How to Be Construction Cost Estimator - Job Description, Skills, and Interview Questions

Aug 12, 2020 / 5 Minutes Read / By Albert

How to Become

Professional Organizations

FAQ

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The cost of construction is a major factor that affects the decision of whether a project will be successful or not. When the cost estimations are off, it can lead to a variety of negative effects. For instance, if the cost estimations are too low, the project may be unable to cover its expenses, leading to losses and delays.

On the other hand, if the cost estimations are too high, it can lead to a lack of funding and put the entire project at risk. To ensure the success of a construction project, an accurate cost estimator is essential. It should take into account the materials, labor, and other costs associated with the project in order to provide an accurate estimate.

With an accurate cost estimation, construction projects can be more successful and profitable.

Steps How to Become

Earn a Bachelor's Degree. A bachelor's degree in engineering, construction management, architecture, or a related field is typically required to become a Construction Cost Estimator. Coursework should cover topics such as mathematics, construction materials, and building methods.
Get Work Experience. Employers typically prefer to hire cost estimators who have two or more years of experience in the construction industry. This can include experience in estimating, project management, or other related trades.
Obtain Certifications. Some employers may prefer to hire cost estimators who have achieved certain certifications. The American Society of Professional Estimators offers a Certified Professional Estimator designation for those with at least five years of experience in estimating.
Develop Technical Skills. Cost estimators should have excellent technical skills, including knowledge of construction materials and building methods, as well as proficiency in Microsoft Excel and other software programs used for budgeting and cost estimation.
Stay Up to Date. Construction industry trends are constantly changing, so cost estimators must stay informed of new developments in order to provide accurate estimates. This may include attending seminars, reading industry publications, and participating in industry organizations.

The process of effective and reliable cost estimation for construction projects is essential for successful project completion. It requires careful consideration of several aspects, including the project's scope of work, materials, labor, and any other related costs. By analyzing these factors, a construction cost estimator can accurately determine the total cost of the project.

Furthermore, a reliable cost estimator will also take into account any potential risks that may arise during the course of the project. This helps to ensure that the final cost is within the budget and that there are no unexpected surprises. Furthermore, a reliable and efficient cost estimator will make sure to keep detailed documentation of all costs, which can then be used to monitor the progress of the project and to adjust its budget if necessary.

You may want to check Pre-Construction Manager, Construction Superintendent Administrator, and Construction Safety Specialist for alternative.

Job Description

Project Manager: Responsible for overall project management, including planning, budgeting, scheduling, and managing resources.
Architect: Responsible for designing and developing the projects blueprints.
Contractor: Responsible for procuring materials, hiring subcontractors, and overseeing construction.
Inspector: Responsible for ensuring that work meets applicable codes and regulations.
Surveyor: Responsible for conducting surveys of the construction site and verifying measurements.
Engineer: Responsible for designing structural elements of the project and providing technical guidance.
Subcontractors: Responsible for carrying out specific tasks related to the project, such as electrical, plumbing, HVAC, carpentry, and masonry work.

Skills and Competencies to Have

In-depth knowledge of construction materials and techniques
Understanding of building codes and local regulations
Ability to read and interpret blueprints and other engineering documents
Experience with construction software, such as CAD
Ability to accurately calculate material costs, labor costs, and other expenses
Ability to accurately estimate project timelines
Excellent organizational and problem-solving skills
Excellent communication and interpersonal skills
Knowledge of safety regulations and best practices
Proficiency in mathematics and basic accounting principles

Construction cost estimators are essential for any building project, large or small. They are responsible for analyzing the details of a project and determining the materials, labor, and other costs associated with completion. Having a good understanding of the construction process and construction materials is key to being an effective estimator.

strong problem-solving skills, knowledge of mathematics and statistics, and excellent communication skills are all important attributes for a successful construction cost estimator. These skills help them to accurately determine the cost of a project and ensure that the budget is met. Furthermore, the ability to negotiate prices with contractors and vendors can be a huge benefit for a successful construction cost estimator.

When combined, these factors can help to ensure that a project remains within budget and is completed on time.

Construction Procurement Specialist, Construction Quality Control Manager, and Construction Buyer are related jobs you may like.

Frequent Interview Questions

What experience do you have in construction cost estimating?
What strategies do you use to ensure accurate estimates?
How do you stay up-to-date on construction costs?
How do you manage competing priorities and deadlines?
How would you handle an unexpected estimate discrepancy?
How do you work with the design team to ensure accuracy of estimates?
What tools do you use to create construction cost estimates?
How do you handle difficult clients or challenging estimates?
How do you manage risk and uncertainty when preparing estimates?
Describe a time when your cost estimates were both accurate and cost-effective.

Common Tools in Industry

On-Screen Takeoff. A web-based software that allows users to accurately measure, count, and price construction projects. (e. g. ProEst)
Quantification Software. Software that uses 3D models to create detailed estimates of the materials and labor needed for a construction project. (e. g. BIM 360 Estimating)
Cost Data Analysis Software. Software that uses historical cost data to compare and adjust current project estimates. (e. g. RSMeans Data Online)
Estimating Software. Software that allows users to quickly create estimates for material, labor, and equipment costs for construction projects. (e. g. PlanSwift)
Scheduling Software. Software that helps users manage the timeline and workflow of construction projects. (e. g. TILOS)

Professional Organizations to Know

American Institute of Architects (AIA)
American Society of Professional Estimators (ASPE)
Construction Specifications Institute (CSI)
Associated General Contractors of America (AGC)
American Society of Civil Engineers (ASCE)
International Cost Estimating & Analysis Association (ICEAA)
National Association of Home Builders (NAHB)
American Society of Appraisers (ASA)
Association of Construction Project Managers (ACPM)
National Council of Examiners for Engineering and Surveying (NCEES)

We also have Construction Project Engineer, Construction Sales Representative, and Construction Superintendent of Operations jobs reports.

Common Important Terms

Contractor. A professional who is hired to complete a specific construction project, such as a remodeling or new construction project.
Cost Estimate. An estimate of the cost of materials, labor and other costs associated with a construction project.
Overhead Costs. Costs associated with running a business that are not directly related to the construction project, such as administrative costs, insurance, taxes, etc.
Subcontractor. An individual or company hired by the contractor to complete part of the construction project, such as electrical wiring or tile installation.
Change Order. A document that outlines changes to the original construction plans, such as additional materials needed or changes to the timeline.
Bid. An offer made by a contractor in response to a request for proposals or bids.
Allowance. An amount of money included in the cost estimate for an item, such as flooring, that is not certain until the project is completed.

Frequently Asked Questions

What is a Construction Cost Estimator?

A Construction Cost Estimator is a professional who provides an estimate of the costs associated with a proposed construction project. They analyze the cost of labor and materials, as well as any other potential costs that may be associated with the project.

What kind of information does a Construction Cost Estimator need to provide an accurate estimate?

A Construction Cost Estimator needs to have detailed information about the proposed project, including the size and scope, type of materials needed, labor costs, and any other potential costs associated with the project. They also need to review plans, blueprints, and other documents related to the project.

How much does a Construction Cost Estimator typically charge?

The cost of a Construction Cost Estimator typically depends on the size and complexity of the project. Fees can range from a few hundred dollars for a simple project to thousands of dollars for a more complex one.

What are the benefits of hiring a Construction Cost Estimator?

Hiring a Construction Cost Estimator can provide several benefits, including a comprehensive estimate of the total cost of the project, insight into potential cost savings, and assistance in budgeting for the project.

What qualifications should I look for in a Construction Cost Estimator?

When hiring a Construction Cost Estimator, look for someone with experience in the industry who is certified in cost estimating, has knowledge of building codes and regulations, and is familiar with prevailing wage requirements.