Cost Estimators Essay

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Cost Estimators - What They Do

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How to Advance (Advancement)
Voluntary certification can be beneficial to cost estimators because it provides professional recognition of the estimator's competence and experience. In some instances, individual employers may even require professional certification for employment. The ASPE, AACE International, and SCEA administer certification programs. To become certified, estimators usually must have between 2 and 8 years of estimating experience and must pass a written examination. In addition, certification requirements may include the publication of at least one article or paper in the field.

For most estimators, advancement takes the form of higher pay and prestige. Some move into management positions, such as project manager for a construction firm, program manager for a government contractor, or manager of the industrial engineering department for a manufacturer. Others may go into business for themselves as consultants, providing estimating services for a fee to government or to construction or manufacturing firms.

Employment
Cost estimators held about 217,800 jobs in 2008. About 59 percent of estimators were in the construction industry and another 15 percent were employed in manufacturing. The remainder worked in a wide range of other industries.

Cost estimators work throughout the country, usually in or near major industrial, commercial, and government centers and in cities and suburban areas experiencing rapid change or development.

Job Outlook
Employment is projected to grow much faster than average. Overall, good job opportunities are expected; those with industry work experience and a bachelor's degree in a related field will have the best prospects.

Job Growth
Employment of cost estimators is expected to grow by 25 percent between 2008 and 2018, much faster than average for all occupations. Growth in the construction industry will account for most new jobs in this occupation. In particular, construction and repair of highways, streets, bridges, subway systems, airports, water and sewage systems, and electric power plants and transmission lines will stimulate the need for more cost estimators. Similarly, an increasing population will result in more construction of residential homes, hospitals, schools, restaurants, and other structures that require cost estimators. As the population ages, the demand for nursing and extended-care facilities will also increase. The growing complexity of construction projects will also boost demand for cost estimators as more workers specialize in a particular area of construction.

Because there are no formal bachelor's degree programs in cost estimating, some employers have difficulty recruiting qualified cost estimators, resulting in good employment opportunities. Job prospects
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