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Cost Estimators in Guam

Considering working as a Cost Estimators in Guam? Here’s what you need to know. Prepare 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.

What do Cost Estimators Make in Guam?

The cost estimators working in Guam, wages run about $61,150 per year (or about $29.40/hour).Earnings range from $29,230 at the 10th percentile to $83,430 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$29,230	$14.05
25th percentile	$44,250	$21.28
Median (50th)	$61,150	$29.40
75th percentile	$69,280	$33.31
90th percentile	$83,430	$40.11

The job concentration index in Guam relative to the national average — is 0.64, suggesting fewer cost estimators per worker than the national average.

National Wage Comparison

Nationally, cost estimators earn a median of $80,966 per year ($38.93/hour), lower than the Guam median.

Employment Outlook

National employment for 161,579 cost estimators in the U.S.. In Guam alone, about 60 people work in this role. That trails the typical state, which employs around 2,460 cost estimators.

Top States for Cost Estimators Employment

These states have the highest employment of cost estimators work.

State	Number Employed
California	25,580
Texas	21,810
Florida	14,640
New York	9,790
Pennsylvania	9,370
Ohio	8,500
Washington	7,320
Missouri	6,990
North Carolina	6,620
Virginia	6,570
Illinois	6,220
Michigan	6,110
Colorado	6,020
Massachusetts	5,340
Wisconsin	5,200
New Jersey	5,130
Georgia	5,100
Indiana	4,800
Arizona	4,540
Maryland	4,380

Highest-Paying States for Cost Estimators

These states pay the most for cost estimators.

State	Annual Median Salary
Massachusetts	$102,680
California	$84,610
District of Columbia	$84,410
New York	$82,940
Washington	$82,900
Colorado	$81,990
Maryland	$81,490
New Jersey	$80,880
Nevada	$80,270
Minnesota	$79,950

Skills

Top cost estimators skills, rated on an importance scale of 0 to 5:

Knowledge Areas

Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Abilities

Top abilities for cost estimators, rated on an importance scale of 0 to 5:

Daily Tasks

Day-to-day, cost estimators typically:

• Analyze blueprints and other documentation to prepare time, cost, materials, and labor estimates.
• Confer with engineers, architects, owners, contractors, and subcontractors on changes and adjustments to cost estimates.
• Collect historical cost data to estimate costs for current or future products.
• Assess cost effectiveness of products, projects or services, tracking actual costs relative to bids as the project develops.
• Consult with clients, vendors, personnel in other departments, or construction foremen to discuss and formulate estimates and resolve issues.
• Establish and maintain tendering process, and conduct negotiations.
• Prepare estimates for use in selecting vendors or subcontractors.
• Prepare estimates used by management for purposes such as planning, organizing, and scheduling work.
• Set up cost monitoring and reporting systems and procedures.
• Review material and labor requirements to decide whether it is more cost-effective to produce or purchase components.
• Prepare cost and expenditure statements and other necessary documentation at regular intervals for the duration of the project.
• Conduct special studies to develop and establish standard hour and related cost data or to reduce cost.

Work Activities

• Getting Information
• Analyzing Data or Information
• Working with Computers
• Estimating the Quantifiable Characteristics of Products, Events, or Information
• Making Decisions and Solving Problems
• Communicating with Supervisors, Peers, or Subordinates
• Updating and Using Relevant Knowledge
• Processing Information
• Identifying Objects, Actions, and Events
• Establishing and Maintaining Interpersonal Relationships
• Documenting/Recording Information
• Scheduling Work and Activities

Tools & Technology

Software and systems commonly involved: Hot technologies: Adobe Acrobat, Autodesk AutoCAD In-demand technologies: ConstructConnect PlanSwift

What Major Will Prepare You For This Career?

Several college majors map to this occupation:

• Business Administration & Management
• Business & Commerce
• Mechanical Engineering
• Materials Engineering
• Construction Engineering
• Manufacturing Engineering
• Construction Engineering

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Related Careers

Careers similar to cost estimators include:

• Construction Managers
• Architectural and Engineering Managers
• Purchasing Agents, Except Wholesale, Retail, and Farm Products
• Logistics Engineers
• Project Management Specialists
• Appraisers and Assessors of Real Estate

Also Known As

Acquisition Cost Estimator, Analyst, Building Construction Estimator, Building Estimator, Civil Estimator, Commercial Construction Estimator, Commercial Estimator, Commercial Roofing Estimator, Concrete Estimator, Construction Estimator, Construction Job Cost Estimator, Cost Analyst, Cost Consultant, Cost Engineer, Cost Estimating Analyst.

References

• U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
• O*NET Online — https://www.onetonline.org/
• BLS Employment Projections — https://www.bls.gov/emp/
• O*NET-SOC code: 13-1051.00