Estimating Manager Job Description [Updated for 2025]

In today’s competitive business landscape, the role of an Estimating Manager has never been more crucial.

As businesses strive for financial efficiency and strategic project planning, the demand for proficient individuals who can accurately predict project costs escalates.

But what does it truly entail to be an Estimating Manager?

Whether you are:

• A job seeker wanting to understand the core responsibilities of this role,
• A hiring manager outlining the perfect candidate,
• Or simply curious about the intricacies of cost estimation,

You’ve come to the right place.

Today, we present a tailor-made Estimating Manager job description template, designed for effortless posting on job boards or career sites.

Let’s delve into it.

Estimating Manager Duties and Responsibilities

Estimating Managers are responsible for developing cost estimates in construction or manufacturing projects.

They analyze the expenses related to labor, materials, and time to assist in making decisions about project feasibility and profitability.

Their key duties and responsibilities include:

• Oversee and coordinate the estimating department activities and staff
• Analyze blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates for projects or services
• Prepare detailed cost estimates by breaking down the items of work necessary to implement the project
• Research and evaluate subcontractors based on price, quality, selection, service, support, etc.
• Conduct risk management analysis to minimize potential project risks
• Communicate with clients, engineers, contractors, subcontractors and other stakeholders on changes and adjustments to cost estimates
• Present and defend estimates and cost plans to clients and stakeholders
• Participate in project tender and negotiation processes
• Maintain records of estimated and actual costs for future reference
• Stay updated with latest estimating technology, techniques and industry best practices

 

Estimating Manager Job Description Template

Job Brief

We are seeking an experienced and detail-oriented Estimating Manager to join our team.

In this role, you will be responsible for managing and coordinating all estimation activities.

This includes preparing and presenting cost estimates, managing a team of estimators, and collaborating with other departments to ensure the successful execution of projects.

The ideal candidate has a solid understanding of cost forecasting, budgeting, and financial analysis, combined with a strong ability to manage and lead a team.

 

Responsibilities

• Manage and oversee all estimation and bidding activities
• Prepare and present cost estimates for projects
• Coordinate with project managers and other team members to develop comprehensive project plans
• Analyze and evaluate subcontractor proposals
• Monitor and review actual project costs against estimates
• Train and supervise a team of estimators
• Manage and maintain estimating software and tools
• Stay updated on industry trends and advancements in estimating techniques
• Collaborate with sales and client services teams to understand client requirements
• Ensure compliance with company and industry standards and best practices

 

Qualifications

• Proven work experience as an Estimating Manager or similar role
• Strong understanding of financial analysis and cost forecasting
• Excellent leadership and team management skills
• Proficiency in estimating software and tools
• Strong attention to detail and ability to manage multiple projects
• Excellent communication and negotiation skills
• BSc degree in Construction Management, Engineering, or relevant field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Estimating Manager
• Work Environment: Office setting. Some travel may be required for site visits and client meetings.
• Reporting Structure: Reports to the Director of Operations or Project Director.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $75,000 minimum to $120,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Estimating Manager Do?

Estimating Managers typically work for construction companies, engineering firms, or any business that requires project cost estimations.

Their main role is to lead the estimating team in developing, analyzing, and adjusting cost estimates to ensure they are accurate and competitive.

They are involved in every stage of a project, from the initial concept to the final bid.

This includes understanding the project scope, assessing material, labor and time requirements, and predicting any potential risks.

Estimating Managers also review and evaluate tender documents, contracts, and technical drawings to understand the project requirements and decide on the most cost-effective methods to complete the project.

They work closely with project managers, engineers, and clients to discuss cost estimates, adjustments, and any potential financial or scheduling impacts.

Estimating Managers also play a crucial role in business planning and strategy, as they help the management make informed decisions about project feasibility and profitability based on their cost estimates.

Furthermore, they are responsible for developing and implementing processes and systems to enhance the efficiency and accuracy of the estimation process.

 

Estimating Manager Qualifications and Skills

The role of an Estimating Manager requires a combination of industry knowledge, technical skills, and interpersonal abilities, including:

• Detailed knowledge of construction processes and materials to make accurate cost predictions.
• Strong mathematical skills to accurately calculate costs and budgets.
• Leadership abilities to effectively manage and guide an estimating team.
• Understanding of construction blueprints and architectural drawings for accurate cost estimation.
• Ability to negotiate with suppliers and contractors to achieve the best possible prices.
• Excellent communication skills to clearly explain estimations to clients, contractors, and team members.
• Organizational skills to manage multiple estimates simultaneously and ensure all deadlines are met.
• Proficiency in estimating software and other relevant technology.
• Problem-solving abilities to resolve any discrepancies or complications that arise during the estimating process.
• Attention to detail to ensure all aspects of a project are considered in the estimate.

 

Estimating Manager Experience Requirements

Estimating Managers typically have at least 5 to 7 years of experience in the construction industry, often starting out in roles such as Estimator, Junior Estimator, or Project Coordinator.

This hands-on work equips them with the knowledge and experience needed to understand the intricacies of estimating costs and resources for construction projects.

Candidates are often required to have a bachelor’s degree in Construction Management, Engineering, or a related field.

However, some employers may prioritize experience over formal education.

Entry-level Estimating Managers may have 3 to 5 years of experience in construction estimating, ideally in a leadership role such as Lead Estimator.

They are also expected to have experience using estimating software, and a strong understanding of construction processes and materials.

Those with more than 7 years of experience often have a solid foundation in project management, cost analysis, and risk assessment.

They may also have experience managing a team of estimators, which can prepare them for higher-level roles in estimating management.

In addition to these practical requirements, successful Estimating Managers often have excellent interpersonal and communication skills, as they must coordinate with various teams and stakeholders, and present their estimates to clients and upper management.

 

Estimating Manager Education and Training Requirements

Estimating Managers typically have a bachelor’s degree in construction management, engineering, or a related field.

They should have a firm grasp of mathematics, statistics, and financial principles.

Additionally, they often need extensive experience in the construction or manufacturing industry, depending on the sector they are in.

This experience allows them to gain the necessary knowledge of the materials, processes, and labor costs associated with different projects.

Some positions may require Estimating Managers to have a master’s degree in business or construction management, particularly for large scale projects.

Professional certifications such as Certified Professional Estimator (CPE) or Certified Cost Professional (CCP) are not required but can enhance job prospects and indicate a commitment to the profession.

Furthermore, Estimating Managers should have excellent analytical skills, attention to detail, and proficiency in estimating software.

Some companies may provide additional on-the-job training for their specific industry and project needs.

Ongoing education to stay updated with the latest industry standards and estimating tools is often encouraged.

 

Estimating Manager Salary Expectations

The average salary for an Estimating Manager is $87,873 (USD) per year.

However, the actual earnings can vary depending on the industry, experience level, educational qualifications, and geographical location.

 

Estimating Manager Job Description FAQs

What skills does an Estimating Manager need?

Estimating Managers require strong analytical skills to evaluate projects and calculate cost estimates accurately.

They should have excellent knowledge of construction materials, processes, and software used for estimating costs.

Additionally, they should have good communication and negotiation skills to liaise with vendors and contractors, and strong leadership skills to manage a team of estimators.

 

Do Estimating Managers need a degree?

Yes, Estimating Managers usually need a bachelor’s degree in Construction Science, Civil Engineering or a related field.

Some employers may also require a master’s degree or additional certifications.

Prior experience in estimation or construction management is often required.

 

What should you look for in an Estimating Manager resume?

Look for relevant educational background and certification, as well as a history of successful cost estimation in related projects.

Experience in using estimating software is a plus.

Also, consider their managerial experience as they will be overseeing a team of estimators.

 

What qualities make a good Estimating Manager?

Good Estimating Managers possess strong attention to detail and the ability to analyze complex data to provide accurate estimates.

They are skilled at negotiating and can ensure the best prices for materials and labor.

As leaders, they should have the ability to inspire and manage a team effectively.

They should also be proficient in using software tools used in cost estimation.

 

Is it difficult to hire Estimating Managers?

Hiring an Estimating Manager can be challenging due to the specific combination of skills needed, including both technical knowledge and managerial abilities.

It’s important to offer competitive compensation and benefits to attract skilled candidates in this highly specialized field.

 

Conclusion

And there you have it.

Today, we’ve unraveled the intricacies of the role of an estimating manager.

Surprised?

It’s not just about crunching numbers.

It’s about shaping financial strategies and influencing company decisions, one estimate at a time.

Armed with our comprehensive estimating manager job description template and real-world examples, you’re ready to make your move.

But why stop at readiness?

Delve further with our job description generator. It’s your secret weapon for creating precise job listings or honing your resume to perfection.

Remember:

Every estimate contributes to the broader financial outlook.

Let’s shape that future. Together.

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