How much does a Cost Estimation Engineer II make in Connecticut? The average Cost Estimation Engineer II salary in Connecticut is $89,244 as of February 26, 2024, but the range typically falls between $78,906 and $102,516. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Cost Estimation Engineer II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Cost Estimation Engineer II Salary $69,495 CT February 26, 2024
25th Percentile Cost Estimation Engineer II Salary $78,906 CT February 26, 2024
50th Percentile Cost Estimation Engineer II Salary $89,244 CT February 26, 2024
75th Percentile Cost Estimation Engineer II Salary $102,516 CT February 26, 2024
90th Percentile Cost Estimation Engineer II Salary $114,599 CT February 26, 2024
25% $78,906 10% $69,495 90% $114,599 75% $102,516 $89,244 50%(Median) Didn’t find job title? Click
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What skills does a Cost Estimation Engineer II 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.

HVAC: Designing, developing, maintaining, and updating Heating, Ventilation, Air-conditioning and Cooling system.

Project Management 4.98%
Value Engineering 1.65%
HVAC 1.03%
Others 92.34%

Job Description for Cost Estimation Engineer II

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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Job Openings for Cost Estimation Engineer II in Connecticut

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Location Avg. Salary Date Updated
Location New London, CT Avg. Salary $88,242 Date Updated February 26, 2024
Location Norwich, CT Avg. Salary $88,457 Date Updated February 26, 2024
Location West Haven, CT Avg. Salary $89,732 Date Updated February 26, 2024
Location Abington, CT Avg. Salary $87,648 Date Updated February 26, 2024
Location Amston, CT Avg. Salary $88,822 Date Updated February 26, 2024
Location Andover, CT Avg. Salary $89,492 Date Updated February 26, 2024
Location Ansonia, CT Avg. Salary $89,732 Date Updated February 26, 2024
Location Ashford, CT Avg. Salary $87,727 Date Updated February 26, 2024
Location Avon, CT Avg. Salary $89,658 Date Updated February 26, 2024
Location Ballouville, CT Avg. Salary $87,518 Date Updated February 26, 2024

Career Path for Cost Estimation Engineer II

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 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 in Connecticut
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