Cost Engineer Salary (United Arab Emirates)
The average pay for a Cost Engineer is AED 156,933 per year. Experience strongly influences salary for this job. People in this job generally don't have more than 20 years' experience.
|Range||AED 0AED 411K|
|Salary||AED 17,879 - AED 411,060|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|AED 47,678 - AED 411,060|
Job Description for Cost Engineer
Cost engineers focus on cost management for companies, helping estimate expenses and monitoring projects to ensure resources are maximized. These professionals may work on a specific project or projects for their organization, and they may specialize within a specific field (such as construction cost estimator and software project manager). Cost engineers typically work in an office environment during regular business hours. Their day-to-day tasks include planning new projects, consulting with colleagues on cost-related issues, conducting cost control for existing projects, and ensuring quality control for existing projects. Cost engineers analyze proposals and documents to prepare the time, cost, and labor estimates for their company as well. They are required to report their progress to their supervisor, and they may need to give presentations related to costs for managers in their company; in making presentations and presenting analyses, cost engineers must be capable of explaining technical concepts to a variety of audiences.Read More...
Most cost engineer positions require at least a bachelor's degree in a related field, such as business administration, mechanical engineering, construction management, or accounting. Exceptional math and communication skills are needed, as is previous experience in a similar position. Prior industry experience is commonly preferred. Cost engineers must work well in a team environment, as well as on their own with minimal supervision. They must also have strong multitasking and project-management skills. (Copyright 2018 PayScale.com)
Cost Engineer Tasks
- Analyzes maps, blueprints, photos, charts, and other data to estimate costs.
- Reviews raw materials and labor requirements for budget purposes.
- Assesses cost effectiveness of products and projects.
- Confers with other staff to adjust cost estimates.
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