Cost Engineer. Construction​/Development

Position Title

Cost Engineer, Construction/Development

Park City, UT

Reef Capital is a Utah‑based investment and development firm involved in prominent development transactions across the United States.

Reef is seeking a Cost Engineer to lead cost management across multiple development projects, including cost estimating, cost control, and analysis.

• Lead project and program estimating efforts while maintaining corporate cost databases and reference materials.
• Track, analyze, and report project costs to support development decisions and opportunity evaluation.
• Review design scope, quantities, and estimate assumptions for accuracy; develop conceptual scopes when needed.
• Oversee preparation and validation of cost estimates, ensuring consistency across projects and disciplines.
• Establish pricing structures, cost formats, risk assessments, and confidence levels.
• Prepare and review direct and indirect cost estimates, including labor, equipment, temporary facilities, and external factors.
• Perform productivity analysis and validate labor and production assumptions.
• Support procurement by developing bid criteria, evaluating bids, and participating in vendor discussions.
• Maintain and update cost data, vendor pricing, and unit rate information.
• Conduct cost studies, trend analyses, and benchmarking using historical data and statistical methods.
• Implement performance measurement systems and identify opportunities for process improvement.
• Define and enforce project cost control standards, ensuring accurate tracking, reporting, and compliance.
• Oversee cost reporting, ensuring accuracy, consistency, and alignment with management requirements.
• Review designs for cost efficiency and recommend value engineering alternatives.
• Coordinate scope integration, cost inputs, and overall project planning across teams.
• Interface with leadership, finance teams, and external stakeholders to present cost insights.
• Collaborate with project managers, engineering teams, and leadership to maintain alignment.
• Plan and lead reporting cycles, meetings, and communication with stakeholders.
• Recommend staffing plans and resource requirements for cost engineering and project controls.
• Support training and development of cost engineering processes and best practices.

• Bachelor’s degree in Engineering (Civil, Mechanical, Industrial, Electrical, or related) or a closely related discipline is required.
• 5–10 years of experience in cost engineering, including estimating, control, and analysis in both field and home office environments.
• Experience establishing and using cost reference databases to build a corporate cost reference library.
• Knowledge of supervision, personnel administration, and training of technical and non‑technical personnel.
• Statistical knowledge in sampling, distributions, probability, and hypothesis testing for metrics.
• Strong oral and written communication skills.
• Proficiency with PC operating systems and engineering/cost‑engineering related programs.
• Knowledge of financial reporting systems, controller account codes, and understanding of controller instructions that impact project controls.
• Intermediate knowledge of engineering, procurement, contracts, construction, and startup work processes.

• 401(k) Plan with company match
• Generous health plan with HSA match
• Flexible paid time‑off
• Daily company lunches
• Cell phone service allowance
• Discounts at company‑owned resorts and golf courses

$100,000 – $150,000 per year