Estimator Job Description [Updated for 2024]
In the rapidly evolving construction and industrial sectors, the role of estimators has never been more crucial.
As projects grow in complexity and scale, the need for precise and detail-oriented individuals who can accurately predict cost and resource requirements escalates.
But let’s delve deeper: What’s really expected from an estimator?
Whether you are:
- A job seeker trying to understand the intricacies of this role,
- A hiring manager outlining the perfect candidate,
- Or simply curious about the nuts and bolts of cost estimating,
You’ve come to the right place.
Today, we present a customizable estimator job description template, designed for effortless posting on job boards or career sites.
Let’s dive right in.
Estimator Duties and Responsibilities
Estimators are crucial in the planning and budgeting stages of projects.
They use their expertise to calculate the cost, time, materials, and labor required for a project.
Their primary duties and responsibilities include:
- Analyze blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates for products, projects, or services
- Conduct research to obtain data on labor costs, materials, production times etc.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work
- Calculate cost factors for expenses like purchases, inventory and labor
- Prepare reports, quotes and bids that detail the cost of a project
- Establish and maintain tendering process, and conduct negotiations
- Consult with clients, vendors, personnel in other departments or construction foremen to discuss cost estimates and resolve cost-related issues
- Review material and labor requirements, to decide whether it is more cost-effective to produce or purchase components
Estimator Job Description Template
Job Brief
We are seeking a meticulous Estimator to calculate possible costs and gains of our business projects and operations.
The Estimator responsibilities include gathering all information necessary to prepare accurate estimates, evaluating the profitability and viability of a product or service, managing bids, and working closely with a team of engineers and managers.
Our ideal candidate has superb analytical skills, a keen eye for detail, and a deep understanding of research methodologies.
The role of the Estimator is to provide the company with data that will assist in making well-informed decisions.
Responsibilities
- Collect different quotes from subcontractors, vendors or suppliers
- Analyze company data, monitor budgets and prices using software packages
- Prepare detailed, well-written proposals for each client, adhering to client guidelines while offering competitive and comprehensive cost estimates
- Negotiate contracts with external vendors to reach profitable agreements
- Obtain and review offers and quotes by subcontractors or vendors
- Perform risk analysis
- Create and present reports to upper management
- Collaborate with engineers, architects etc. to determine the specifications of the project
- Adhere to company standards and guidelines when analyzing and providing estimations; focus on maximizing profitability
Qualifications
- Proven work experience as an Estimator or similar role
- Familiarity with financial and project management principles
- In depth knowledge of research and data analysis methods and estimation formulas
- Exquisite math and IT ability with an analytical mindset
- Proficient in relevant software (Timberline, HCSS, ProEst etc.)
- Outstanding communication and negotiation abilities
- Thoroughness and reliability
- Excellent organizational skills
- BSc/BA in engineering, construction science or relevant discipline
Benefits
- 401(k)
- Health insurance
- Dental insurance
- Retirement plan
- Paid time off
- Professional development opportunities
Additional Information
- Job Title: Estimator
- Work Environment: Office setting with occasional site visits. Some travel may be required for project assessments or client consultations.
- Reporting Structure: Reports to the Lead Estimator or Project Manager.
- Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
- Pay Range: $68,000 minimum to $110,000 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 Estimator Do?
Estimators typically work in the construction, manufacturing, or service industries.
They play a crucial role in the planning stages of projects, helping to calculate the necessary time, money, materials, and labor required to complete a project.
They work closely with project managers, engineers, and contractors to gather detailed information about a project and develop cost estimates based on the specifications of the project.
Their job is to provide accurate estimates that consider factors such as production time, labor costs, equipment costs, raw materials, and other associated expenses.
Estimators also analyze financial data to determine the impact of cost changes on different aspects of the business.
They review bids from suppliers and contractors, negotiate prices, and evaluate the cost-effectiveness of projects and products.
They may also be responsible for preparing reports and presentations to explain their findings to company management or clients, making recommendations for ways to make projects more cost-effective.
Additionally, estimators must keep abreast of industry trends and market fluctuations to ensure their estimates remain accurate and competitive.
Estimator Qualifications and Skills
Estimators are crucial in helping organizations budget their projects and assess the time, labor, and materials needed to complete them.
The skills and qualifications for this role include:
- Strong numeracy and financial management abilities to effectively estimate costs and set budgets.
- Excellent analytical and critical thinking skills to assess technical documents and proposals.
- Proficiency in software related to estimating, such as Excel or industry-specific software.
- Strong communication skills to interact with clients, contractors, and other stakeholders, clearly explaining estimates and addressing any concerns.
- Attention to detail to ensure all factors are considered and potential issues are identified in advance during the estimation process.
- Good organization and time management skills to handle multiple projects and meet deadlines.
- Understanding of the construction or manufacturing processes, materials, and labor requirements.
- Problem-solving skills to resolve discrepancies between estimated and actual costs.
Estimator Experience Requirements
Entry-level estimator candidates typically need a minimum of 1 to 2 years of experience, often obtained through internship or part-time roles in construction, manufacturing, or related fields.
These individuals may also gain experience in roles such as Junior Estimator, Project Coordinator, or Cost Analyst.
Candidates with 3 to 5 years of experience often have honed their skills in analyzing data, preparing cost estimates, and conducting feasibility studies in roles such as Cost Estimator, Project Estimator, or similar roles.
Those with over 5 years of experience are likely to have managerial experience, having overseen the cost estimation process for large scale projects.
They may be ready for more senior roles such as Senior Estimator, Estimating Manager, or even Director of Estimating.
In addition to on-the-job experience, professional certification such as the Certified Professional Estimator (CPE) may be required for higher level positions.
This demonstrates a strong understanding of estimation principles and practices, and can significantly enhance career prospects.
Estimator Education and Training Requirements
Estimators typically have a bachelor’s degree in engineering, construction science, construction management or another related field.
They require a strong background in mathematics and understanding of the principles of construction and manufacturing.
For highly specialized roles or in certain industries, such as construction or manufacturing, employers may require estimators to have a master’s degree in a specific discipline, like structural engineering or operations research.
In addition to formal education, many estimators gain field experience through internships or work in related roles, such as construction management or cost analysis.
Certifications, such as those offered by the Association for the Advancement of Cost Engineering or the American Society of Professional Estimators, can also be beneficial, although not always necessary.
These certifications may demonstrate a candidate’s advanced knowledge and skills, and commitment to the profession.
Many employers also require proficiency in specialized software used for estimating costs.
Continuing education and training are important as technologies and methodologies used in cost estimation evolve.
Estimator Salary Expectations
An Estimator can expect to make an average of $66,235 (USD) per year.
This salary can fluctuate based on factors such as experience, specific industry, and geographical location.
Estimator Job Description FAQs
What skills does an estimator need?
Estimators should have strong analytical skills, as they need to thoroughly assess data and make accurate projections.
Detail orientation is also vital as they need to ensure all factors are considered when making an estimate.
Good communication skills are necessary for presenting estimates to clients and explaining the rationale behind the figures.
Estimators also require strong numeracy skills and a good understanding of financial matters.
Do estimators need a degree?
While some estimators start their careers with a high school diploma and on-the-job training, many employers prefer candidates with a bachelor’s degree.
The degree can be in a relevant field such as construction management, engineering, or finance.
Some positions may require certification, such as a Certified Professional Estimator (CPE) credential.
What should you look for in an estimator resume?
An estimator’s resume should highlight their analytical skills, detail orientation, and ability to work with numbers.
Look for experience in the industry relevant to your business, as this will provide a deeper understanding of the costs involved.
Any certifications such as a CPE should be clearly listed.
What qualities make a good estimator?
A good estimator is one who has a sharp eye for detail, is able to quickly analyze data and make accurate projections, and who has excellent communication skills to present and explain their estimates.
They should have the ability to consider all factors when making an estimate, and be comfortable working with numbers and financial data.
Is it difficult to hire estimators?
Hiring estimators can be challenging due to the specific set of skills needed for the role.
It requires a combination of industry knowledge, strong analytical skills, and excellent communication abilities.
It can also be difficult to find candidates who have the necessary certifications and experience.
However, offering competitive salaries and opportunities for advancement can attract qualified applicants.
Conclusion
And there you have it.
Today, we’ve unveiled the intricate details of being an estimator.
And guess what?
It’s not just about calculating costs.
It’s about strategizing effective cost measures, one estimate at a time.
With our reliable estimator job description template and real-life examples, you’re fully equipped to take the next step.
But why stop there?
Dive deeper with our job description generator. It’s your next step to creating razor-sharp job listings or polishing your resume to perfection.
Remember:
Every estimate is a part of the grand project.
Let’s build a cost-effective future. Together.
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