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Construction Cost Engineer

Job in Indianapolis, Hamilton County, Indiana, 46262, USA
Listing for: McFarland Construction U.S
Full Time position
Listed on 2026-05-27
Job specializations:
  • Engineering
    Procurement / Purchasing, Quantity Surveyor
Salary/Wage Range or Industry Benchmark: 60000 - 80000 USD Yearly USD 60000.00 80000.00 YEAR
Job Description & How to Apply Below
Location: Indianapolis

Job Summary

The Cost Control Engineer is responsible for managing and monitoring project costs and ensuring effective control and documentation of all project‑related records. This role supports project managers, engineers, and finance teams by tracking budgets, forecasting expenditures, preparing cost reports, and maintaining organized and up‑to‑date document control systems. The position ensures compliance with internal procedures and contractual requirements, enabling efficient project execution, transparency, and audit readiness.

Key Responsibilities
  • Develop and maintain project cost tracking systems and reports.
  • Monitor project budgets, forecasts, and actual expenditures.
  • Perform cost analysis and value engineering evaluations.
  • Identify cost variances and propose corrective actions.
  • Support procurement and contracts team with cost estimation and budget alignment.
  • Assist with monthly progress billing and earned value management (EVM) reporting.
  • Prepare cash flow forecasts and financial status reports.
Education & Additional Qualifications
  • Bachelor’s degree in Engineering, Construction Management, or related field.
  • 3+ years of experience in cost control and document management within engineering or construction projects.
  • Proficiency with cost management software (e.g., Primavera P6, MS Project, SAP, Oracle, etc.).
  • Experience with document control systems (e.g., Procore, SharePoint, etc.).
  • Strong analytical and organizational skills.
  • Ability to work under pressure and meet deadlines.
  • Excellent communication and reporting skills.
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