Cost Engineer

2 days ago

Quezon City, Philippines Erm Builder Full time

Responsibilities

  • Cost Estimation: Prepare Cost Estimates: Develop accurate and detailed cost estimates for construction projects, including labor, materials, equipment, and overhead costs.
  • Cost Estimation: Assess Project Scope: Analyze project blueprints, specifications, and other documents to prepare realistic cost estimates for project budgets.
  • Cost Estimation: Review Tender Proposals: Review and evaluate tender submissions and bid proposals from contractors and suppliers to ensure cost-effectiveness and compliance with project specifications.
Budget Development and Management

  • Create and Manage Budgets : Establish and maintain project budgets, ensuring accurate allocation of resources to avoid cost overruns.
  • Cost Monitoring : Track project expenditures and compare them against the approved budget, identifying and addressing any discrepancies.
  • Value Engineering : Suggest cost-saving measures or value engineering options without compromising quality, safety, or project timelines.
Cost Control and Reporting

  • Track Cost Variances : Identify and analyze any cost variances between budgeted and actual expenditures. Provide regular reports on cost status to senior management.
  • Forecasting : Provide accurate forecasts for future project costs and expenditures, anticipating potential financial challenges.
  • Change Order Management : Review and process change orders from contractors, assessing their financial impact on the project and ensuring they are incorporated into the project’s budget and schedule.
Contract and Vendor Management

  • Contract Analysis : Review contracts with suppliers, contractors, and subcontractors to ensure that they are in line with project budgets and timelines.
  • Negotiations : Negotiate cost-effective contracts with vendors and suppliers, ensuring the best value for money for materials, labor, and equipment.
  • Procurement Support : Support procurement teams in sourcing materials and services while ensuring cost control measures are in place.
Project Documentation and Record Keeping

  • Maintain Cost Records : Ensure that all cost-related documents, contracts, invoices, and receipts are accurately recorded and easily accessible.
  • Prepare Reports : Generate periodic financial reports and cost analysis documents for project stakeholders, providing insights into project cost status, risks, and performance.
Risk Management

  • Identify Financial Risks : Anticipate potential risks that could affect the financial aspects of a project, such as cost overruns, delays, or unforeseen expenses.
  • Implement Mitigation Strategies : Propose strategies to minimize financial risks and ensure that projects stay on budget.
Collaboration and Communication

  • Coordinate with Project Teams : Work closely with project managers, architects, engineers, and other stakeholders to align on project goals and cost management strategies.
  • Stakeholder Communication : Communicate effectively with internal and external stakeholders, ensuring that project budgets and cost information are clearly understood and adhered to.
  • Client Reporting : Provide clients with regular updates on project costs, ensuring transparency and building trust.
Qualifications

  • Must be Graduate of Civil Engineer or Construction Management
  • Experience in project with high voltage transmission line
  • Preferably Licensed if Civil / Construction Engineer
  • Can communicate in Both English and Tagalog fluently
  • Must have at least 1- 3 years working experience Officer/ Supervisory level
  • Can work on Site (SAMPALOC Tanay, Rizal)
  • Working days: Monday to Friday
  • Working hours: 8:00 am - 5:00 pm
  • Work condition: On site
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