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Become A Chief Estimator

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Working As A Chief Estimator

  • Getting Information
  • Interacting With Computers
  • Estimating the Quantifiable Characteristics of Products, Events, or Information
  • Analyzing Data or Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Mostly Sitting

  • $69,950

    Average Salary

What Does A Chief Estimator Do

Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. They generally specialize in a particular product or industry.

Duties

Cost estimators typically do the following:

  • Identify factors affecting costs, such as production time, materials, and labor
  • Read blueprints and technical documents in order to prepare estimates
  • Collaborate with engineers, architects, clients, and contractors
  • Calculate, analyze, and adjust estimates 
  • Recommend ways to reduce costs
  • Work with sales teams to prepare estimates and bids for clients
  • Maintain records of estimated and actual costs

Accurately estimating the costs of construction and manufacturing projects is vital to the survival of businesses. Cost estimators provide managers with the information they need in order to submit competitive contract bids or price products appropriately.

Estimators analyze production processes to determine how much time, money, and labor a project needs. Their estimates account for many factors, including allowances for wasted material, bad weather, shipping delays, and other variables that can increase costs and lower profitability.

In building construction, cost estimators use software to simulate the construction process and evaluate the effects of design choices. They often consult databases to compare the costs of similar projects.

The following are examples of types of cost estimators:

Construction cost estimators prepare estimates for a building project. They may calculate the total cost of building a bridge or commercial shopping center, or they may calculate the cost of just one component, such as the foundation. They identify costs of elements such as raw materials and labor, and they may set a timeline for how long they expect the project to take. Although many work directly for construction firms, some work for contractors and engineering firms.

Manufacturing cost estimators calculate the costs of developing, producing, or redesigning a company’s goods or services. For example, a cost estimator working for a home appliance manufacturer may determine a new dishwasher’s production costs, allowing managers to make production decisions.

Some manufacturing cost estimators work in software development. Many high-technology products require a considerable amount of computer programming, and calculating the costs of software development requires great expertise.

Other workers, such as operations research analysts and construction managers, may also estimate costs in the course of their usual duties.

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How To Become A Chief Estimator

A bachelor’s degree is generally required to become a cost estimator, although some highly experienced construction workers may qualify without a bachelor’s degree.

Education

Employers generally prefer candidates who have a bachelor’s degree. A strong background in mathematics is essential.

Construction cost estimators typically need a bachelor’s degree in an industry-related field, such as construction management, building science, or engineering.

Those interested in estimating manufacturing costs typically need a bachelor’s degree in engineering, business, or finance.

Training

Some newly hired cost estimators may receive on-the-job training, depending on their experience. Training may include learning a company’s cost-estimating software and techniques.

Work Experience in a Related Occupation

Some employers prefer that construction cost estimators, particularly those without a bachelor’s degree, have previous work experience in the construction industry. For example, experienced electricians and plumbers can become construction cost estimators if they have the necessary construction knowledge and math skills.

Candidates interested in becoming cost estimators can also gain experience through internships and cooperative education programs.

Licenses, Certifications, and Registrations

Voluntary certification can show competence and experience in the field. In some instances, employers may require professional certification before hiring.

The following organizations offer a variety of certifications:

  • American Society of Professional Estimators
  • Association for the Advancement of Cost Estimating International
  • International Cost Estimating and Analysis Association

Estimators must generally have at least 2 years of estimating experience and must pass a written exam to become certified.

Important Qualities

Analytical skills. Cost estimators consider and evaluate different construction and manufacturing methods and options to determine the most cost-effective solution that meets the required specifications.

Detail oriented. Cost estimators must pay attention to details, as minor changes can significantly affect the overall cost of a project or product.

Math skills. Cost estimators calculate labor, material, and equipment cost estimates for construction projects. They use software, such as spreadsheets and databases, and they need excellent math skills to accurately calculate these estimates.

Time-management skills. Cost estimators often work on fixed deadlines, so they must plan their work in advance and work efficiently and accurately.

Writing skills. Cost estimators write comprehensive reports, which often help managers make production decisions.

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Chief Estimator jobs

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Chief Estimator Demographics

Gender

Male

90.1%

Female

6.8%

Unknown

3.1%
Ethnicity

White

81.3%

Hispanic or Latino

9.7%

Asian

6.8%

Unknown

1.5%

Black or African American

0.8%
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Languages Spoken

Spanish

63.6%

Russian

18.2%

Portuguese

9.1%

French

9.1%
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Chief Estimator Education

Schools

Lawrence Technological University

9.1%

University of Florida

8.0%

Pennsylvania State University

8.0%

Auburn University

8.0%

Villanova University

5.7%

Texas A&M University

4.5%

College of DuPage

4.5%

Glendale Community College

4.5%

University of Phoenix

4.5%

University of Southern Mississippi

4.5%

Clemson University

4.5%

Purdue University

4.5%

Kansas State University

4.5%

Colorado State University

4.5%

Eastern Michigan University

3.4%

Delaware Technical and Community College

3.4%

University of Connecticut

3.4%

Southern Illinois University Carbondale

3.4%

Oregon State University

3.4%

Hudson Valley Community College

3.4%
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Majors

Business

18.7%

Construction Management

17.1%

Civil Engineering

12.6%

Engineering

6.4%

Project Management

5.1%

Architecture

4.3%

Mechanical Engineering

4.3%

Electrical Engineering

4.0%

Management

3.7%

Property Management

3.7%

Drafting And Design

2.7%

Education

2.7%

Accounting

2.4%

Computer Science

2.1%

Engineering And Industrial Management

1.9%

Construction Engineering Technologies

1.9%

Architectural Engineering

1.9%

Electrical Engineering Technology

1.6%

Industrial Technology

1.6%

Engineering Technology

1.3%
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Degrees

Bachelors

39.2%

Other

34.8%

Masters

10.5%

Associate

9.6%

Certificate

4.7%

Diploma

0.9%

Doctorate

0.2%
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Real Chief Estimator Salaries

Job Title Company Location Start Date Salary
Chief Estimator Balfour Beatty Infrastructure, Inc. Woodbridge, VA Nov 14, 2014 $166,254
Chief Estimator Balfour Beatty Infrastructure Inc. Woodbridge, VA Apr 14, 2016 $166,254
Chief Estimator Eastern Millwork, Inc. Jersey City, NJ Dec 10, 2014 $125,000
Chief Estimator Duce Construction Corporation New York, NY Mar 31, 2011 $99,840
Chief Estimator FRU-Con Construction, LLC Woodbridge, VA Nov 14, 2011 $95,000 -
$180,000
Chief Estimator Valleycrest Companies Orlando, FL Jul 06, 2010 $94,605
Chief Estimator Valleycrest Companies Orlando, FL Jul 06, 2009 $90,000
Chief Estimator & Pre-Construction MGR Valleycrest Companies Orlando, FL Jul 06, 2011 $89,708 -
$137,800
Chief Estimator Eastern Millwork, Inc. Jersey City, NJ Nov 07, 2011 $85,000
Chief Estimator JJO Construction, Inc. Mentor, OH Apr 03, 2009 $74,000
Chief Estimator Express Stucco/Wall Services, Inc. Kissimmee, FL Sep 28, 2016 $61,000
Chief Estimator Duce Construction Corporation New York, NY Mar 31, 2011 $60,000
Chief Estimator Duce Construction Corporation New York, NY Apr 01, 2010 $60,000

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Top Skills for A Chief Estimator

GeneralContractorsProjectManagementDesign/BuildArchitectsBidProposalsOwnersQuantitySurveysValueEngineeringFacilityConstructionProjectsConstructionManagementHardBidSafetyTimberlineStructuralSteelNewConstructionContractNegotiationsBusinessDevelopmentSuperviseRFP

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Top Chief Estimator Skills

  1. General Contractors
  2. Project Management
  3. Design/Build
You can check out examples of real life uses of top skills on resumes here:
  • Liaised between general contractors, customers, and clients relative to project pricing.
  • Catalyzed project management improvements through examining completed projects and delivering Lessons Learned conclusions.
  • Perform estimates on engineering designs for fixed price and negotiated design/build, or bid/build projects.
  • Conferred with architects and engineers for clarifications and requests for information.
  • Review and evaluate competitive bid proposals.

Top Chief Estimator Employers