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Cost Analyst

Reston, VA
Cost Analyst 

TS/SCI Clearance Required in JPAS

Minimum Experience:  3 years of general experience or 1 year of specialized experience
Performs Functional Economic Analysis (FEA) to evaluate the costs of alternative ways to accomplish functional objectives. The FEA states investment costs, benefits and risks as a net change to the functional baseline cost, the cost of doing business now and in the future. Ensures that cross-functional, security and other integration issues are addressed.

Under direct supervision, responsible for administrative activities associated with estimate to complete (ETC) updates, research, problem-solving and general system maintenance. Responsible for accurately forecasting the cost of future projects. Develop the cost information needed to make a bid for a contract or to determine if a proposed new product will be profitable.     Compile and analyze data on all of the factors that can influence costs-such as materials, labor, location, and special equipment requirements, including computer hardware and software.  Gather information on access to the site and availability of electricity, and other services, as well as on surface topography and drainage. Determines the quantity of materials and labor the firm will need to furnish. This process, called the quantity survey or “takeoff,” involves completing standard estimating forms, filling in dimensions, number of units, and other information. Estimate the costs of all items a sub-contractor must provide. Must make decisions concerning equipment needs, sequence of operations, crew size, and physical constraints at the site. Allowances for the waste of materials, inclement weather, shipping delays, and other factors that may increase costs also must be incorporated in the estimate . On completion of the quantity surveys,  prepares a cost summary for the entire project, including the costs of labor, equipment, materials, subcontracts, overhead, taxes, insurance, markup, and any other costs that may affect the project. Will estimate costs or track actual costs relative to bid specifications as the project develops. Requires the use of computers for complex mathematical calculations and requires advanced mathematical techniques.  Operations research, production control, cost, and price analysts who work for government agencies may do significant amounts of cost estimating in the course of their regular duties.  Requires Bachelor’s degree (in Accounting, Finance or Business Administration) or equivalent, and zero to two years of related experience.
 

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