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Cost Estimators

  • Architecture and Construction

Tasks

What tasks do Cost Estimators perform?

  • Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.

  • Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.

  • Collect historical cost data to estimate costs for current or future products.

  • Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.


Knowledge

What do Cost Estimators need to know?

  • Mathematics

    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

  • Economics and Accounting

    Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.

  • Computers and Electronics

    Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.


Skills

What skills do Cost Estimators need?

  • Reading Comprehension

    Understanding written sentences and paragraphs in work-related documents.

  • Mathematics

    Using mathematics to solve problems.

  • Speaking

    Talking to others to convey information effectively.



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Data on career profiles are based on information supplied by the O*NET Program, sponsored by U.S. Department of Labor, Employment, and Training Administration.