Project Cost Estimation Engineer 31O25

A Project Cost Estimation Engineer plays a crucial role in any construction or engineering project by providing accurate cost forecasts. They analyze all aspects of a project, from materials and human resources to time and potential risks. Developing a comprehensive understanding of the project's scope, they ensure that estimates are precise and align with the financial goals of the organization. Their expertise not only aids in budget creation but also supports decision making and minimizes financial risks. By keeping abreast of industry changes and technological improvements, Project Cost Estimation Engineers help organizations achieve profitability and efficiency while maintaining quality standards.

Responsibilities

• Develop and maintain detailed project cost estimates for construction projects.
• Analyze project requirements and assess financial feasibility and profitability.
• Coordinate with project managers to ensure alignment on project scope and costs.
• Evaluate material, labor, and equipment cost data for accuracy and relevance.
• Create cost databases and ensure information is up-to-date and actionable.
• Prepare comprehensive project cost reports for senior management review.
• Monitor project progress and update cost estimates based on current data.
• Identify potential financial risks and propose solutions to mitigate those risks.
• Collaborate with procurement teams to source cost-effective materials and services.
• Utilize industry-standard software tools for cost estimation and analysis tasks.
• Participate in project meetings to provide cost-related insights and updates.
• Ensure compliance with company policies and industry regulations in all estimates.

Requirements

• Bachelor's degree in Engineering, Construction Management, or related field required.
• Proven experience in cost estimation within the construction or engineering industry.
• Familiarity with estimation software such as CostX, Sage, or similar tools.
• Strong analytical skills with an ability to interpret complex project data.
• Excellent communication skills for effective stakeholder and team collaboration.
• Attention to detail and a commitment to deliver accurate and reliable estimates.
• Ability to manage multiple projects and meet tight deadlines effectively.