Cost Engineer (Mechanical)

SMEDD Corp.; Philippines; On-site; PHP 600,000 - 900,000; Full time

Job summary

SMEDD Corp. in the Philippines is seeking a Budget and Cost Control professional to oversee project initiation, budgeting, and cost performance for development projects.

You will coordinate with Construction and Project Managers, validate budgets, monitor KPI metrics, and ensure alignment with approved budgets while updating variance analyses.

Qualifications

• Bachelor’s degree in Mechanical Engineering is required.
• A professional license relevant to the field is preferred.
• Typically 2 years related experience in project/cost control.
• Knowledge of basic construction processes is expected.
• Willing to be assigned at MOA, Pasay.

Responsibilities

• Oversees preparation and approval of budgets for development projects.
• Prepares initial budgets for new development, redevelopment and improvements.
• Monitors cost performance and analyzes budget variances against KPIs.
• Validates WBS and aligns budgets with initial plans.

Skills

Project coordination

Budget planning

Cost control

Risk assessment

Education

Bachelor’s degree in Mechanical Engineering

Professional license

Tools

SAP

MTWO

SAP HANA

Job description

JOB DESCRIPTION

Project Initiation

• Monitors the preparation and approval of Rate Cards and General Construction Works Provisional Contract and provides tracker to ensure timely schedule or within the specified schedule

Budget Preparation

• Participates in meetings related to pre-construction activities (Coordinating Division, Internal & External Relationships)

• Prepares initial budget for New Development projects including Redevelopment and Improvement projects based on Design’s conceptual/schematic plan for approval

• Liaises with Construction Manager and Project Manager for specific materials/items based on the estimated listed items on the budget

• Ensures creation of Detailed Budget is within approved parameters set in Initial Budget; assess the validity of the cost variance in terms of deviation from the original intent from Initial Budget.

• Reviews and assess the detailed budgets provides Budget tracker to ensure timely schedule or within the specified schedule

Cost Control Management

• Reviews and analysis of “Request for Budget Movement” for correctness prior to Budget Head’s recommending approval

• Prepares actual cost performance of completed projects in comparison with the established KPI (eg. Cost per sq.m, Cost per TR, Cost per KW, Cost per KVA, ratio of concrete to BUA, ratio of rebar [kg] to concrete [cu.m])

• Evaluates actual cost accomplishment versus approved contract/budget

• Updates of Parametric Costs yearly (for New Mall Development, Redevelopment and Improvements)

Risk Management

• Identifies the potential project and contract risks/issues and recommends possible solutions

• Understands the process and utilizes the standard techniques and tools in risk identification and analysis

Technology Proficiency (SAP, MTWO, SAP HANA)

• Validates the SAP Budget Report vs the physical Approved Budget

• Reviews and analyze the Work Breakdown Structure (WBS) form submitted by other groups/teams in conformance to Approved Budget, re-align as necessary

JOB REQUIREMENT

• Bachelor’s degree in Mechanical Engineering

• Professional license relevant to the field

• Preferably with 2 years related experience

• Knowledgeable in Basic Construction

• Willing to be assigned at MOA, Pasay