CareerGPS

Cost Estimators
Summary Occupational Forecast Data for Cost Estimators
Employment Employment Change Average Annual Job Openings Wage & Training Levels
2018 2023 Numerical Percent New Jobs Replacement Jobs Total Median Hourly Median Annual Training Levels
1,717 1,896 178 10.39% 36 176 212 $31.55 $65,627 Bachelor's degree
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.
Staffing Pattern Data Forecast Data Source: EMSI (2nd Quarter 2018)

Occupation Details

The information in this section represents occupational characteristics included in O*NET which defines key features of an occupation as a standardized, measurable set of variables called "descriptors". These distinguishing characteristics of an occupation are described in greater detail in the O*NET Content Model. All items are listed in descending order of importance.

  • 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.
  • Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
  • Prepare and maintain a directory of suppliers, contractors and subcontractors.
  • Set up cost monitoring and reporting systems and procedures.
  • Establish and maintain tendering process, and conduct negotiations.
  • Conduct special studies to develop and establish standard hour and related cost data or to effect cost reduction.

Knowledge

86%
Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
70%
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.
66%
English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
62%
Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
58%
Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
57%
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.
55%
Design - Knowledge of design techniques, tools, and principles involved in production of precision technical plans, blueprints, drawings, and models.
54%
Production and Processing - Knowledge of raw materials, production processes, quality control, costs, and other techniques for maximizing the effective manufacture and distribution of goods.
51%
Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.

Skills

72%
Mathematics - Using mathematics to solve problems.
69%
Speaking - Talking to others to convey information effectively.
69%
Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
65%
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.
65%
Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
62%
Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
62%
Management of Financial Resources - Determining how money will be spent to get the work done, and accounting for these expenditures.
60%
Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
56%
Writing - Communicating effectively in writing as appropriate for the needs of the audience.
56%
Systems Analysis - Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
53%
Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
53%
Coordination - Adjusting actions in relation to others' actions.
53%
Persuasion - Persuading others to change their minds or behavior.
53%
Time Management - Managing one's own time and the time of others.
53%
Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.
50%
Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Abilities

78%
Number Facility - The ability to add, subtract, multiply, or divide quickly and correctly.
75%
Mathematical Reasoning - The ability to choose the right mathematical methods or formulas to solve a problem.
69%
Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
69%
Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
65%
Speech Clarity - The ability to speak clearly so others can understand you.
65%
Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
65%
Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
65%
Written Comprehension - The ability to read and understand information and ideas presented in writing.
62%
Speech Recognition - The ability to identify and understand the speech of another person.
60%
Written Expression - The ability to communicate information and ideas in writing so others will understand.
60%
Information Ordering - The ability to arrange things or actions in a certain order or pattern according to a specific rule or set of rules (e.g., patterns of numbers, letters, words, pictures, mathematical operations).
56%
Near Vision - The ability to see details at close range (within a few feet of the observer).
53%
Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
53%
Fluency of Ideas - The ability to come up with a number of ideas about a topic (the number of ideas is important, not their quality, correctness, or creativity).
53%
Category Flexibility - The ability to generate or use different sets of rules for combining or grouping things in different ways.
53%
Selective Attention - The ability to concentrate on a task over a period of time without being distracted.

Work Activities

94%
Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.
93%
Interacting With Computers - Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
88%
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.
87%
Communicating with Supervisors, Peers, or Subordinates - Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
87%
Analyzing Data or Information - Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
82%
Processing Information - Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
79%
Documenting/Recording Information - Entering, transcribing, recording, storing, or maintaining information in written or electronic/magnetic form.
79%
Updating and Using Relevant Knowledge - Keeping up-to-date technically and applying new knowledge to your job.
77%
Making Decisions and Solving Problems - Analyzing information and evaluating results to choose the best solution and solve problems.
72%
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.
72%
Organizing, Planning, and Prioritizing Work - Developing specific goals and plans to prioritize, organize, and accomplish your work.
71%
Interpreting the Meaning of Information for Others - Translating or explaining what information means and how it can be used.
70%
Establishing and Maintaining Interpersonal Relationships - Developing constructive and cooperative working relationships with others, and maintaining them over time.
67%
Identifying Objects, Actions, and Events - Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.
64%
Developing and Building Teams - Encouraging and building mutual trust, respect, and cooperation among team members.
64%
Coordinating the Work and Activities of Others - Getting members of a group to work together to accomplish tasks.
64%
Provide Consultation and Advice to Others - Providing guidance and expert advice to management or other groups on technical, systems-, or process-related topics.
61%
Scheduling Work and Activities - Scheduling events, programs, and activities, as well as the work of others.
59%
Thinking Creatively - Developing, designing, or creating new applications, ideas, relationships, systems, or products, including artistic contributions.
57%
Training and Teaching Others - Identifying the educational needs of others, developing formal educational or training programs or classes, and teaching or instructing others.
57%
Guiding, Directing, and Motivating Subordinates - Providing guidance and direction to subordinates, including setting performance standards and monitoring performance.
57%
Coaching and Developing Others - Identifying the developmental needs of others and coaching, mentoring, or otherwise helping others to improve their knowledge or skills.
56%
Evaluating Information to Determine Compliance with Standards - Using relevant information and individual judgment to determine whether events or processes comply with laws, regulations, or standards.
56%
Performing Administrative Activities - Performing day-to-day administrative tasks such as maintaining information files and processing paperwork.
54%
Judging the Qualities of Things, Services, or People - Assessing the value, importance, or quality of things or people.
Title Job Zone Four: Considerable Preparation Needed
Overall Experience A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
Job Training Employees in these occupations usually need several years of work-related experience, on-the-job training, and/or vocational training.
Job Zone Examples Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
Education Most of these occupations require a four-year bachelor's degree, but some do not.

Interests

Enterprising - Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.
Conventional - Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
Realistic - Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions. They often deal with plants, animals, and real-world materials like wood, tools, and machinery. Many of the occupations require working outsi

Work Styles

Attention to Detail - Job requires being careful about detail and thorough in completing work tasks.
Dependability - Job requires being reliable, responsible, and dependable, and fulfilling obligations.
Analytical Thinking - Job requires analyzing information and using logic to address work-related issues and problems.
Integrity - Job requires being honest and ethical.
Stress Tolerance - Job requires accepting criticism and dealing calmly and effectively with high stress situations.
Persistence - Job requires persistence in the face of obstacles.
Initiative - Job requires a willingness to take on responsibilities and challenges.
Cooperation - Job requires being pleasant with others on the job and displaying a good-natured, cooperative attitude.

Work Values

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