Manufacturing or Construction Cost Estimator
Cost estimators collect and analyze data to estimate the time, money, resources and labor required for product manufacturing, construction projects or services. Some specialize in a particular industry or product type. Accurately predicting the cost, size, and duration of future construction and manufacturing projects is vital to the survival of any business. Cost estimators' calculations give managers or investors this information. When making calculations, estimators analyze many inputs to determine how much time, money and labor a project needs, or how profitable it will be. These estimates have to take many factors into account, including allowances for wasted material, bad weather, shipping delays, and other factors that can increase costs and lower profitability.TCC programs that are right for you:Building Construction Technology Programs
While cost estimators generally work in offices, they often visit factory floors or construction sites. Depending on the industry, this may involve frequent travel. Cost estimators often work under pressure and experience stress because of the need to meet deadlines. Inaccurate estimates can cause a firm to lose a bid or to lose money on a job that otherwise could have been profitable. Cost estimators usually work full time, but overtime is common, especially when deadlines need to be met.
Employment of cost estimators is expected to grow 36 percent between 2010 and 2020, much faster than the average for all occupations. Demand for cost estimators is expected to remain strong as companies look for more accurate cost projections and products and services that are more cost-effective. Growth of the construction industry will create the majority of new jobs. In particular, construction and repair of the national infrastructure, including roads, bridges, airports and subway systems will drive demand for qualified estimators.
Career information courtesy of the Bureau of Labor Statistics' Occupational Outlook Handbook.