Construction estimators predict the size, cost and timeline of a construction project, which business owners, financing companies and managers require when deciding on the profitability of a new venture. These costs can include labor, equipment, material, overhead, taxes, insurance and markup. The profession typically requires a bachelor's degree in a related field, although construction personnel with much experience can become cost estimators.
The PayScale report reveals that as of May 2010, construction estimators receive a base annual salary of $41,628 to $64,400. With bonuses of $1,009 to $5,097, profit sharing of $1,458 to $5,209 and commissions of $3,041 to $20,112, total annual compensation reaches $40,496 to $66,063.
The more experience held by the professional, the higher the pay, with new estimators starting at $32,910 to $45,407. At one to four years of experience, they get $37,967 to $53,053 and at five to nine years, they receive $43,956 to $64,259. At 10 to 19 years, they earn $49,468 to $73,620 and at 20 years or more, they make $52,067 to $80,959.
The type of employer affects pay. For example, construction estimators working for private companies average $41,440 to $64,096 a year, while those who are self-employed earn $45,456 to $73,114. The federal government pays $59,145 to $85,967, while state and local entities pay $46,000 to $67,500. Estimators working for colleges and universities earn $48,866 to $59,495 and those in foundations and trusts receive $34,392 to $53,914.
The city of employment can determine salary, with those in New York earning the most at $47,083 to $70,866, followed by Chicago at $44,604 to $76,341. Estimators in Denver average $47,087 to $65,465, while those in Atlanta make $41,180 to $55,564. Finally, those in Dallas earn $44,177 to $66,021, while those in Houston get $41,175 to $60,297. As for states, California boasts the highest salary range for construction estimators at $49,913 to $76,995, followed by New York at $42,001 to $68,530. Those in Illinois average $40,896 to $66,143, and those in Texas get $40,982 to $59,926. Workers in Florida make $41,755 to $61,413, while those in Ohio receive $39,516 to $57,529.
According to the Bureau of Labor Statistics, demand for all cost estimators will increase by 25 percent from 2008 to 2018, which is much faster than average for all jobs. Most of this growth comes from the construction and repair of civic systems such as streets, subways, airports, electric power plants and transmission lines. The increasing population will also demand more residential structures, schools and hospitals, which will also require estimating services.
- Photo Credit construction image by Pali A from Fotolia.com
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