A cost estimator is responsible for analyzing data to estimate the cost of a project. They work with clients and contractors to develop a budget for a project. Cost estimators must be able to understand complex blueprints and specifications. They use their knowledge of construction methods, materials, and equipment to develop an accurate estimate of the cost of a project.

Cost Estimator Job Responsibilities

  • Develop cost estimates for new construction projects
  • Review project plans and specifications to develop accurate cost estimates
  • Coordinate with project managers, engineers, and other stakeholders to obtain all necessary information for cost estimation
  • Analyze historical data and market trends to develop accurate costs for materials, labor, and other project costs
  • Prepare detailed reports outlining estimated costs and present to clients or management as needed
  • Monitor actual project costs against estimated costs and update estimates as needed
  • Assist in the development of bid proposals and contract negotiations


  • To develop cost estimates for potential projects and clients, in order to provide accurate information for decision making purposes.
  • To work with project managers and other stakeholders to ensure that all relevant information is considered when developing cost estimates.
  • To constantly update and improve cost estimating methods and processes, in order to increase accuracy and efficiency.
  • To maintain upto-date knowledge of relevant market trends, prices, etc., in order to produce accurate cost estimates.
  • To liaise with suppliers as necessary to obtain accurate pricing information for inclusion in cost estimates.
  • To prepare reports detailing cost estimates for review by management

Cost Estimator Job Skills & Qualifications Needed

  • The skills and qualifications needed for the role of cost estimator vary depending on the specific industry. However, most cost estimators need at least a bachelor's degree in engineering, business, construction management, or a related field. In addition, cost estimators should have strong math skills and experience with project management software.