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Construction

Cost Estimator

Prepares cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.

Annual openings

474

Median wage

$86,940

Typical education

Bachelor's degree

Growth 2026–2032

+2%

Median wage source: Colorado BLS OEWS (2025).

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Career requirements

What does this career require?

Explore education, required qualifications, voluntary credentials and employer preferences for this role. Check the details to see which apply.

Typical education

Bachelor's degree

Credential requirement

Credential requirements not reported

Work experience

No previous work experience is required; however, experience working in the industry you will now estimate is valued.

Cost Estimators are in demand in the Construction, particularly related to large infrastructure contracts.
While not required, field experience as a journeyman is highly beneficial for understanding the work being estimated. Some individuals may transition to these roles on the business side of the industry while retaining their background in the field.

Is this work a fit?

What the work actually feels like

How people in this career tend to spend their time, the interests it draws on, and a look at a typical day.

Work style

The type of work can vary by job and employer.

  • With childrenNo
  • On a computerMay vary
  • OutdoorsMay vary
  • With your handsNo

Interests it draws on

  • Trades
  • Construction

Automation exposure

Moderate exposure

Some routine tasks may shift as tools improve, but the role is likely to adapt.

A typical day

  1. Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
  2. Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
  3. Collect historical cost data to estimate costs for current or future products.
  4. Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
  5. Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
  6. Establish and maintain tendering process, and conduct negotiations.
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