Cost Estimators
Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
- Median annual earnings
- $78,649
- Projected change
- +0.6%
- Typical education
- Bachelor's degree
- Employment
- 230.62K jobs
50th percentile, United States
2025 to 2035
81.8% of the workforce
Growing to 231.93K by 2035
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Build the skills
ASU learning related to this career
These courses and certificates are connected through catalog career relationships and Lightcast skill tags.
The work
What cost estimators do
Tasks reported for this occupation, ordered by how often they come up in the role.
- Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
- Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
- Collect historical cost data to estimate costs for current or future products.
- Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
- Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
- Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
- Prepare estimates for use in selecting vendors or subcontractors.
- Establish and maintain tendering process, and conduct negotiations.
- Set up cost monitoring and reporting systems and procedures.
- Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
- Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
- Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.
- Visit site and record information about access, drainage and topography, and availability of utility services.
- Prepare and maintain a directory of suppliers, contractors and subcontractors.
Pay and outlook
What the job pays and where it is heading
Annual earnings range
Reported earnings by percentile, United States
- 10th percentile
- $47,992
- 25th percentile
- $60,573
- 50th percentile
- $78,649
- 75th percentile
- $102,450
- 90th percentile
- $133,474
The gold marker shows the median. Half earn more than $78,649 and half earn less.
Employment outlook
2025 to 2035 projection
1,314 more positions over the decade, before replacement hiring.
Preparation
Education levels
What people currently working in the career hold. These are not entry requirements.
- Bachelor's degree
- 81.8%
- Associate degree
- 9.1%
- High school diploma or less
- 4.6%
- Master's or Professional degree
- 4.6%
Skills
Skills employers ask for
Technical skills appearing most often in job postings for this occupation.
How the work gets done
Core competencies
Broad capabilities associated with strong performance in this occupation.
- Reading Comprehension
- Understanding written sentences and paragraphs in work-related documents.
- Mathematics
- Using mathematics to solve problems.
- Speaking
- Talking to others to convey information effectively.
- Critical Thinking
- Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
- Active Listening
- Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Judgment and Decision Making
- Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Writing
- Communicating effectively in writing as appropriate for the needs of the audience.
- Complex Problem Solving
- Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Active Learning
- Understanding the implications of new information for both current and future problem-solving and decision-making.
- Management of Financial Resources
- Determining how money will be spent to get the work done, and accounting for these expenditures.
- Coordination
- Adjusting actions in relation to others' actions.
- Social Perceptiveness
- Being aware of others' reactions and understanding why they react as they do.
- Systems Analysis
- Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
- Persuasion
- Persuading others to change their minds or behavior.
- Negotiation
- Bringing others together and trying to reconcile differences.
- Monitoring
- Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- Systems Evaluation
- Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
- Time Management
- Managing one's own time and the time of others.
- Learning Strategies
- Selecting and using training/instructional methods and procedures appropriate for the situation when learning or teaching new things.
- Management of Material Resources
- Obtaining and seeing to the appropriate use of equipment, facilities, and materials needed to do certain work.
In the market
Job titles and employers
Recent job postings in United StatesCommon job titles
- 01Estimators15,256 postings
- 02Construction Estimators4,657 postings
- 03Electrical Estimators4,104 postings
- 04Project Estimators1,870 postings
- 05Heavy Civil Estimators1,578 postings
- 06Commercial Construction Estimators1,542 postings
- 07Cost Estimators1,421 postings
- 08Project Managers/Estimators1,246 postings
- 09Estimators/Project Managers1,158 postings
- 10Commercial Estimators1,127 postings
- 11Drywall Estimators988 postings
- 12Mechanical Estimators968 postings
- 13Civil Estimators887 postings
- 14HVAC Estimators877 postings
- 15Sales Estimators850 postings
- 16Commercial Roofing Estimators804 postings
- 17Electrical Estimators/Project Managers756 postings
- 18Cost Engineers698 postings
- 19Plumbing Estimators638 postings
- 20Commercial Drywall Estimators572 postings
Top employers
- 01GPAC10,843 postings
- 02Actalent784 postings
- 03Jobot659 postings
- 04PageGroup600 postings
- 05CyberCoders514 postings
- 06Turner Construction Company385 postings
- 07Core & Main347 postings
- 08CDM Smith262 postings
- 09W3Global257 postings
- 10Turner & Townsend252 postings
- 11GE Aerospace249 postings
- 12MasTec236 postings
- 13Hays229 postings
- 14Jacobs Solutions224 postings
- 15Allegiance Group222 postings
- 16Kiewit Corporation222 postings
- 17AppleOne215 postings
- 18Insight Global212 postings
- 19Leoforce191 postings
- 20Iea Management Services183 postings
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