How much does a Cost Estimation Engineer I make in Fries, VA? The average Cost Estimation Engineer I salary in Fries, VA is $66,586 as of September 01, 2024, but the range typically falls between $60,083 and $75,486. Salary ranges can vary widely depending on many important factors, including
education, certifications, additional skills,
the number of years you have spent in your profession.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
What skills does a Cost Estimation Engineer I need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
1.
Project Management: Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget.
2.
Value Engineering: Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be manipulated by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements. The term "value management" is sometimes used as a synonym of "value engineering", and both promote the planning and delivery of projects with improved performance The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections.
3.
AutoCAD: AutoCAD is a commercial computer-aided design and drafting software application. Developed and marketed by Autodesk, AutoCAD was first released in December 1982 as a desktop app running on microcomputers with internal graphics controllers.
Mastering certain skills can make the compensation of a Cost Estimation Engineer I higher. Salary.com's Real-time Job Posting Salary Data provides you the latest highly compensated skills to help you get a higher pay. For example, if you master Leadership, you can get a 4% salary raise. If you are good at Project Management, your salary will increase by 3%.If you are expert in Analysis, your salary will rise by 3%.
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Job Description for Cost Estimation Engineer I
Cost Estimation Engineer I estimates costs for construction, engineering, manufacturing, or other implementation projects based on an analysis of project technical requirements. Collects data 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 coordinates with project management, engineering, procurement and other project stakeholders. 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. (Copyright 2024 Salary.com)...
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Job Openings for Cost Estimation Engineer I
in Fries, VA
Anduril Industries is a defense technology company with a mission to transform U.S. and allied military capabilities with advanced technology. By bringing ...
The Aerospace Corporation is the trusted partner to the nation's space programs, solving the hardest problems and providing unmatched technical expertise. ...
Anduril Industries is a defense technology company with a mission to transform U.S. and allied military capabilities with advanced technology. By bringing ...
The Aerospace Corporation is the trusted partner to the nation's space programs, solving the hardest problems and providing unmatched technical expertise. ...
Company Description: Professional Project Services Inc. has upcoming opportunity for Project Manager/Cost Engineer (Direct Hire) position at our office in ...
- 7 Days Ago
Career Path for Cost Estimation Engineer I
A career path is a sequence of jobs that leads to your short- and long-term career goals.
Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Cost Estimation Engineer I, the upper level is Cost Estimation Engineer II and then progresses to Cost Estimation Engineer IV.
What does a Cost Estimation Engineer I do?
Cost Estimation Engineer I in Mobile, AL
The Costing and Estimation Engineer works under the guidance of the Senior Road Engineer with technical guidance from the Head of Engineering Section.
Cost Estimation Engineer I Pay Difference by Location
Cost Estimation Engineer I salary varies from city to city.
Compared with national average salary of Cost Estimation Engineer I, the highest Cost Estimation Engineer I salary is in San Francisco, CA, where the Cost Estimation Engineer I salary is 25.0% above.
The lowest Cost Estimation Engineer I salary is in Miami, FL, where the Cost Estimation Engineer I salary is 3.5% lower than national average salary.
Fries (pronounced "freeze") is an incorporated town located on the New River in Grayson County, Virginia, 24 kilometers (15.5 mi) north-east of the county seat in Independence — in Virginia's Blue Ridge Highlands and on Virginia's musical heritage trail, The Crooked Road.
Named after prominent cotton mill owner, Francis Henry Fries, the town is noted as the former site of Washington Mill (1903-1989); as one of three end points of the New River Trail State Park and as the host of annual music festivals reflecting its strong bluegrass and country music traditions — with its August Old-Time Fiddl...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Cost Estimation Engineer I Salary by Global Country
Cost Estimation Engineer I salary varies from country to country.
There are several factors that mainly impact the Cost Estimation Engineer I salary, including cost of living, economic conditions, market rates and legal differences.
Click below to Cost Estimation Engineer I salary of the other country.
Browse Related Job Categories With Cost Estimation Engineer I
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries.
Cost Estimation Engineer I salary varies from category to category.
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Take just three simple steps below to generate your own personalized salary report
Step 1 of 3
Understand the total compensation opportunity for a Cost Estimation Engineer I, base salary plus other pay elements
Average Base Salary
Core compensation
 
 
 
60083
75486
66586
Average Total Cash Compensation
Includes base and annual incentives
 
 
 
61272
78634
68255
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Estimation Engineer I in Fries, VA. The base salary for Cost Estimation Engineer I ranges from $60,083 to $75,486 with the average base salary of $66,586. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $61,272 to $78,634 with the average total cash compensation of $68,255.
About Fries, Virginia Fries (pronounced "freeze") is an incorporated town located on the New River in Grayson County, Virginia, 24 kilometers (15.5 mi) north-east of the co....More