FAQ about Cost Estimating Director
1. Where can a Cost Estimating Director earn the most?
A Cost Estimating Director's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer.
According to the latest salary data by Salary.com, a Cost Estimating Director earns the most in San Jose, CA, where the annual salary of a Cost Estimating Director is $257,873.
2. What is the highest pay for Cost Estimating Director?
The highest pay for Cost Estimating Director is $225,482.
3. What is the lowest pay for Cost Estimating Director?
The lowest pay for Cost Estimating Director is $170,635.
4. What are the responsibilities of Cost Estimating Director?
Leads the estimating function and develops standards, procedures, tools, and methodologies to produce cost estimates for technical projects based on work scope, specifications, and proposal or contract requirements. Establishes processes to perform analysis of project requirements, plans, and specifications to identify labor, material, equipment, and service requirements. Incorporates benchmark data, trends, and historical pricing to generate detailed cost estimates that consist of itemized lists of expenses, labor hours, material quantities, and potential cost variations. Develops a workflow and system for scheduling and processing estimate requests and communicating with stakeholders. Depending on the complexity and type of project, may use different estimating methods, mathematical models, or specialized estimating software tools to generate estimates. Requires a bachelor's degree. Typically reports to senior management. Manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function.