerce	[ add ]
Executive Business Administration	[ add ]
General Business Administration	[ add ]
General Management	[ add ]
Interdisciplinary Engineering/Management	[ add ]
International Business Administration	[ add ]
International Business/Management	[ add ]
Law/Business Administration	[ add ]
Liberal Arts Management/Business	[ add ]
Management	[ add ]
Management Services	[ add ]
Management/Administration	[ add ]
Management/Business	[ add ]
Management/Engineering	[ add ]
Management/Human Resources	[ add ]
Management/Industrial Relations	[ add ]
Management/International Business	[ add ]
Management/Library Science	[ add ]
Management/Organizational Communication	[ add ]
Management/Organizational Development	[ add ]
Management/Psychology/Management Science	[ add ]
Management/Technology	[ add ]
Managerial Studies	[ add ]
Mathematics/Business Administration	[ add ]
Mathematics/Management	[ add ]
Organizational Administration	[ add ]
Organizational Leadership	[ add ]
Organizational Management	[ add ]
Pre-engineering Physics	[ add ]
Professional Administration	[ add ]
Purchases/Acquisitions	[ add ]
Sociology/Business Administration	[ add ]
Welding Management Technology	[ add ]

Institutions Offering Related Majors

No institutions found.