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"Cost engineering practitioners tend to be: a) specialized in function (e.g., cost estimating, planning and scheduling, etc.); b) focused on either the asset management or project control side of the TCM process; and c) focused on a particular industry (e.g., engineering and construction, manufacturing, information technology, etc) or asset ...
In cost engineering, cost estimation is a basic activity. A cost engineering reference book has chapters on capital investment cost estimation and operating cost estimation. The fixed capital investment provides the physical facilities. The working capital investment is a revolving fund to keep the facilities operating. [4]
The licenses and level of education that come with working as a Facilities Engineer relates to different positions such as Mechanical Engineer, Civil Engineer, or working as a construction manager in major or minor projects. [18] The salary is dependent on position, degree level, and the number of years of experience.
Certified Manufacturing Engineer (CMfgE) is an engineering qualification administered by the Society of Manufacturing Engineers, Dearborn, Michigan, USA. Candidates qualifying for a Certified Manufacturing Engineer credential must pass a four-hour, 180-question multiple-choice exam which covers more in-depth topics than the CMfgT exam.
In the construction industry, a quantity surveyor (QS) is a professional with expert knowledge of construction costs and contracting.Qualified professional quantity surveyors can be known as Chartered Surveyors (Members and Fellows of RICS) in the UK and Certified Quantity Surveyors (a designation of the Australian Institute of Quantity Surveyors) in Australia and other countries.
A building estimator or cost estimator is an individual that quantifies the materials, labor, and equipment needed to complete a construction project. Building cost estimating can concern diverse forms of construction from residential properties to hi-rise and civil works.
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