FIRE is a compact, high field tokamak being studied as an option for the next step in the US magnetic fusion energy program. FIRE's programmatic mission is to attain, explore, understand, and optimize alpha-dominated plasmas to provide the knowledge necessary for the design of attractive magnetic fusion energy systems. This study began in 1999 with broad participation of the US fusion community, including several industrial participants. The design under development has a major radius of 2 m, a minor radius of 0.525 m, a field on axis of 10T and capability to operate at 12T with upgrades to power supplies. Toroidal and poloidal field magnets are inertially cooled with liquid nitrogen. An important goal for FIRE is a total project cost in the $1B range. This paper presents an overview of the engineering details which were developed during the FIRE preconceptual design study in FY99 and 00.