Cost Engineer

First Balfour, Inc.; Kidapawan; On-site; PHP 420,000 - 640,000; Full time

Job summary

First Balfour, Inc. is seeking a Cost Engineer to manage and control project costs in reference to tender budgets, ensuring commercial functions are executed per contract requirements and that project outcomes align with stakeholder expectations.

This role requires a degree in Civil/ Electrical/ Mechanical Engineering, at least 2 years of construction cost experience, strong SAP/AutoCAD/MS Excel skills, and proficient English communication to coordinate with PMT, vendors, and clients.

Qualifications

• Bachelor's degree in civil, electrical or mechanical engineering.
• At least 2 years of construction experience specializing in quantity surveying, cost analysis, and contract evaluation.
• Advanced knowledge in SAP, AutoCAD and MS Excel.
• Good English communication skills, oral and verbal.

Responsibilities

• Manage and control the Project cost in reference to the tender budget.
• Implement commercial functions and ensure project delivery based on contract requirements.
• Budget preparation: cost split, project budget allocation, SAP setup, budget rehash/re-allocation.
• Commercial monitoring and control: measure work, monitor revenue, cash, cost, risks and opportunities, and issues for management.
• Contract management: variations, interim payments, closeout procedures, and joint venture compliance.
• Subcontract management: coordinate procurement, pre-order meetings, subcontracts, and vendor performance.

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 2 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