Cost Engineer

First Balfour, Inc.; Kananga; On-site; PHP 600,000 - 900,000; Full time

Job summary

First Balfour, Inc. is seeking a Cost Engineer to manage project costs in line with tender budgets and contract requirements. You will oversee commercial functions to ensure on-time delivery.

The role emphasizes budget preparation, cost monitoring, contract and subcontract management, and collaboration with PMT and vendors to control risks and optimize financial performance.

Qualifications

• Bachelor's degree in Civil, Electrical or Mechanical Engineering.
• 3-5 years construction experience in quantity surveying, cost analysis and contract evaluation.
• Advanced knowledge in SAP, AutoCAD and MS Excel.
• Preferably with geothermal, hydropower and binary power plant experience.
• Good English communication skills, oral and written.

Responsibilities

• Manage and control project cost in reference to tender budget and ensure compliance with contract requirements.
• Implement commercial functions and ensure project delivery per contract terms.
• Prepare budget: cost split, SAP setup and budget reallocation.
• Monitor revenue, cash, cost, risks, and opportunities; report to Management.
• Apply cost control measures to keep resources within budget.
• Coordinate with PMT and Punchlist Crew on client close-out requirements.
• Handle variations and claims on contracts.
• Manage subcontracts and major vendor accounts and monitor performance.
• Process interim payment applications.
• Assist PMT in assessing vendor/subcontractor performance.

Skills

Analytical abilities

MS Excel

SAP

AutoCAD

English communication

Education

Bachelor's Degree in Civil, Electrical or Mechanical Engineering

Tools

SAP

AutoCAD

MS Excel

Job description

QUALIFICATIONS:

• Bachelor's Degree in Civil, Electrical or Mechanical Engineering.

• At least 3-5 years of construction experience specializing in quantity surveying, cost analysis, and contract evaluation.

• Highly capable of analyzing project and business operations performance metrics.

• With advanced knowledge in SAP, AutoCAD and MS Excel.

• Preferably with experience in geothermal, hydropower and binary power plant works.

• With good English communication skills, oral and verbal.

JOB DESCRIPTION:

The Cost Engineer is responsible for managing and controlling the Project cost in reference to the tender budget. He / She is responsible for the implementation of commercial functions and ensures that the Project is delivered based on Contract requirements.

BUDGET PREPARATION

• Cost Split and Project Budget Allocation

• Set-up SAP System Structure

• Budget Rehash / Re-allocation

COMMERCIAL MONITORING AND CONTROL

• Measurement of Work

• Monitor and submit reports related to revenue, cash, cost, risks and opportunities, and commercial issues for proper action of Management

• Practice cost control measures and ensure that resources requested and allocated for the Project are within the budget

• Coordinate with the PMT including the Punchlist Crew all the closing - out requirements of the client.

CONTRACT MANAGEMENT

• Variations and Claims on Contract

• Interim Payment Application

• Initiate contract closeout procedures in an appropriate amount of advance time prior to expected completion and final payment of the Project.

• Ensure compliance to the terms and requirements of any Joint Venture or Consortium Agreement in place between the Company and others on the Project.

• Bonds and Insurances

SUBCONTRACT MANAGEMENT

• Closely coordinate with HO Procurement, Project Manager and Project Procurement Specialist in preparing and providing detailed and timely subcontract or major supply enquiries to meet Project requirements.

• Participate in the Pre-order meetings with Vendors/Subcontractors to ensure that Project Commercial risks and opportunities are covered.

• Manage subcontracts and major Vendor/Subcontract accounts including resolving variations and claims.

• Payment of Subcontract Accounts

• Monitor subcontractors and major vendor’s performance against contractual documents in coordination with Operations staff

• Assist and provide inputs to the Project Management Team in assessing the Vendor or Subcontractor’s Performance for the project