National Application Center :: career details :: Cost Estimators
Career Details :: Cost Estimators
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.
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.
Most of these occupations require a four-year bachelor's degree, but some do not.
Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
- 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.
- Budget Analysts
- Claims Examiners, Property and Casualty Insurance
- Credit Analysts
- Insurance Appraisers, Auto Damage
- Insurance Underwriters
- Purchasing Agents, Except Wholesale, Retail, and Farm Products
- Tax Preparers
General Work Activities
- Processing Information
- Estimating Needed Characteristics
- Getting Information Needed to Do the Job
- Analyzing Data or Information
- Identifying Objects, Actions, and Events
Frequent Work Context
- Consequence of Error
- Importance of Being Exact or Accurate
- Importance of Being Sure All Is Done