Cost Engineer

Sta. Clara International Corp.; Laguna; On-site; PHP 600,000 - 900,000; Full time

Job summary

Sta. Clara International Corp. seeks a Cost Engineer to manage project costs from inception to completion, aligning budgets with scope, materials, and labor.

The role requires preparing detailed estimates, monitoring expenditures, and coordinating with project managers, engineers, procurement teams, and contractors to minimize overruns. The ideal candidate will have a strong grasp of construction processes, contracts, and cost estimation techniques, plus 3–5 years of relevant experience.

Qualifications

• Bachelor’s degree in Engineering, Construction Management, Quantity Surveying, Finance, or related fields.
• Employers generally expect at least 3-5 years of experience for a Cost Engineer
• Strong understanding of construction processes, contracts, and cost estimation techniques.

Responsibilities

• Prepare accurate and detailed cost estimates for projects based on the scope of work, materials, labor, and other required 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 that any additional costs are accounted for.
• Assess the impact of scope changes on project costs and timeframes.
• Assist in identifying and analyzing financial risks that may impact project budgets.
• Recommend mitigation strategies for cost-related risks.
• Work closely with project managers, engineers, procurement teams, and contractors to ensure cost-related issues are addressed.
• Communicate cost-related information to stakeholders in a clear and timely manner.
• Analyze historical data and trends to identify opportunities for cost savings.
• Conduct cost-benefit analysis to recommend cost-effective solutions.

Skills

Cost estimation

Budgeting

Stakeholder communication

Education

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

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.