How much does a Cost Estimation Engineer III make in the United States? The average Cost Estimation Engineer III salary in the United States is $104,617 as of January 26, 2024, but the range typically falls between $91,738 and $120,444. 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 III Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer III Salary $80,012 US January 26, 2024
25th Percentile Cost Estimation Engineer III Salary $91,738 US January 26, 2024
50th Percentile Cost Estimation Engineer III Salary $104,617 US January 26, 2024
75th Percentile Cost Estimation Engineer III Salary $120,444 US January 26, 2024
90th Percentile Cost Estimation Engineer III Salary $134,854 US January 26, 2024
25% $91,738 10% $80,012 90% $134,854 75% $120,444 $104,617 50%(Median) Didn’t find job title? Click
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Check out Cost Estimation Engineer jobs in Ashburn, Virginia

Estimator/Purchasing Agent

Dominion Custom Homes LLC - Charlottesville, VA

Planner Estimator I, II, III

Prism Maritime - Chesapeake, VA

Electrical Estimator

Ace Electric Co., Inc. - Henrico, VA

Cost Estimator

Keville Enterprises Inc. - Herndon, VA

What skills does a Cost Estimation Engineer III 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.

Experimenting: a test or investigation, esp one planned to provide evidence for or against a hypothesis: a scientific experiment.

2.

Health care: Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in people.

3.

New Product Development: In business and engineering, new product development (NPD) covers the complete process of bringing a new product to market. A central aspect of NPD is product design, along with various business considerations. New product development is described broadly as the transformation of a market opportunity into a product available for sale. The product can be tangible (something physical which one can touch) or intangible (like a service, experience, or belief), though sometimes services and other processes are distinguished from "products." NPD requires an understanding of customer needs and wants, the competitive environment, and the nature of the market. Cost, time and quality are the main variables that drive customer needs. Aiming at these three variables, innovative companies develop continuous practices and strategies to better satisfy customer requirements and to increase their own market share by a regular development of new products. There are many uncertainties and challenges which companies must face throughout the process. The use of best practices and the elimination of barriers to communication are the main concerns for the management of the NPD .[citation needed]

Experimenting 0.01%
Health care 0.01%
New Product Development 0.01%
Others 99.97%

Job Description for Cost Estimation Engineer III

Cost Estimation Engineer III 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 III 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 III coordinates with project management, engineering, procurement and other project stakeholders. Requires a bachelor's degree. Typically reports to a manager. The Cost Estimation Engineer III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Cost Estimation Engineer III typically requires 4-7 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Cost Estimation Engineer III

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 III, the upper level is Cost Estimation Engineer IV and then progresses to Cost Estimation Engineer V.

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Cost Estimation Engineer III salary varies from city to city. Compared with national average salary of Cost Estimation Engineer III, the highest Cost Estimation Engineer III salary is in San Francisco, CA, where the Cost Estimation Engineer III salary is 25.0% above. The lowest Cost Estimation Engineer III salary is in Miami, FL, where the Cost Estimation Engineer III 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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Average Base Salary

Core compensation

 
 
 
91738
120444
104617

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
94311
126816
107776
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Cost Estimation Engineer III in the United States. The base salary for Cost Estimation Engineer III ranges from $91,738 to $120,444 with the average base salary of $104,617. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $94,311 to $126,816 with the average total cash compensation of $107,776.
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91738
120444

 

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Skills associated with Cost Estimation Engineer III: ERP Systems, Construction Estimating, Cost Analysis, Manufacturing Fabrication ...More

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