Entry level Cost Engineer

Title:
Cost Engineer

Infinity Contracting Services, Corp. is actively seeking a highly motivated Cost Engineer for a construction project(s) located in the five boroughs of New York City. We recognize our employees are the company’s most valuable asset. Inspiration, diligence, and encouragement towards each other coupled with purposeful work lead to a rewarding career, and we are proud to provide a platform with which our employees can attain their goals.

Cost Engineer operates as a support role to the project team, providing cost control services and financials for the duration of the project. This individual is responsible for budgeting, monitoring, and forecasting the cost of construction. On a monthly basis Cost Engineer prepares and issues payment requisition packages, and provides labor production projections along with cash flow projections.

• Assign cost codes to newly established budget
• Assist the project manager with the creation and approval of the schedule of values and approval of subcontractor’s schedule of values
• Obtain approval of labor rate sheets for associated trades on the job
• Track project progress against the projected budget
• Verify cost codes applied by other project staff are correct
• Generate monthly cost reports to track expenditures and distribute to the project team
• Prepare monthly cash flow projections
• Provide analysis on production rates
• Create final job cost report upon the project’s completion and submit it to the CEO for approval
• Identify and establish payment requirements for different clients
• Review and process subcontractor’s payment packages
• Generate monthly payment requisitions and prepare associated backups
• Track the approval progress
• Review project documents (RFIs, submittals, bulletins, etc.) to identify contract scope impacts
• Maintain change event and change order log in Procore
• Prepare the change orders and collect required backup documents
• Negotiate and submit change orders to the client
• Review and assist with approval of subcontractor change orders
• Track change order status
• Assist the Project Manager with buy-outs
• Perform market research and analysis for vendor selection
• Cost code and issue purchase orders
• Cost code and approve invoices
• Assign cost codes to activities and procured items

• Bachelor’s Degree in Engineering or related to construction and engineering fields
  - Not required.
• Critical thinking
• Strong oral and written communication
• Excellent time management skills
• Strong math skills

• 401 (k)
• 401 (k) matching
• Dental Insurance
• Health Insurance
• Vision Insurance
• Life Insurance
• Opportunities for advancement