What Does an Estimation Engineer Do?

Estimation engineers are responsible for estimating the cost and time required to build new products or services. They work with a variety of stakeholders—including designers, marketers, salespeople, and other engineers—to determine how much it will cost to bring an idea to life.

Estimation engineers must be able to think creatively and critically at the same time. They need to be able to come up with creative solutions to complex problems while also being able to break down those solutions into their component parts so that they can be properly estimated.

Estimation Engineer Job Duties

Estimation engineers have a wide range of responsibilities, which can include:

• Identifying and documenting requirements for new products or services based on customer feedback or company strategies
• Working with other engineers to design new products or improve existing products or processes
• Analyzing data to identify trends and problems, using statistical methods such as regression analysis
• Communicating with clients to discuss project requirements and goals
• Making calculations based on formulas or experience in order to determine costs, labor needs, and other relevant factors
• Developing new ways to manufacture products or improve processes to reduce costs and increase efficiency
• Preparing reports that detail findings from research projects
• Applying principles of engineering such as physics, chemistry, and mathematics to solve problems in science and technology
• Conducting tests to measure the performance of materials or components

Estimation Engineer Salary & Outlook

The salary of an estimation engineer can vary depending on a number of factors, including their level of education, years of experience, and the size and industry of the company. They may also earn additional compensation in the form of bonuses.

• Median Annual Salary: $85,000 ($40.87/hour)
• Top 10% Annual Salary: $165,000 ($79.33/hour)

The employment of estimation engineers is expected to grow slower than average over the next decade.

Demand for engineering services depends on the overall demand for engineering and engineering technology. As demand for new products and processes increases, so does demand for engineering services. However, automation and other technological advances may limit the need for engineering services in some cases.

Related: Estimation Engineer Interview Questions and Answers

Estimation Engineer Job Requirements

There are a number of qualifications required to obtain a position as an estimation engineer. They include:

Education: Most employers require estimation engineers to have a bachelor’s degree in engineering, mathematics, statistics or computer science. Some of the coursework that these programs include is calculus, engineering design, physics and probability. Some of these programs also include coursework in computer-aided design, computer-aided manufacturing and computer-aided engineering.

Some employers prefer estimation engineers to have a master’s degree in engineering or a related field.

Training & Experience: Most estimation engineers receive on-the-job training when they start a new position. This training helps the estimation engineer learn the company’s specific processes and procedures. It also allows the estimation engineer to become familiar with the company’s computer systems and software.

Estimation engineers can also receive training through internships. During an internship, an estimation engineer can learn more about the field and gain practical experience. They can also network with professionals in the industry.

Certifications & Licenses: Though not required, certification in certain skills can make you a more competitive candidate when applying for jobs as an estimation engineer.

Estimation Engineer Skills

Estimation engineers need the following skills in order to be successful:

Technical skills: Technical skills are the foundation of your engineering knowledge. You use technical skills to solve problems, develop solutions and create new technology. Technical skills are the foundation of your ability to estimate and solve problems.

Communication skills: As an estimation engineer, you may be required to communicate with clients, other engineers and other professionals. Effective communication skills can help you to convey your ideas and information to others in a clear and concise manner. You can also use your communication skills to build and maintain professional relationships with others in your field.

Problem-solving skills: Problem-solving skills are essential for estimation engineers. They use these skills to find solutions to complex problems and develop strategies to overcome challenges. They use their problem-solving skills to develop solutions for their clients and improve the quality of their work.

Critical thinking skills: Critical thinking is the ability to analyze a situation and find the best solution. Estimation engineers use critical thinking skills to solve complex problems. They may be asked to find the most cost-effective way to build a machine or find the most efficient way to use a material.

Project management: Project management skills are also important for estimation engineers. They may be responsible for managing the project from start to finish, including planning, budgeting, scheduling and more. Project management skills can help you be successful in this role.

Estimation Engineer Work Environment

Estimation engineers work in a variety of settings, including office buildings, factories, and construction sites. They may be exposed to noise, dust, and fumes, and they may have to work in uncomfortable positions. They usually work a standard 40-hour week, but they may have to work overtime to meet deadlines. Some estimation engineers travel to visit clients or to attend conferences.

Estimation Engineer Trends

Here are three trends influencing how estimation engineers work. Estimation engineers will need to stay up-to-date on these developments to keep their skills relevant and maintain a competitive advantage in the workplace.

The Need for More Technical Talent

The need for more technical talent is a trend that is being felt across all industries, as businesses are increasingly relying on technology to run their operations. This has led to an increased demand for professionals who can design and implement complex systems.

As estimation engineers are responsible for estimating the cost of projects, they will need to be familiar with the latest technologies in order to accurately assess their value. This includes understanding how to use software tools such as CAD and PLM, which are used to design and manage products.

More Collaboration Between Engineering and Business Teams

The trend of engineering and business teams collaborating more closely together is becoming more common as companies strive to create better products and services.

As estimation engineers are responsible for estimating the costs of projects, they will need to be able to work effectively with both engineering and business teams in order to provide accurate estimates. This requires a deep understanding of both sides of the equation, which can only be achieved through collaboration.

Greater Use of Agile Methodologies

Agile methodologies are becoming increasingly popular among businesses due to their ability to help teams work more efficiently. As a result, estimation engineers will need to learn how to work within these frameworks in order to stay competitive.

By learning how to work in an agile environment, estimation engineers will be able to adapt quickly to changes in project requirements and collaborate more effectively with other team members. In addition, they will be better equipped to handle unexpected challenges that often come up in the course of any project.

How to Become an Estimation Engineer

An estimation engineer career path can be a great way to start your engineering career. As an estimation engineer, you’ll work with teams to estimate the cost and time required to complete projects. This is a critical role in any engineering organization, as it helps ensure that projects stay on track and within budget.

To become an estimation engineer, you’ll need to have a strong math background and be able to use complex formulas and equations. You’ll also need to be able to think critically and creatively when solving problems. Additionally, it’s important to have good communication skills so that you can effectively collaborate with team members.

Advancement Prospects

Advancement for estimation engineers generally comes in the form of promotions to higher-level positions. As they gain experience, estimation engineers may be promoted to positions such as project manager, construction manager, or general manager. In addition, estimation engineers who become certified by a professional organization such as the American Society of Professional Estimators (ASPE) may be able to command higher salaries.

Estimation Engineer Job Description Example

At [CompanyX], we are looking for an Estimation Engineer with experience in the construction industry. The ideal candidate will have a bachelor’s degree in engineering or a related field, and at least 5 years of experience in construction estimation. They will be responsible for preparing cost estimates for construction projects, as well as performing quantity takeoffs and material pricing. They will also be responsible for maintaining a database of supplier and subcontractor pricing, and for developing relationships with new suppliers. The Estimation Engineer will report to the Director of Estimating.

Duties & Responsibilities

• Understand the customer’s requirements and develop an estimation accordingly
• Develop cost models for various products and services
• Conduct research to identify new opportunities for cost savings
• Analyze data to find trends and recommend process improvements
• Prepare reports detailing your findings and recommendations
• Work with engineering and other teams to implement changes
• Monitor results of implemented changes and make further recommendations as needed
• Stay up-to-date on industry trends and developments
• Attend conferences and training sessions as needed
• Maintain accurate records of all estimations
• Update existing cost models as necessary
• Assist in the development of proposals and bids

Required Skills and Qualifications

• Bachelor’s degree in engineering, construction management, or related field
• 5+ years experience in the construction industry, with a focus on estimation
• Proven experience developing cost estimates for commercial, industrial, and/or residential projects
• Strong understanding of construction methods, materials, and equipment
• Ability to read and interpret blueprints and technical drawings
• Excellent mathematical skills and analytical ability
• High attention to detail and accuracy

Preferred Skills and Qualifications

• Master’s degree in engineering or construction management
• 7+ years experience in the construction industry
• Professional engineering license
• LEED AP certification
• Experience with computer-aided design (CAD) software
• Experience with cost estimating software