Project Cost Estimation Engineer (225-613)

As a Project Cost Estimation Engineer, you will play a critical role in ensuring that our projects are both financially viable and executed within budgetary constraints. Your expertise in cost estimation will be utilized across various stages of project development, from initial concept through to completion. You will be responsible for creating detailed cost estimates that encompass labor, materials, equipment, and other project-related expenditures. By working closely with project managers, engineers, architects, and procurement teams, you will ensure that all financial aspects of the projects are meticulously planned and recorded. Your skills in analyzing financial data, predicting costs, and generating accurate forecasts will be vital to the success of our projects. In addition, your role will involve monitoring costs and implementing strategies to manage cost overruns, thereby enhancing project profitability and efficiency.

Responsibilities

• Develop comprehensive cost estimates for various phases of construction projects.
• Collaborate with project managers and engineers to define budgetary requirements.
• Analyze project specifications, drawings, and other documents to understand scope.
• Evaluate and forecast project costs through data analysis and calculations.
• Maintain and update a cost database for consistent estimation practices.
• Conduct risk assessments to predict potential cost escalations or savings.
• Coordinate with vendors and suppliers for accurate pricing of materials and labor.
• Prepare detailed reports summarizing cost estimations and findings.
• Present cost estimation proposals and justifications to stakeholders.
• Ensure compliance with industry standards and financial best practices.
• Monitor ongoing project costs and adjust estimates as necessary to manage scope changes.
• Provide training and mentorship to junior estimators on cost estimation techniques.

Requirements

• Bachelor’s degree in Engineering, Construction Management, or a related field.
• Proven experience as a Cost Estimation Engineer in relevant industries.
• Strong analytical and mathematical skills for accurate cost forecasting.
• Proficiency in cost estimation software and project management tools.
• Excellent communication skills for effective collaboration with team members.
• Ability to interpret engineering designs and specifications for precise cost planning.
• Detail-oriented with a focus on identifying potential cost-saving opportunities.