An engineer whose judgment and experience are utilized in the application of scientific principles and techniques.
Pay Difference by Location. For those looking to make money, Cost Engineers in Baton Rouge enjoy an exceptional pay rate, 26 percent above the national average. Cost Engineers will also find cushy salaries in Houston (+13 percent), Richland (+11 percent), Auburn Hills (+9 percent), and San Francisco (+8 percent). Total cash compensation for Cost Engineers runs from $51K to $123K depending on bonuses that can occasionally exceed $10K and profit sharing that can reach almost $8K. Experience level is the main element affecting pay for this group — the particular city and the individual firm are driving factors as well. Pay for Cost Engineers in the United States sits in the ballpark of $78K per year. Total cash compensation for Cost Engineers runs from $51K to $123K depending on bonuses that can occasionally exceed $10K and profit sharing that can reach almost $8K. Experience level is the main element affecting pay for this group — the particular city and the individual firm are driving factors as well. Cost engineers apply scientific principles and techniques to budget and plan for investment projects and monitor costs throughout the project lifecycle. A cost engineer will work to get the best balance between cost to the client, quality and timely completion of the project.  From Wikipedia, the free encyclopedia.  Cost engineering [is] the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis.. Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements.. Skills and knowledge of Cost Engineers are similar to those of Quantity Surveyors. Cost engineering is a field of engineering practice that began in the 1950s (AACE International was founded in 1956). The skills and knowledge areas Cost engineers make a pretty decent salary, and their job is in high demand. All sorts of organizations, individuals, and companies need cost engineers to help make their projects more potentially successful. The salaries range from $58,000 to $123,000. Corporations employ a lot of cost engineers. Doing the cost allocation, Many cost engineers work in industries related to manufacturing, construction, specialty trade, civil engineering, and repair and maintenance. Cost estimators usually work in offices, but they might have to visit construction sites and factories. For example, a cost engineer in the construction industry might hold a degree in construction science or management. Aspiring cost engineers could also major in math, informatics, accounting or mechanical engineering. Cost Engineer I-Construction Job Description The following is a full job description for Cost Engineer I-Construction. Here are the requirements and responsibilities for Cost Engineer I-Construction along with statistics. A cost engineer is an engineer whose judgment and experience are utilized in the application of scientific principles and techniques to problems of estimation; cost control; business planning and management science; profitability analysis; project management; and planning and scheduling.. Contents. Cost engineering is a field of engineering practice that began in the 1950s (AACE International was founded in 1956). The skills and knowledge areas of Cost Engineers are similar to those of Quantity Surveyors. For example the median expected annual pay for a typical Cost Engineer I-Construction in the United States is $53,212, so 50% of the people who perform the job of Cost Engineer I-Construction in the United States are expected to make less than $53,212. Source: HR Reported data as of October 2015. 1  Salary. 2  Salary + Bonus. This chart describes the expected percentage of people who perform the job of Cost Engineer I-Construction that make less than that salary. For example 50% of the people who perform the job of Cost Engineer I-Construction are expected to make less than the median. For many Cost Engineers, more experience generally translates to higher pay. The average beginner in this position makes around $67K, but folks who have been around for five to 10 years see a markedly higher median salary of $82K. On average, Cost Engineers make $95K following one to two decades on the job. Total cash compensation for Cost Engineers runs from $51K to $123K depending on bonuses that can occasionally exceed $10K and profit sharing that can reach almost $8K. Experience level is the main element affecting pay for this group — the particular city and the individual firm are driving factors as well.
http://www.payscale.com/research/US/Job=Cost_Engineer/Salary http://www.payscale.com/research/US/Job=Cost_Engineer/Salary http://www.rigzone.com/jobs/Cost-Engineer-JS723 https://en.wikipedia.org/wiki/Cost_engineering http://www.costengineer.com/ http://study.com/articles/How_to_Become_a_Cost_Engineer_Education_and_Career_Roadmap.html http://swz.salary.com/SalaryWizard/Cost-Engineer-I-Construction-Job-Description.aspx https://en.wikipedia.org/wiki/Cost_engineering http://www1.salary.com/Cost-Engineer-I-Construction-salary.html http://www.payscale.com/research/US/Job=Cost_Engineer/Salary
cost engineer