Cost Engineer

Sta. Clara International Corp.; Bohol; On-site; PHP 350,000 - 700,000; Full time

Job summary

Sta. Clara International Corp. is seeking a Cost Engineer to manage and control project costs from inception to completion.

The role requires a technical and financial skill set to prepare estimates, budgets, and cost-control reports. You will work closely with project managers, engineers, procurement teams, and contractors to address cost-related issues and identify opportunities for cost savings. A 3–5 year background in cost engineering is preferred, with a focus on construction processes and

Qualifications

• Bachelor's degree in Engineering, Construction Management, Quantity Surveying, Finance, or related fields.
• 3–5 years of experience as a Cost Engineer or similar role.
• Strong understanding of construction processes, contracts, and cost estimation techniques.

Responsibilities

• Prepare accurate and detailed cost estimates for projects based on scope, materials, labor, and resources.
• Assist in developing project budgets and funding plans.
• Monitor project expenditures to ensure they align with the approved budget.
• Identify potential cost overruns and take corrective actions.
• Prepare and update cost control reports regularly.
• Evaluate and process change orders and claims, ensuring additional costs are accounted for.
• Assess impact of scope changes on costs and timeframes.
• Assist in identifying and analyzing financial risks impacting budgets.
• Recommend mitigation strategies for cost-related risks.
• Collaborate with project managers, engineers, procurement, and contractors to address cost issues.
• Communicate cost-related information to stakeholders in a timely manner.
• Analyze historical data to identify opportunities for cost savings.
• Conduct cost-benefit analyses to recommend cost-effective solutions.

Skills

Cost estimation

Budgeting

Cost control

Financial risk analysis

Stakeholder communication

Contract awareness

Education

Bachelor’s degree in Engineering/Construction Management/Quantity Surveying/Finance

Job description

Cost Engineer is a specialized role within engineering and construction projects, responsible for managing and controlling costs associated with projects, from inception to completion. The role often requires a mix of technical, financial, and analytical skills.

Qualifications:

1. Bachelor’s degree in Engineering, Construction Management, Quantity Surveying, Finance, or related fields.

1. Employers generally expect at least 3-5 years of experience for a Cost Engineer

1. Strong understanding of construction processes, contracts, and cost estimation techniques.

Detailed Job Description:

1. Prepare accurate and detailed cost estimates for projects based on the scope of work, materials, labor, and other required resources.

1. Assist in developing project budgets and funding plans.

1. Monitor project expenditures to ensure they align with the approved budget.

1. Identify potential cost overruns and take corrective actions.

1. Prepare and update cost control reports regularly.

1. Evaluate and process change orders and claims, ensuring that any additional costs are accounted for.

1. Assess the impact of scope changes on project costs and timeframes.

1. Assist in identifying and analyzing financial risks that may impact project budgets.

1. Recommend mitigation strategies for cost-related risks.

1. Work closely with project managers, engineers, procurement teams, and contractors to ensure cost-related issues are addressed.

1. Communicate cost-related information to stakeholders in a clear and timely manner.

1. Analyze historical data and trends to identify opportunities for cost savings.

1. Conduct cost-benefit analysis to recommend cost-effective solutions.