Senior Estimator Salary
Job Description for Senior Estimator
A senior estimator is responsible for predicting the cost of a construction project. To accomplish this, a senior estimator must gather all the data regarding materials, equipment, utilities and manpower required for a given project, figure out how long the project will take, adjust for economic conditions and perform a cost analysis to produce an accurate estimate. Once the estimate is complete, the senior estimator presents the estimate to senior management members. The senior estimator may also be expected to work with architects and other consultants to find ways to reduce costs without endangering the success of the project and could be expected to take part in soliciting and negotiating prices from contractors and suppliers. Senior estimators will often work a standard 40-hour work week, but emergencies and tight time restraints may require working additional hours to meet deadlines. The bulk of a senior estimator’s time will be spent in an office, but sometimes travel to work sites is required to meet with contractors, architects and other team members, and to meet with suppliers.Read More...
A bachelor’s degree in construction management, civil engineering, architecture or a related field is usually the educational requirement to become a senior estimator. Also, prospective applicants are generally expected to have at least five years of experience in the planning or managing of engineering design or construction, or experience in overseeing large engineering projects. While no certification is required, a senior estimator must be well versed in the construction industry and must keep current with the latest estimating technology and techniques.
Senior Estimator Tasks
- Develop strategies to meet project goals, like setting work hours, sequencing tasks, obtaining materials, etc.
- Develop and present cost estimates for internal and external audiences.
- Evaluate risk and budgets for projects by considering RFP, blueprints, specs, or other documents.
- Manage subcontractor bids and process.
Common Career Paths for Senior Estimator
Senior Estimators often end up in upper-level roles like Chief Estimator. Chief Estimators bring home $95K annually on average. Many Senior Estimators choose to become Estimating Managers and Sales Estimators as their careers advance. However, folks in those positions report median salaries of $12K less and $39K less, respectively.
Senior Estimator Job Listings
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Popular Skills for Senior Estimator
Senior Estimators seem to exploit a large range of skills on the job. Most notably, facility with Contractor Management, People Management, and Contract Negotiation are correlated to pay that is significantly above average, leading to increases of 21 percent, 19 percent, and 9 percent, respectively. Those listing xactimate as a skill should be prepared for drastically lower pay. accubid and AutoCAD also typically command lower compensation. Those proficient in Blueprints are, more often than not, also skilled in Microsoft Excel.
Pay by Experience Level for Senior Estimator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Senior Estimators — those with more experience do not necessarily bring in higher earnings. Although individuals who have less than five years' experience earn $65K on average, people with five to 10 years benefit from a notably larger average of $78K. Senior Estimators claiming one to two decades of experience make an estimated median of $86K. Senior Estimators who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $92K on average.
Pay Difference by Location
Home to some of the best pay for Senior Estimators, San Jose offers exceptional salaries, 47 percent above the national average. Senior Estimators will also find cushy salaries in New York (+45 percent), San Francisco (+32 percent), Boston (+26 percent), and Chicago (+19 percent). Trailing the national average by 10 percent, Minneapolis is the market with the smallest paychecks. Employers in Phoenix and Orlando also lean toward paying below-median salaries (5 percent lower and 4 percent lower, respectively).
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Key Stats for Senior Estimator
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