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COST ESTIMATORS
An Occupation in
 
Occupation 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.
 
Career Video:
  Video Icon  Cost Estimators
  Open-captioning or video transcript included for the hearing impaired. Career videos brought to you by CareerOneStop. Copyright © 2017 All Rights Reserved.
 
Typical 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.
  • Consult with clients, vendors, personnel in other departments or construction foremen to discuss and formulate estimates and resolve issues.
  • 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 estimates for use in selecting vendors or subcontractors.
  • Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
 
Skills:
 
 
  • Mathematics - Using mathematics to solve problems..
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems..
  • Speaking - Talking to others to convey information effectively..
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times..
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one..
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents..
  • Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures..
 
Knowledge:
 
 
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications..
  • Engineering and Technology - Knowledge of the practical application of engineering science and technology. This includes applying principles, techniques, procedures, and equipment to the design and production of various goods and services..
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar..
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data..
  • Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming..
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources..
  • Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models..
 
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Education & Training:
 
  Bachelor's degree
 
      View Related Programs on Connecticut's Education & Training ConneCTion site
 
Wage Information:
 
 
Region Average Annual Average Hourly Entry Level (hourly) Mid-Range  (hourly)
Statewide $77,338.00 $37.18 $24.46 $27.93 - $44.96
Bridgeport/Stamford $73,736.00 $35.45 $23.81 $26.94 - $39.24
Danbury $67,175.00 $32.30 $25.40 $27.08 - $38.17
Hartford $77,164.00 $37.10 $23.63 $27.29 - $46.14
New Haven $84,797.00 $40.77 $27.84 $32.15 - $50.76
New London/Norwich $87,767.00 $42.19 $28.68 $33.12 - $52.77
Waterbury $70,103.00 $33.70 $27.07 $27.70 - $37.15
Torrington $74,317.00 $35.74 $24.44 $27.28 - $40.31
      
Select a town to see its region Not sure which Region applies to you?
    

 
Occupation Outlook:
 
 
Region Employment Average Annual Growth Rate Average Annual Job Openings
2014 2024
State of Connecticut 2,180 2,390 0.9% 83
 
 
Chart of Growth Rate and Annual Openings   Employment in this occupation is expected to grow faster than average, and the number of annual openings will offer excellent job opportunities.
Key:
  N/A = Not Applicable, ***** = Over $60.00 per hour, ##### = Over $124,821
 
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