Senior Cost Engineer

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Location:

Park City, UT;
Occasional travel to Lehi HQ and other Reef project sites.

Salary: $150,000 per year.

Reef is a Utah-based vertically integrated investment and development firm founded in 2005, with three primary lines of business:
Investments, Real Estate, and Lifestyle. Reef’s team is involved in high‑profile development transactions across the United States. The company has completed more than 500 transactions, grown to over 400 employees, and manages assets for more than 750 institutional and individual partners worldwide. Reef’s notable projects include Black Desert Resort in Ivins, Utah;
Marcella in Park City, Utah;
Tributer Resort in Virginia;
Cornerstone Club in Telluride, Colorado;
Sweetens Cove in Tennessee; and the restoration of the historic Coco Palms Resort in Wailua, Kauai, Hawaii.

Reef is seeking a Senior Cost Engineer to lead cost management across multiple development projects, supporting the company’s growth. The Senior Cost Engineer supervises cost estimating, cost evaluations, baseline cost reviews, and contractor and supplier cost analyses. Responsibilities include maintaining corporate cost reference databases, reviewing invoices, and overseeing cost engineering activities to drive accuracy, accountability, and financial efficiency throughout the project lifecycle.

• Lead program and project estimating activities while maintaining Reef's corporate cost resources and reference library for multiple development project types.
• Track and report project costs; input cost metrics used to evaluate development opportunities.
• Review design scope criteria, quantities, and estimate bases for completeness and reasonableness; establish conceptual scopes when definition is limited.
• Supervise preparation of cost estimates and verify scope, quantity, and cost comparisons across projects.
• Coordinate pricing structures and cost criteria for all disciplines; establish summary formats, cost segregation, confidence levels, and risk identification.
• Prepare or review distributable and indirect cost estimates, including temporary facilities, equipment, field services, taxes, and foreign currency/exchange rate considerations.
• Conduct productivity analysis, establish productivity baselines, and review labor estimates for reasonableness.
• Develop bid evaluation cost and schedule criteria, perform bid evaluations, and participate in vendor discussions when needed.
• Maintain and update cost data files, vendor cost information, and material unit rate applications.
• Prepare cost studies using historical data, statistics, and cost/quantity comparisons; develop innovative analytical techniques as needed.
• Prepare cost trend estimates and support cost trend programs.
• Implement measurement systems, analyze performance metrics using statistical tools (regression, ANOVA, correlation), and identify system improvements, including bias and stability issues.
• Identify cost analysis needs and recommend development or modification of cost engineering data standards.
• Direct or perform cost analysis activities across projects.
• Define project cost control requirements in alignment with Reef standards, contracts, and objectives.
• Supervise timely execution of cost control activities and ensure cost recording, monitoring, and reporting practices comply with standards.
• Oversee the development, accuracy, and consistency of cost engineering reports; issue reports required by Reef management and project procedures.
• Review designs and specifications for cost effectiveness and recommend alternatives.
• Supervise the collection, verification, and integration of work scope across all entities into a total project plan.
• Coordinate information input into studies, integrate total work scope, evaluate results, and recommend conclusions.
• Supervise or direct project schedule staffing and quantity reporting.
• Interface with Reef management, project finance teams, and lenders for cost presentations.
• Maintain strong working relationships with Project Directors, Project Managers, discipline leads, and engineering teams.
• Plan reports and meetings to ensure ongoing…