Cost Estimator Salary (United Arab Emirates)
A Cost Estimator earns an average salary of AED 84,000 per year. Most people move on to other jobs if they have more than 10 years' experience in this field.
|Range||AED 0AED 291K|
|Salary||AED 29,950 - AED 282,616|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AED 30,210 - AED 291,984|
Job Description for Cost Estimator
Whether the final product is a skyscraper or a tube of toothpaste, most companies need a professional to estimate the production costs for their products. A cost estimator predicts manufacturing price of a product using their analytical and technical skills. Their typical day includes analyzing labor, material, and time requirements for manufacturing proposals or construction blueprints to calculate the costs of production; they may also occasionally visit the site of production. As they are tasked with preparing cost estimates to ensure a projected project can be successfully and efficiently completed, they create cost-estimate reports and often make presentations to other members of the production team. Additionally, a cost estimator normally work alongside other professionals such as designers, architects, contractors, construction managers, and engineers.Read More...
Although cost estimators can be found within a variety of industries, most work in the manufacturing sector. Cost estimating is considered a professional position that includes working regular business hours in an office setting. It is a high-pressure job which requires a keen eye for detail; several cost estimators may work on different parts of the same production project at the same time.
Although a college degree is not required to enter this profession, a bachelor's degree in accounting, finance, business, or economics is generally preferred for this position. Additionally, previous experience in cost estimating may be required or preferred by employers. (Copyright 2018 PayScale.com)
Cost Estimator Tasks
- Produce cost estimates for a project based on project plans and discussions with clients and engineers.
- Analyze current processes, personnel, and materials to identify methods for reducing costs.
- Make new cost estimates as project progresses, and discuss changes with engineers, contractors, and clients.
- Conduct research to determine needs for personnel, machinery, materials, and other factors which affect costs.
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