Estimators make estimates of how much engineering and construction projects will cost. They submit these assessments in bids alongside competitors. They may also evaluate alternative construction methods that are budget-friendly.
An estimator’s salary can vary based on years of experience. To help you figure out how much to expect to earn, we’ve created a salary distribution chart.
Salary & Benefits
The salary for a construction estimator can vary greatly depending on various factors. Some of these factors include experience, certifications, and work location. In addition, some companies pay more than others because of their budgets and market conditions.
Those who are just starting out can expect to earn an entry-level construction estimator salary of around $50,000 per year. This is a great starting salary for someone who has just completed their college education and wants to begin their career in the industry. These individuals will usually work under the supervision of senior construction estimators to learn the job.
More experienced construction estimators can expect to earn more than $60,000. This is because they have a lot of experience in the field and know how to estimate projects accurately. They also have a strong understanding of the construction industry and can help junior staff members develop their skills.
It is important for a construction estimator to have good communication skills. They also need to be able to work well with others, including other construction professionals and clients. In addition, they should be able to read blueprints and understand the different parts of a building. In this way, they can prepare estimates accurately and efficiently. This can help them complete their work on time and within budget. They can also use estimating software to ensure that their estimates are accurate.
Working Hours
During your training, you will learn how to read architectural plans and prepare cost estimates. You will also be taught how to use computer-aided design and estimating software. This is a highly technical job that requires attention to detail and the ability to meet tight deadlines. Construction estimators work in close collaboration with architects, project engineers and construction managers.
Typical working hours for a construction estimator are from 9am-5pm on a full-time basis, although peak periods can require overtime. Travel to and from projects is sometimes required. You may be expected to remain at a project site for several weeks as you gather information, so you will need to be willing to work away from home and family.
A construction estimator’s responsibilities involve researching materials and labour rates, comparing quotations, and analysing drawings and specifications. They must stay abreast of construction trends and fluctuations, and they must maintain detailed records. They must be able to suggest alternative construction methods and materials in order to reduce costs.
It’s important to have excellent communication skills because you will work closely with other professionals. You will need to be able to explain complex issues in simple terms, so that everyone on the construction team understands them. Your organisational skills will help you create a schedule that prioritises tasks and avoids delays. You will also need to have problem-solving skills to resolve unforeseen difficulties during manufacturing or construction.
Requirements
An individual interested in becoming a construction estimator needs to have several qualifications. A bachelor’s degree in engineering is usually required, and a high school diploma may suffice for entry-level positions. Other requirements include strong math skills, organizational skills, critical thinking, and communication skills. It is also helpful for individuals to have field experience working on construction sites.
A construction estimator’s responsibilities are to collect imperative documents related to project drawings, specifications, and property plans. They must then evaluate and analyze the requirements for a job to create an estimate. They also need to maintain a directory of companies supplying contractors, materials, and equipment and gather quotes from each of them. They then compare the quotes and select the best one.
Another task of a construction estimator is to create a budget for a project. They present their estimates to their client and sometimes evaluate alternative construction methods that are budget-friendly for the project. Moreover, they also have to determine how much the company will pay for labor and materials and decide the amount of profit that will be earned.
Construction Estimators can earn good bonuses based on their performance. They may receive 9% salary increment every 17 months. In addition, some jobs may have bonus programs that allow employees to receive a higher bonus if they meet certain targets.
Training
The salary of a construction estimator can vary significantly depending on the qualifications and experience they have. Some people may choose to pursue a degree in the field of civil engineering or construction management before entering the career, while others may start their careers in a lower-level position and work their way up. Those without a degree can also pursue professional certification.
Regardless of their academic background, most construction estimators must be comfortable working with a variety of tools and programs. They must be able to quickly compile and analyze the necessary information to create an accurate estimate for a project. They should also be able to communicate effectively with clients and other employees in order to resolve any issues that arise.
Construction estimators can enhance their income by joining industry organizations or becoming managers of a team of junior construction estimators. These professional bodies offer a range of benefits, including networking opportunities and access to training and development opportunities. They can also help job-seekers network with potential employers and find new roles in the industry.
Those looking to become a construction estimator should consider seeking an apprenticeship with a construction company. These positions usually include on-the-job training and a formal learning program. Apprenticeships can be a great way to gain the skills and experience needed for this role, as well as earning a competitive salary while you learn.