Cost Control Engineer - Construction

Job Description

• Assist in the preparation of the project’s initial cost estimates and overall project budget.
• Review and validate construction cost estimates provided by contractors, subcontractors, and suppliers.
• Ensure that all estimates are aligned with scope and project specifications.

• Track and monitor project expenditures, including labor, materials, equipment, and subcontractor costs.
• Conduct regular cost variance analysis, identifying discrepancies between actual costs and budgeted costs.
• Ensure that change orders, contract amendments, and cost adjustments are accurately documented and incorporated into the project’s cost control system.

• Prepare monthly cost reports for project management and stakeholders, summarizing cost performance, forecasts, and trends.
• Provide detailed analysis of cost deviations, including root cause analysis and recommendations for corrective actions.
• Maintain and update project cost forecasting, including cash flow projections and resource allocation.

• Identify potential financial risks that could impact project budgets or timelines and propose mitigation strategies.
• Participate in risk assessments and support the development of risk management plans from a financial perspective.

• Review and monitor contracts, change orders, and purchase orders to ensure proper cost allocation and financial compliance.
• Assist in resolving disputes related to cost issues with contractors and subcontractors.

Job Requirements

• Experience with large-scale construction projects (e.g., commercial, industrial, infrastructure).
• Proficient in cost control software (e.g., Procore, Builder trend, Aconex, Oracle Primavera P6, Microsoft Excel).
• Strong knowledge of construction cost management, including materials, labour, and equipment costs.
• Ability to analyse financial data, generate reports, and identify cost discrepancies.
• Strong analytical and problem-solving abilities.
• Attention to detail with the ability to manage multiple tasks simultaneously.
• Excellent communication and interpersonal skills to collaborate with internal teams and external stakeholders.
• Understanding of construction contracts (e.g., FIDIC, NEC) and project lifecycle.
• Ability to work under pressure and meet tight deadlines.
• Familiarity with local construction codes, standards, and regulations.