Construction cost estimators are professionals who prepare cost estimates of commercial, municipal and residential building projects. The estimator has to rely upon the use of construction plans as well as his own experience for preparing and analyzing the project spending and budgets.
How to become a construction cost estimator:
A degree is construction management, architecture or civil engineering is necessary. Individuals from these fields usually have a strong knowledge about construction processes and science. Many trade bodies like the Society of Cost Estimating and Analysis and Association for the Advancement of Cost Engineering offer certification in the field.
Strong mathematical and analytical skills and also an eye of details are the requisite skills of the profession. Experience in the industry with knowledge about electrical and HVAC systems is necessary. Strong communication and interpersonal skills are also required.
Construction cost estimator career courses, training and programs:
Construction cost estimators often get long-term training while on the job. They begin the profession as assistants to senior estimators and then go on to do independent work. Some institutes also offer diploma programs.
Construction cost estimator career schools/colleges, education:
In the engineering college, the construction cost estimator learns about the aspects of engineering. Besides, the candidate also learns financial and cost accounting principles if he chooses such subjects as electives in high school.
Top 5 colleges/universities:
California Institute of Technology (Caltech)
Massachusetts Institute of Technology (MIT)
Indiana University, Bloomington
Georgia Institute of Technology
Construction cost estimator job opportunities, salaries/pay:
Employment in the sector is expected to grow faster than average. Overall, good job prospects can be expected for those having experience and a bachelor’s degree in engineering, finance or cost accounting. The average annual salary of construction cost estimators is around $74,320. The remuneration increases with experience. Many construction cost estimators work as independent professionals and charge fees for their services.
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