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     Occupation Profile November 21, 2009      
 
 
 
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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   View a brief introduction to Cost Estimators
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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:
 
 
  • 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..
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents..
  • Mathematics - Using mathematics to solve problems..
  • Time Management - Managing one's own time and the time of others..
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience..
  • Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job..
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems..
 
Knowledge:
 
 
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications..
  • 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..
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar..
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction..
  • Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods..
  • Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology..
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data..
 
Search for Jobs on Connecticut's Labor Exchange (CTJOBcentral):
 
  Search for Cost Estimators Jobs
  (Please note that some searches may not produce any results.)
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 Units $68,598.00 $32.98 $20.94 $23.99 - $39.93
Bridgeport/Stamford $76,339.00 $36.70 $19.76 $23.64 - $47.67
Danbury $65,421.00 $31.45 $22.44 $27.15 - $37.93
Hartford $65,977.00 $31.72 $21.74 $24.41 - $37.67
New Haven $68,355.00 $32.87 $21.09 $23.53 - $40.20
New London/Norwich $65,532.00 $31.50 $21.25 $24.10 - $38.46
Springfield $64,348.00 $30.93 $21.37 $25.43 - $37.57
Worcester $56,758.00 $27.28 $15.41 $17.89 - $33.93
Torrington $62,688.00 $30.15 $19.38 $20.98 - $38.57
Danielson $55,079.00 $26.48 $18.10 $19.98 - $33.72
 
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
2006 2016
State of Connecticut 2,760 3,140 1.2% 94
 
 
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 good or favorable job opportunities.
 
Key:
  N/A = Not Applicable
  ***** = Over $60.00 per hour
  ##### = Over $124,821
 
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 Some of the occupational information on this page is formulated from O*NETTM v7.0 data.
O*NETTM is a trademark of the U.S. Department of Labor, Employment and Training Administration.
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