Lead Cost Engineer

We are seeking a highly skilled Lead Cost Engineer to join our team and oversee all cost management activities for our projects. The ideal candidate will have a solid background in cost estimation, budgeting, and forecasting, along with a strong understanding of financial principles. As the Lead Cost Engineer, you will be responsible for developing project cost estimates, monitoring budgets, analyzing cost variances, and providing recommendations to optimize project costs. In addition, you will collaborate with project managers, engineers, and procurement teams to ensure that all cost-related aspects are managed effectively. Strong analytical skills, attention to detail, and excellent communication abilities are essential for success in this role. A degree in engineering, construction management, or a related field is required, along with several years of experience in cost engineering or project controls. Join our team and play a key role in driving project success through effective cost management strategies.

Responsibilities

• Develop and implement cost control procedures and strategies to ensure project budgets are met.
• Lead and manage a team of cost engineers to support project planning and execution.
• Prepare cost estimates, including labor, materials, equipment, and subcontractor costs.
• Analyze project data to identify areas for cost reduction and efficiency improvements.
• Collaborate with project managers and stakeholders to review and update project budgets and forecasts.
• Monitor project spending and track cost variances to provide accurate financial reporting.
• Conduct cost risk assessments and develop mitigation plans to address potential cost overruns.
• Communicate with vendors, suppliers, and contractors to negotiate pricing and terms to ensure cost effectiveness.
• Stay current on industry trends and best practices in cost engineering to ensure continuous improvement.
• Participate in project meetings and provide cost engineering expertise and recommendations to support decision-making processes.