Cost Estimator Job Description
Cost estimator
provides ongoing review of standard costs, manufacturing, and distribution transactions for accuracy and impact to product costs.
Cost Estimator Duties & Responsibilities
To write an effective cost estimator job description, begin by listing detailed duties, responsibilities and expectations. We have included cost estimator job description templates that you can modify and use.
Sample responsibilities for this position include:
Support the Total Value Management and Commodity Business Plan processes
Analyzes all quote packages and develops costing on all components contained within the package
Verifies accuracy and finalizes quote packages
Develops and maintains cost reduction programs and establishes reporting formats based on customer requirements
Develop variable (piece) cost and investment (tooling) estimates for assigned commodities which requires an extensive understanding of manufacturing cost structure and supply base capability
Lead global benchmarking team for "Best in Class" cost structure
Support competitive teardowns, future vehicle line target setting/development, and change control
Support continuous improvement and identification of material cost reduction opportunities
Support the team of four (Purchasing, Cost Estimating, Finance and Engineering) for assigned commodities
Ensure deals deliver shareholder value
Cost Estimator Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Cost Estimator
List any licenses or certifications required by the position: AACE, PMP, PMI, CCC, SP, PSP, CCM, CEP, CCP, ICF
Education for Cost Estimator
Typically a job would require a certain level of education.
Employers hiring for the cost estimator job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Engineering, Finance, Construction Management, Technical, Construction, Education, Business, Accounting, Architecture, Business/Administration
Skills for Cost Estimator
Desired skills for cost estimator include:
Processes
Systems
DOD procedures
DON
Organizations
Tasks for SPAWAR
Computer applications relevant to the position
Is desired
Microsoft Excel
Current local construction labor and material costs
Desired experience for cost estimator includes:
Well-developed organization and planning skills
Finely developed people skills
Ability to supervise UAW hourly skilled-trades employees (procurement coordinators)
Background in TWOS payroll system, CPARS, OHSIM, MS Office and MS Project
Broad knowledge of engineering, maintenance, construction, facility operations and project scheduling
Six to eight years of related experience in estimating/construction management or related degree
Cost Estimator Examples
1
Cost Estimator Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of cost estimator. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for cost estimator
- Utilizes knowledge of Federal Acquisition Regulations (FAR) and the Truth in Negotiation Act (TINA)
- Utilizes MS Office Suite, SAP, Windchill and other applications
- Interface between Purchasing, Engineering, Finance and Sales to collect and/or provide quote information
- Responsible for the scope, schedule and budget and overall success of multiple new and modernization school projects
- Develops, assigns and monitors performance of Assistant Facility Development Managers (AFDM), Design Managers (DM) and Design professionals relative to assigned projects
- Reports on project budget, schedule and issues
- Reviews status and overall planning, design and construction project progress relative to submittal schedules
- Reviews and verifies Design Professional contract scope, fees and applications for payment and performs overall fiscal management of multiple projects
- Coordinates project activities, requirements and schedules with other District organizational branches and departments such as the Office of Environmental Health and Safety, Design and A/E Technical Support, Project Execution, Facilities Contract Administration, Inspection Unit, Maintenance and Operations, local Educational Service Centers and site personnel
- Build proposals in the company pricing tool (ACES)
Qualifications for cost estimator
- Bachelor of Science in Construction Management, Architecture, or Engineering degree or similar
- 8+ years of related experience with a background in cost/estimating
- Proficient with Microsoft Office (Word, Excel, Access, PowerPoint and Outlook)
- Ability to communicate well and work with project managers and designers to define scope and constructability issues and track costs from concept through final design and support with field changes
- Must be very familiar with MS Excel, and know or be able to learn commercial off the shelf cost estimating and scheduling software
- Must be able to develop quantity take-offs, cost estimates, and construction schedules based on provided plans
2
Cost Estimator Job Description
Job Description Example
Our innovative and growing company is hiring for a cost estimator. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost estimator
- Develop detailed Request for Estimates (document used to kick off proposals)
- Prepare limited complexity Gate 4 charts
- Perform basic analysis of inputs to ensure soundness in our estimates
- Ensure proposals comply with basic FAR and internal requirements
- Prepare non complex Gate 4 charts
- Price Bills of Material (BOMS) in the company material estimating tool (TIES Material), and Louisville Pricing Model (LPM)
- Support management in proposal negotiations
- Submit RFQ’s to distributors and manufacturers
- Incorporate efficiencies, automation and templates that will add value to the current materials estimating process
- Uphold internal and external policies, regulations and laws (Federal Acquisition Regulations, Sarbanes/Oxley compliance)
Qualifications for cost estimator
- Utilizes knowledge of pricing and estimating tools
- Must have a general knowledge and competence in the concepts, principles, and standard practices in costing and pricing
- Typically requires a bachelor's degree and three or more years experience in finance, accounting, or business administration in a manufacturing environment
- Space System Cost Estimating
- Ground System Cost Estimating
- GC license, P.E
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Cost Estimator Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of cost estimator. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for cost estimator
- Routine Departmental administrative support duties
- Interfaces with several internal functional groups outside vendors to gather data
- Analyzes blueprints, specifications, proposals, and other documentation to prepare time, cost, and labor estimates for products, projects, or services
- Performs or assists with pre-award, post-award and fact finding audits
- Interprets FAR and CAS regulations relating to pricing
- Develops and maintains pricing spreadsheet
- Lead significant (in value and complexity) proposals
- Lead the development of Basis of Estimates (tracking progress, pulling and validating actuals, ensures consistency with in the task description, validates calculations, confirms complexity factors are well supported)
- Prepare and presents Gate 4 charts at program reviews
- Perform detailed and complex analysis of inputs to ensure soundness in our estimates
Qualifications for cost estimator
- Bachelor’s degree in Engineering or other technical discipline, mathematics
- Typically requires a bachelor's degree and ten or more years experience in finance, accounting, or business administration in a manufacturing environment
- Minimum 2 years experience in Purchasing/Estimating discipline, preferably in electronics
- Bachelor's Degree in Math, Engineering, Finance , Business Administration or accounting or related field
- Typically requires a bachelor's degree with years of experience in finance, accounting, or business administration in a manufacturing environment
- 2+ years of experience with cost estimating, focused in facilities-related cost estimating
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Cost Estimator Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of cost estimator. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost estimator
- Interface/Coordinate with all levels of management within the program supported
- Performs pricing of proposals and directs support of pre-award, post-award and fact finding audits
- Computes cost factors and prepares estimates used for management purposes such as
- Product tear-down evaluations and reports to estimate cost and compare product design implementations
- Consulting with cost managers, development engineers, procurement professionals and product marketing on product design and cost optimization
- Maintaining accurate and up-to-date cost estimation source information
- Communicating evaluation results to a broad audience internal colleagues
- Under limited supervision, prepare complex cost estimates, develop and apply unit rates (labor and material) to quantities and perform extensions for total cost estimates
- Work with complex estimating models including stochastic/parametric to deterministic/definitive estimates
- Provide more detailed information as required, on definitive cost estimates, to the Project Managers when estimating Project Costs
Qualifications for cost estimator
- Extensive experience with plant/site facility maintenance and/or construction
- Supervisory experience with TC&M
- Experience with Ford’s Rouge site
- Candidate must exemplify a dedication to achieving the mission of the customer high standards of quality and excellence in performance
- Possess advanced computer skills including, but not limited to, Internet Explorer, Microsoft Word, Excel, Outlook and PowerPoint, Adobe, Timberline, HCSS, and/or other similar software applications
- Ability to provide detailed conceptual estimates from pre-construction, concept design, schematic design and design development documents
5
Cost Estimator Job Description
Job Description Example
Our company is searching for experienced candidates for the position of cost estimator. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for cost estimator
- Review cost estimates and contractor change orders prepared by sub contracted Architect/Engineer firms to ensure accountability and reconciliation
- Review construction contractor change orders and estimates
- Compare estimated costs versus actual costs, providing data used for benchmarking and Historical databases, at the close of projects
- Perform job site visits during construction to assure the job is being executed as estimated, discuss problem areas as they develop and offer solutions
- Apply cost estimating principles, theories, concepts and data analysis, along with a working knowledge, to provide resolution to solve a wide range of scope issues
- Independently perform cost estimates for Project Managers and customer requests for Rough Order of Magnitude estimates using historical cost data for similar projects and project components
- Working under limited direction, prepare, assemble and execute fair and reasonable multi-discipline construction cost estimates for new and remodel facilities at the Laboratory, provide change order support to project managers and provide value engineering services, as needed
- Interacts well with senior management personnel, internal and external
- Ability to perform day to day assignments with minimal instruction
- Understand finance principles and practices for LBNL burden applications
Qualifications for cost estimator
- Bachelor's degree in Civil, Mechanical, Electrical, or Industrial Engineering, Construction Science, Construction Management, or related discipline
- Proficiency in Adobe Acrobat along with document scanning and imaging applications
- Ability to interpret a variety of instructions provided in written, oral, diagrammatic, or schedule form
- Ability to effectively relate and present complex concepts or information and respond to questions from groups of managers, clients, customers, and the general public
- 2+ years of experience with cost estimating, focused in facilities
- Related cost estimating