Cost Estimation Engineer I estimates costs for engineering projects based on an analysis of project technical requirements. Collects and analyzes all project costs, including raw materials, labor, equipment and tooling to ensure estimates are accurate. Being a Cost Estimation Engineer I identifies and quantifies potential cost uncertainties to ensure costing models capture the full range of potential costs. Updates costs as necessary based on new information and project scope changes. Additionally, Cost Estimation Engineer I requires interface with project management, engineering, and procurement departments. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer I work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Cost Estimation Engineer I typically requires 0-2 years of related experience.