Construction analysts review plans, produce cost analysis reports, and provide analysis reports to management. They typically hold a degree in accounting, management, or civil engineering and can find job opportunities in construction, government, or finance. This role requires attention to detail, financial and construction-related skills, and dedication to continuing education. Strong background in the construction industry is an advantage.
A construction analyst has three areas of responsibility: reviewing construction plans, producing cost analysis, and providing analysis reports to management. A construction analyst typically holds a university or college degree in accounting, management, or civil engineering. A construction analyst can find job opportunities with construction or renovation companies, government agencies, and finance companies.
People who enjoy working with numbers are detail oriented and understand the importance of accuracy and report the most satisfaction in this role. A construction analyst provides two important functions: reviewing construction plans to identify areas of cost overruns and ensuring that the project stays on track at the appropriate level of expenditure. The failure of any construction company to meet these two requirements will quickly result in financial losses for the company.
The construction analyst’s primary role is to review construction plans. Only someone with experience and knowledge in this field can review the project plan and drawings to identify cost issues. This combination of financial and construction-related skills is very valuable and, as a result, these positions are typically well compensated.
Cost analysis is typically considered a business or accounting function, but it is part of a construction analyst’s job requirements. Areas of review are typically focused on business services, contract compliance, and purchase agreements. Many service contracts are extremely complex, requiring significant administration and management to complete accurately.
Providing cost analysis reports and drawings is an important part of this work. These reports are used by management to negotiate contracts with vendors, decide what type of project to complete, and review the quality of architecture firm services. Detailed analysis of drawings and blueprints is critical to implementing improved designs, resulting in better quality products at a lower price.
A career as a construction analyst requires dedication to continuing education. Technology is constantly changing and it takes time and effort to stay current. Career advancement in this field typically requires additional management education or certification in a specific software program or tool. This career is expected to see above-average growth over the next five to ten years.
Many people who become construction analysts have years of experience working in a skilled construction industry. This career is an excellent way to leverage this specialized knowledge in a job that doesn’t require a lot of outside physical labor. A strong background in the construction industry will result in a more accurate analysis due to an enhanced understanding of business practices and challenges.
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