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Cost Analyst
Career Insights for Estimator
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Based on Texas data
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What they do
An Estimator provides cost estimates for a project, based on an evaluation of the materials, labor, time and equipment needed to complete the project. May specialize in many aspects of construction or in manufacturing and design industries.
$71,979 / year median in Texas
+10% projected growth
Job Description
Location:
TMMTX, San Antonio, TX Overtime:
10% Travel- 5%
Cost Planning & Estimating Budget Development:
Prepare conceptual, schematic, and detailed design-phase cost estimates, establishing accurate baseline budgets and cost breakdown structures (CBS).
Quantity Takeoffs:
Perform comprehensive material takeoffs (QTO) using architectural and engineering drawings, technical specifications, and BIM models. Value Engineering (VE): Lead VE analyses during design phases to identify cost-saving alternatives without compromising structural integrity or design intent.
Financial Management & Cost Control Budget Tracking & Earned Value:
Monitor ongoing expenditures, committed costs, and work-in-place using Earned Value Management (EVM) to calculate Variance at Completion (VAC) and Estimate at Completion (EAC).
Cash Flow Forecasting:
Develop and update monthly cash flow projections and draw schedules to manage project liquidity and owner billing cycles.
Change Order Management:
Audit, negotiate, and validate subcontractor change order requests, evaluating pricing against market rates and contract allowances.
Procurement & Vendor Auditing Contract Review:
Assist procurement teams in drafting scope packages, evaluating trade contractor bids, and performing financial risk assessments on major vendors.
Pay Application Verification:
Review monthly payment applications (G702/G703) and lien waivers against verified field progress before authorizing disbursements.
Project Closeout:
Perform final financial reconciliations, settle contingency funds, and audit final subcontractor accounts.
Requirement:
Associates Degree