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A cost engineer is an engineer whose judgment and experience are utilized in the application of scientific principles and techniques to problems of estimation; cost control; business planning and management science; profitability analysis; project management; and planning and scheduling.. Contents.ost engineering is a field of engineering practice that began in the 1950s (AACE International was founded in 1956). The skills and knowledge areas of Cost Engineers are similar to those of Quantity Surveyors.
1 Basic jobs such as an inspection could run $200 to $500. 2  According to fixr.com, a structural engineer would usually ask for about 8% of the total construction project cost. 3  Homewyse.com suggested that the hourly rate of a Structural Engineer ranges from $67 to $100. According to fixr.com, a structural engineer would usually ask for about 8% of the total construction project cost. 2  Homewyse.com suggested that the hourly rate of a Structural Engineer ranges from $67 to $100. 3  The engineer is going to be able to analyze, inspect and discuss the structural soundness of your home.