Cost Estimators - 13-1051.00

O*NET-SOC 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.

DOT Titles Included in this O*NET-SOC Code

  • Estimator

Sample of Occupations in this SOC Family

13-1011.00 Agents and Business Managers of Artists, Performers, and Athletes
13-1021.00 Purchasing Agents and Buyers, Farm Products
13-1022.00 Wholesale and Retail Buyers, Except Farm Products
13-1023.00 Purchasing Agents, Except Wholesale, Retail, and Farm Products
13-1031.00 Claims Adjusters, Examiners, and Investigators
13-1031.01 Claims Examiners, Property and Casualty Insurance
13-1031.02 Insurance Adjusters, Examiners, and Investigators
13-1032.00 Insurance Appraisers, Auto Damage
13-1041.00 Compliance Officers, Except Agriculture, Construction, Health and Safety, and Transportation
13-1041.01 Environmental Compliance Inspectors
13-1041.02 Licensing Examiners and Inspectors
13-1041.03 Equal Opportunity Representatives and Officers
13-1041.04 Government Property Inspectors and Investigators
13-1041.06 Coroners
13-1051.00 Cost Estimators
13-1061.00 Emergency Management Specialists
13-1071.00 Employment, Recruitment, and Placement Specialists
13-1071.01 Employment Interviewers
13-1071.02 Personnel Recruiters
13-1072.00 Compensation, Benefits, and Job Analysis Specialists
13-1073.00 Training and Development Specialists
13-1079.99 Human Resources, Training, and Labor Relations Specialists, All Other
13-1081.00 Logisticians

Related Occupations

Tasks

  • Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
  • Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
  • Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
  • Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
  • Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
  • Establish and maintain tendering process, and conduct negotiations.
  • Prepare and maintain a directory of suppliers, contractors and subcontractors.
  • Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
  • Prepare estimates for use in selecting vendors or subcontractors.
  • Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
  • Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
  • Set up cost monitoring and reporting systems and procedures.
  • Visit site and record information about access, drainage and topography, and availability of services such as water and electricity.

Detailed Work Activities

  • advise clients on financial matters
  • analyze budgets
  • analyze financial data
  • analyze technical data, designs, or preliminary specifications
  • bid engineering, construction or extraction projects
  • compile data for financial reports
  • compute cost estimates of construction or engineering projects
  • compute financial data
  • confer with vendors
  • convert design specifications to cost estimates
  • estimate cost for engineering projects
  • estimate materials or labor requirements
  • estimate production costs
  • estimate time needed for project
  • estimate time or cost for installation, repair, or construction projects
  • evaluate material specifications
  • identify supplier with best bid
  • interpret maps for architecture, construction, or engineering project
  • monitor operational budget
  • negotiate business contracts
  • prepare cost estimates
  • prepare financial reports
  • prepare periodic reports comparing budgeted costs to actual costs
  • read blueprints
  • read specifications
  • understand construction specifications
  • understand engineering data or reports
  • understand technical operating, service or repair manuals
  • use computers to enter, access and retrieve financial data
  • use cost benefit analysis techniques
  • use spreadsheet software
  • use statistical cost estimation methods