Cost Estimation Engineer III Salary in Illinois

Cost Estimation Engineer III 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 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 requires interface with project management, engineering, and procurement departments. 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 2021 Salary.com)...View full job description

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