£35,494
Avg. Salary
£47.00
Avg. Hourly Rate

Average additional compensation:

£1,532

Bonus

£850

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Cost Engineer is £47.00 per hour.

The average pay for a Cost Engineer is £35,494 per year.

£0.00
10%
£47.00
50%
£0.00
90%
MEDIAN £47.00
£23k
10%
£35k
50%
£51k
90%
MEDIAN £35,494
£22,503 - £51,425
£23K
£35K
£51K
MEDIAN: £35,494
10%
50%
90%
£0£55K
Salary £22,503 - £51,425
Bonus £511 - £6,851
Profit Sharing £850
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).
)
£23,304 - £55,468
  • Country: United Kingdom
  • Currency: GBP
  • Updated: 12 Feb 2019
  • Individuals Reporting: 102

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.

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Cost Engineer Job Listings

Pay Difference by Location

24%

National Average: £36,356

Larger city markers indicate a job is popular in that location.

Cost Engineer Advice

Q: What is it like working as a Cost Engineer?

Cost Engineer in Farnborough:
"Focus On Planning."
Understand how the role fits in with the big picture of the project controls skill set covering estimating, planning and cost control.

Related Job Salaries

Key Stats for Cost Engineer

Gender

Female
17 %
Male
83 %
Less than 1 year
3%
1-4 years
40%
5-9 years
26%
10-19 years
24%
20 years or more
8%

Experience Affects Cost Engineer Salaries

▲36%

▲6%

National Average
₤36,000

▼11%

Skills That Affect Cost Engineer Salaries

Cost Accounting
▲9%

National Average
₤36,000


Gender

Female
17 %
Male
83 %

Years of Experience

Less than 1 year
3%
1-4 years
40%
5-9 years
26%
10-19 years
24%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 47%
dental benefits
Dental: 14%
vision benefits
Vision: 11%
no benefits
None: 52%