Cost Estimator Job Description Template

The best way to start looking for a new team member is to create a comprehensive job description for a particular position. In this article, we present to you this FREE Cost Estimator Job Description Template that contains everything you need for an easy hiring process.

Learn about the essential skills, responsibilities, and requirements of a Cost Estimator to distinguish ideal candidates for your business.

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What is a Cost Estimator?

Cost Estimators are responsible for determining the costs of labor, material, equipment, and other factors for a project, product, or service in various industries.

They closely collaborate with engineers, designers, and contractors to understand project specifications and requirements.

They evaluate financial, technical, and operational risks, create and present cost reports, and visit project sites to collect the necessary information for further analysis.

Related Job Titles for Cost Estimator

• Estimator
• Cost Analyst
• Cost Accountant

The Top Cost Estimator Skills

Sample Interview Questions for a Cost Estimator

Once you gather up all the received applications, you can use these sample interview questions for Cost Estimator.

Personal

1. How do you think your friends would describe your personality in a few words?
2. Is there any trait or habit that you would like to change about yourself?
3. What do you enjoy doing outside of work?

Human Resources

1. Why did you choose to become a Cost Estimator?
2. How did you hear that we’re looking for a Cost Estimator?
3. What would be your ideal salary range based on your qualifications and experience?

Management

1. Can you provide us with a brief overview of the projects you worked on so far?
2. What methodologies and practices do you use to ensure the accuracy of your cost estimates?
3. Could you describe a situation when you had to adjust your cost estimates due to the changes in the project?

Technical Skills and Knowledge

1. What are the main components of cost estimation and how do they each contribute to the overall estimation process?
2. What techniques and methods do you typically use to gather and analyze project data?
3. How do you ensure your cost estimates are compliant with relevant regulations and industry practices?

What are the Educational Requirements for a Cost Estimator?

Cost Estimators typically need a higher level of education to pursue this career path and demonstrate their knowledge and qualifications.

They usually obtain a Bachelor’s degree in construction management, engineering, mathematics, statistics, economics, or a related field.

Even though certifications are not mandatory for this position, many employers value continuous education and a strong knowledge base.

Certified Cost Professional (CCP) is a credential offered by the Association for Advancement of Cost Engineering International (AACE International), combining education, professional experience, and passing an examination.

Another valuable certification for Cost Estimators is a Certified Professional Estimator (CPE) offered by the American Society of Professional Estimators (ASPE).

How Much to Pay a Cost Estimator when Hiring

Cost Estimators earn between $34,500 and $120,000 per year.

Their median annual salary is $80,654.

Hourly rates range from $17 to $58.

The median hourly rate is $39.

Frequently Asked Questions about Cost Estimator

What do Cost Estimators do?

Cost Estimators are professionals who collect, analyze, and determine the costs of labor, materials, equipment, and other factors for various projects, services, and products.

They review documents and project plans to understand the project requirements and specifications and use mathematic and statistical formulas and processes to accurately calculate project costs.

In what industries can Cost Estimators work?

Cost Estimators can work in various settings and industries, such as manufacturing, construction, heavy and civil engineering, automotive repair and maintenance, energy and utilities, real estate, etc.

Who do Cost Estimators report to?

Cost Estimators typically report to the Project Manager, Construction Manager, or Estimating Manager, depending on the organizational structure and industry.

Do Cost Estimators need certifications?

Generally, Cost Estimators are not required to have certifications for this position.

However, certifications can help them increase their hiring potential and demonstrate technical knowledge and expertise.

Similar Job Descriptions as Cost Estimator

• Cost Analyst Job Description
• Cost Accountant Job Description

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