Cost estimators predict the cost of a project. They estimate what will
be needed and determine how profitable the venture will be. They compile and
analyze information that will be used to determine cost, price and other factors.
Job duties vary. Cost estimators may analyze costs such as labor, materials,
location and machinery requirements. They may do a large part of their work
using computer programs such as spreadsheets. Or they may have to figure estimates
without using a computer.
Cost estimators must project the cost and bid on projects for their company.
They want to come up with a bid that is lower than that of other companies.
That's because the lowest bid is accepted and then the estimator's company
will get the job. This requires that estimators have specific and detailed
knowledge of the field in which they work.
Cost estimators can work in a variety of fields, such as construction,
engineering, manufacturing, retail and agriculture. Each type of cost estimating
requires a different working environment.
The type or size of a project will define the job an estimator does. A
cost estimator working on a large construction project will have far more
responsibilities than a cost estimator working in the engineering department
of a gas fireplace manufacturer, for example.
Computer programs that rely on databases and spreadsheets are reducing
the amount of time estimators spend defining costs. This allows them to spend
more time making sure their estimates are accurate.
On an average workday, cost estimators might go to a construction site
to take measurements. Or they might be in the office calculating the cost
of a project. They use those calculations when writing up proposals or bids.
Most estimators work weekdays. However, overtime is common. In some positions,
travel is also required.
There are normally no physical requirements for this kind of position.
The job may, however, involve moving around construction sites. This may be
difficult for those who are confined to wheelchairs.