In Summary - Estimator / Cost Engineer
Estimator / Cost Engineers typically work in the following Career Sectors:
Videos on the Web
- Estimator / Cost Engineer- from: Youtube Search
The Work - Estimator / Cost Engineer
The work of an Estimator or Cost engineer is to work out how much it costs to supply products or services to a client.
Estimators working for a manufacturing, engineering or construction company for example, produce estimates for a wide range of products or services:
- Mass-produced goods - such as DVDs or trainers
- Building and construction projects - such as houses, shopping centres, factories or bridges
- Landscaping projects
- Public services - such as underground transport, motorways.
The job involves researching and assessing information from a variety of sources in order to collate and prepare accurate cost estimates.
Most commonly reported Work Tasks
- Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Prepare estimates for use in selecting vendors or subcontractors.
- Confer with engineers, architects, owners, contractors and subcontractors on changes and adjustments to cost estimates.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Set up cost monitoring and reporting systems and procedures.
- Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
Most commonly reported Work Activities
- Getting Information Observing, receiving, and otherwise obtaining information from all relevant sources.
- Interacting With Computers Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
- Estimating the Quantifiable Characteristics of Products, Events, or Information Estimating sizes, distances, and quantities; or determining time, costs, resources, or materials needed to perform a work activity.
- Analyzing Data or Information Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
- Communicating with Supervisors, Peers, or Subordinates Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
- Processing Information Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
- Updating and Using Relevant Knowledge Keeping up-to-date technically and applying new knowledge to your job.
- Documenting/Recording Information Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
- Making Decisions and Solving Problems Analyzing information and evaluating results to choose the best solution and solve problems.
- Communicating with Persons Outside Organization Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
Interests - Estimator / Cost Engineer
This occupation is typically suited for people with the following Career Interests:
Administrative people are interested in work that offers security and a sense of being part of a larger process. They may be at their most productive under supervisors who give clear guidelines and while performing routine tasks in a methodical and reliable way.
They tend to enjoy clerical and most forms of office work, where they perform essential administrative duties. They often form the backbone of large and small organisations alike. They may enjoy being in charge of office filing systems, and using computers and other office equipment to keep things running smoothly. They usually like routine work hours and prefer comfortable indoor workplaces.
Enterprising people like situations that involve using resources for personal or corporate economic gain. Such people may have an opportunistic frame of mind, and are drawn to commerce, trade and making deals. Some pursue sales and marketing occupations. Many will eventually end up owning their own business, or in management roles in larger organisations. They tend to be very goal-oriented and work best when focused on a target. Some have an entrepreneurial inclination.
The Investigative person will usually find a particular area of science to be of interest. They are inclined toward intellectual and analytical activities and enjoy observation and theory. They may prefer thought to action, and enjoy the challenge of solving problems with sophiscticated technology. These types prefer mentally stimulating environments and often pay close attention to developments in their chosen field.
Estimators need excellent maths skills, strong IT skills, the ability to work with a high level of accuracy and attention to detail and an organised approach to their work.
Good communication and negotiating skills are also valuable.
Entry Requirements - Estimator / Cost Engineer
Estimators typically move into this area of work after gaining some experience within a particular area of industry in a more hands-on role for example, as a craftsperson, a technician, a landscaper, building trades person or surveying assistant etc.
With a good basic standard of education, such as Leaving Certificate, LCVP, or LCA, combined with experience in a specific sector, it may be possible to become a junior estimator and work your way up.
The alternative option is a college course which covers some of the skills needed for the job, then apply for work afterwards.
Relevant subject areas for further study include:
- Structural engineering
- Civil engineering
- Quantity surveying.
Last Updated: November, 2014
Pay & Salary - Estimator / Cost Engineer
Salary Range (thousands per year)* 45k - 65k
CIF / Lincoln
Last Updated: July, 2017
* The lower figures typically reflect starting salaries. Higher salaries are awarded to those with greater experience and responsibility. Positions in Dublin sometimes command higher salaries.