Cost Estimators
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.
What is this job like?
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.
- Collect historical cost data to estimate costs for current or future products.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Establish and maintain tendering process, and conduct negotiations.
- Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
- Set up cost monitoring and reporting systems and procedures.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- 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 for use in selecting vendors or subcontractors.
- Establish and maintain tendering process, and conduct negotiations.
Local Wage Data
Showing wage data for: New Orleans
Entry
Median
High
Salary
Hourly Wage
$38,950
$63,620
$102,660
$18.72
$30.59
$49.36