Description

The main responsibility of estimation managers is to present estimates of costs and timelines for project milestones as well as their finalization. The daily tasks involve collecting data from the parties involved, creating precise estimates, and sharing this information with the those in charge and teams. Based on the organization and their position, estimating managers might be in constant contacts with vendors, customers as well as internal management as well as other management. While some estimators are part of small teams on big projects, they often operate on their own to ensure coordination and planning between all the parties.

The physical requirements of this job typically involve lengthy hours spent in front of computers, though there could be some work in field sites that are related to construction or other tasks. The hours of work may differ based on the specific project or requirement however, these professionals typically operate during normal business hours.

Due to the specific nature of these jobs the requirements for education vary however the requirement is a bachelor's degree and the graduation certificate from a high school or similar is required. A lot of positions require a long period of knowledge of the job as well as the capability to comprehend blueprints and technical documents, as well. Furthermore, managers who manage estimating require outstanding communication skills, be adept with basic computer programs, and be able to multitask effectively. They should be able to work by themselves with little supervision, and also working in a group setting.

Roles & Responsibilities

As an Estimating Manager in the United States with 9+ years of experience, your main responsibilities include:

  • Manage a team of estimators, assigning projects, providing guidance and support, and ensuring accurate and timely estimation of costs.
  • Collaborate with project managers, engineers, and subcontractors to gather project specifications and requirements for accurate cost estimation.
  • Review and analyze bid documents, including drawings, specifications, and contracts, to identify potential risks, opportunities, and value engineering options.
  • Develop and maintain relationships with clients, suppliers, and subcontractors to ensure competitive pricing, negotiate contracts, and secure the best value for the organization.

Qualifications & Work Experience

For an Estimating Manager job role, the following qualifications are required:

  • Extensive experience in construction estimating, including a strong understanding of construction plans, specifications, and industry best practices.
  • Excellent analytical skills to interpret data, perform cost analysis, and develop accurate and competitive project estimates.
  • Strong leadership abilities to manage a team of estimators, providing guidance, training, and support while ensuring the accuracy and timeliness of estimates.
  • Exceptional communication and interpersonal skills to collaborate effectively with clients, project managers, and subcontractors, establishing rapport and resolving any estimating-related issues in a professional manner.

Essential Skills For Estimating Manager

1

Cost Analysis

2

Leadership Management

3

Budget Estimation

4

Leadership Communication

Skills That Affect Estimating Manager Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Constructors

9%

Risk Management

28%

Strategic Negotiations

21%

People Management

7%

Project Management

11%

Career Prospects

The role of an Estimating Manager is essential for overseeing accurate cost assessments and ensuring project profitability. With over 9 years of experience in the United States, professionals in this field can consider various alternative roles. Here are following options worth exploring:

  • Project Manager: A role involving overall project coordination, including planning, resource allocation, and stakeholder management.
  • Construction Superintendent: A position responsible for on-site coordination, overseeing construction activities, and ensuring compliance with specifications and timelines.
  • Procurement Manager: A role that focuses on managing the procurement process, sourcing materials, negotiating contracts, and optimizing supply chain operations.
  • Business Development Manager: A position involved in identifying new business opportunities, nurturing client relationships, and driving growth strategies.

How to Learn

The role of an Estimating Manager in the United States is expected to witness significant growth in the market. Over the past 10 years, there has been a consistent increase in demand for professionals in this position. According to recent data from Google, there is a positive outlook for the job, with an estimated 11% growth in employment opportunities expected in the coming years. This growth can be attributed to the construction industry's continuous expansion, as well as the increasing need for accurate cost estimation and project evaluation. With the projected growth, there will be ample employment opportunities available for individuals pursuing a career as an Estimating Manager.