What are the responsibilities and job description for the Cost Engineer position at Blue Ridge Executive Search?
Key Responsibilities:
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Cost Estimation & Budgeting:
- Develop detailed cost estimates and budgets for construction projects, including labor, materials, equipment, and subcontractor costs.
- Collaborate with estimators and project teams to analyze scope and ensure alignment with financial goals.
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Cost Control & Reporting:
- Monitor and analyze project costs, identifying variances and implementing corrective measures.
- Prepare and present regular cost reports, forecasts, and financial summaries to stakeholders.
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Procurement & Contract Management:
- Review and approve purchase orders, invoices, and subcontractor agreements.
- Negotiate pricing and terms with vendors and subcontractors to achieve cost savings.
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Project Financial Oversight:
- Track and allocate resources to ensure optimal budget utilization.
- Manage change orders, contingencies, and under-billings to maintain financial accuracy.
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Collaboration & Communication:
- Act as a liaison between project managers, accounting teams, and business operations to ensure seamless financial management.
- Provide guidance on cost implications of design and construction decisions.