Cost Engineer

Job Title

Key Responsibilities:

• Cost Estimation & Budgeting:
  • Develop detailed cost estimates and budgets for construction projects, including labor, materials, equipment, and subcontractor costs.
  • Collaborate with estimators and project teams to analyze scope and ensure alignment with financial goals.
• Cost Control & Reporting:
  • Monitor and analyze project costs, identifying variances and implementing corrective measures.
  • Prepare and present regular cost reports, forecasts, and financial summaries to stakeholders.
• Procurement & Contract Management:
  • Review and approve purchase orders, invoices, and subcontractor agreements.
  • Negotiate pricing and terms with vendors and subcontractors to achieve cost savings.
• Project Financial Oversight:
  • Track and allocate resources to ensure optimal budget utilization.
  • Manage change orders, contingencies, and under-billings to maintain financial accuracy.
• Collaboration & Communication:
  • Act as a liaison between project managers, accounting teams, and business operations to ensure seamless financial management.
  • Provide guidance on cost implications of design and construction decisions.