How much does a Cost Estimation Engineer I make in Narragansett, RI? The average Cost Estimation Engineer I salary in Narragansett, RI is $74,317 as of February 26, 2024, but the range typically falls between $67,059 and $84,246. 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. 

Cost Estimation Engineer I Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer I Salary $60,451 Narragansett,RI February 26, 2024
25th Percentile Cost Estimation Engineer I Salary $67,059 Narragansett,RI February 26, 2024
50th Percentile Cost Estimation Engineer I Salary $74,317 Narragansett,RI February 26, 2024
75th Percentile Cost Estimation Engineer I Salary $84,246 Narragansett,RI February 26, 2024
90th Percentile Cost Estimation Engineer I Salary $93,286 Narragansett,RI February 26, 2024
25% $67,059 10% $60,451 90% $93,286 75% $84,246 $74,317 50%(Median) Didn’t find job title? Click
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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.

Project Management 6%
Value Engineering 1.5%
AutoCAD 1.17%
Others 91.33%

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)... View full job description

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Job Openings for Cost Estimation Engineer I in Narragansett, RI

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.

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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 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Cost Estimation Engineer I, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
67059
84246
74317

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
68388
87765
76182
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 Narragansett, RI. The base salary for Cost Estimation Engineer I ranges from $67,059 to $84,246 with the average base salary of $74,317. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $68,388 to $87,765 with the average total cash compensation of $76,182.
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67059
84246

 

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About Narragansett, Rhode Island    Narragansett is a town in Washington County, Rhode Island, United States. The population was 15,868 at the 2010 census. However, during the summer mon....More

Narragansett, Rhode Island  area prices were up 1.6% from a year ago    View the Cost of Living in Narragansett, Rhode Island

Cost Estimation Engineer I Salary in popular cities: ProvidenceWarwickCranston

Skills associated with Cost Estimation Engineer I: Cost Analysis, Specification Review, Cost Estimation, Construction Estimating Software ...More

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