A construction analyst’s responsibilities include reviewing construction plans, conducting cost analyses, and delivering analysis reports to management. A construction analyst typically holds a bachelor’s degree in accounting, management, or civil engineering from a university or college. Construction analysts can work for construction and renovation companies, government agencies, and financial institutions.
The most satisfied people in this role are those who enjoy working with numbers, are detail-oriented, and understand the importance of accuracy. A construction analyst has two primary responsibilities: analyzing construction plans to identify areas of cost overruns and ensuring that the project stays on schedule and within budget. Any construction company that fails to meet these two requirements will quickly experience financial losses.
The construction analyst’s primary responsibility is to review construction plans. Only someone with extensive experience and knowledge in this field can examine the project plan and drawings for costing issues. Because this combination of financial and construction-related skills is so valuable, these jobs are usually well compensated.
Cost analysis is typically thought of as a business or accounting function, but it is an important part of a construction analyst’s job. Trade services, contract compliance, and purchase agreements are usually the focus of analysis. Many service contracts are extremely complicated, necessitating a great deal of administration and management to complete them correctly.
This job necessitates the production of cost and drawing analysis reports. Management uses these reports to negotiate contracts with suppliers, decide which projects to complete, and assess the quality of architectural firm services. A thorough examination of the drawings and blueprints is essential for implementing better designs that result in higher-quality products at a lower cost.
A career as a construction analyst necessitates a commitment to lifelong learning. Technology evolves at a rapid pace, necessitating the investment of time and effort to stay current. Further education in management or certification in a specific software program or tool are usually required for advancement in this field. In the next five to ten years, this career is expected to grow faster than average.
Many people who work as construction analysts have worked in a skilled construction trade for many years. This is a great way to put your specialized knowledge to use in a job that doesn’t require as much outside, physical labor. Due to a better understanding of business practices and challenges, having a strong background in the construction industry will result in more accurate analysis.