How much does a Cost Estimation Engineer II make in Boston, MA? The average Cost Estimation Engineer II salary in Boston, MA is $93,134 as of March 26, 2024, but the range typically falls between $82,347 and $106,982. 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.
Percentile | Salary | Location | Last Updated |
10th Percentile Cost Estimation Engineer II Salary | $72,526 | Boston,MA | March 26, 2024 |
25th Percentile Cost Estimation Engineer II Salary | $82,347 | Boston,MA | March 26, 2024 |
50th Percentile Cost Estimation Engineer II Salary | $93,134 | Boston,MA | March 26, 2024 |
75th Percentile Cost Estimation Engineer II Salary | $106,982 | Boston,MA | March 26, 2024 |
90th Percentile Cost Estimation Engineer II Salary | $119,590 | Boston,MA | March 26, 2024 |
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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.
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.
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.
HVAC: Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.
Cost Estimation Engineer II 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 II 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 II coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer II occasionally directed in several aspects of the work. Gaining exposure to some of the complex tasks within the job function. To be a Cost Estimation Engineer II typically requires 2-4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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For Cost Estimation Engineer II, the upper level is Cost Estimation Engineer III and then progresses to Cost Estimation Engineer IV.
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Cost Estimation Engineer II salary varies from city to city. Compared with national average salary of Cost Estimation Engineer II, the highest Cost Estimation Engineer II salary is in San Francisco, CA, where the Cost Estimation Engineer II salary is 25.0% above. The lowest Cost Estimation Engineer II salary is in Miami, FL, where the Cost Estimation Engineer II salary is 3.5% lower than national average salary.
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Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Cost Accountant II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Cost Engineer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Cost Engineer II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Cost Engineer III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Cost Estimation Engineer I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Cost Estimation Engineer II salary of your education level.
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About Boston, Massachusetts Boston has an area of 89.63 square miles (232.1 km2)—48.4 square miles (125.4 km2) (54%) of land and 41.2 square miles (106.7 km2) (46%) of water. The....More
Boston, Massachusetts area prices were up 2.5% from a year ago View the Cost of Living in Boston, Massachusetts
Cost Estimation Engineer II Salary in popular cities: Worcester, Springfield, Lowell
Skills associated with Cost Estimation Engineer II: Make To Order, Build To Stock, Material Requirements Planning, Project Estimation ...More
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