What does a Cost Estimator do?
Published 3 min read
A cost estimator is a professional who prepares estimates of the costs of manufacturing or constructing something. They analyze blueprints, specifications, proposals, and other documentation to prepare estimates for labor, materials, and other costs associated with the project.
Cost Estimator job duties include:
- Research and analyze historical data to determine cost trends
- Develop cost models to predict future costs
- Identify cost savings opportunities
- Analyze cost data to support negotiation of prices with vendors
- Prepare cost estimates for new products or services
- Evaluate cost impact of changes to design, materials, or manufacturing process
- Monitor project costs and expenditures
- Prepare reports detailing project costs and cost savings initiatives
- Assist in the development of bids and proposals
Cost Estimator Job Requirements
A cost estimator typically needs at least a bachelor's degree in a field such as engineering, construction management, or architecture. Many employers also prefer candidates who have earned professional certification from the American Society of Professional Estimators (ASPE) or the Association for the Advancement of Cost Engineering International (AACEI). In addition, cost estimators should have several years of experience working in the construction industry.
Cost Estimator Skills
- Analytical skills
- Attention to detail
- Math skills
- Computer skills
- Organizational skills
- Writing skills
- Communication skills
- Interpersonal skills
- Research skills
- Problem-solving skills
- Critical thinking skills
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How to become a Cost Estimator
A cost estimator is a professional who prepares estimates of the costs of manufacturing or constructing something. Cost estimators typically have a bachelor’s degree in engineering, business, architecture, or a related field. Many cost estimators also have certification from the American Society of Professional Estimators.
To become a cost estimator, you will need to have strong math skills and knowledge of construction methods and materials. You will also need to be able to use cost estimating software. Many employers will also want you to have experience working in the construction industry.
If you are interested in becoming a cost estimator, you should start by completing a bachelor’s degree program in engineering, business, architecture, or a related field. Once you have your degree, you should consider getting certified by the American Society of Professional Estimators. To get certified, you will need to pass an exam and meet experience requirements.
Once you have your degree and certification, you can start applying for jobs as a cost estimator. Many employers prefer to hire candidates who have experience working in the construction industry. If you don’t have any experience, you can try to get an entry-level position with a construction company or an engineering firm.
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