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Cost Control Engineer
2 months ago
In this role, you will be responsible for supporting the implementation of project-specific cost control and reporting procedures, estimating, analysis, and control activities for projects with significant non-routine requirements. You will prepare cost studies, cost trends, and develop and implement project requirements for cost control. Your analysis will provide innovative solutions to cost engineering challenges.
Key Responsibilities:
- Undertake trend detection, recording, monitoring, and reporting to the project management team.
- Forecast cost and schedule impacts on budget resulting from trends and suggest mitigation plans.
- Understand Bechtel's trend process and subcontracts/key requirements for changes in contracts.
- Assist in analysis of specially assigned change-related initiatives or work planning requiring detailed change assessment and response planning efforts.
- Support the overall trend program schedule and initiate trend focus meetings through cooperation with all disciplines to achieve a successful trend program.
- Support the timely preparation of cost estimates. Prepare and analyze comparisons of scope, quantities, and cost data between projects. Perform productivity analysis of construction operations and verify results. Establish productivity basis to be utilized in estimates, as developed with the concurrence of construction.
- Prepare or supervise the preparation of cost studies utilizing historical data, statistical analysis, and cost and quantity comparisons. Develop innovative new techniques to meet specific needs, as required.
- Responsible for developing trend evaluations. Verify consistency with previous reports to ensure compatibility. Responsible for issuing reports required by management and project procedures.
- Responsible for understanding the project budget and scope, monitoring project development, flagging all deviations from budget, as well as preparing and evaluating trends.
- Assist in developing unit job-hour and pricing data for a specific discipline or other specialty. Perform data analysis, identify problems, and make recommendations.
Education and Experience Requirements:
Requires a bachelor's degree (or international equivalent) and 8-10 years of relevant experience or 12-14 years of relevant work experience.
Required Knowledge and Skills:
- Knowledge of estimating methods, processes, and procedures.
- Knowledge and experience in quantity takeoffs, statistical analysis, and cost and price analysis.
- Skilled in understanding and implementing technical discipline processes, engineering drawings, quantity determinations, and mathematical and financial reports.
- Thorough understanding of cost indices and escalation projection sources.
- Understands and contributes to risk and contingency assessments.
- Skilled in oral and written communications, including presentation skills and ability to address the project management team.
- Intermediate knowledge of Excel – such as lookups, pivot tables, complex graphs.
- Knowledge of BETK – Bechtel's internal estimating software – and how to conform the estimate details into budgets for packages.
Total Rewards/Benefits:
Bechtel Corporation is committed to offering a comprehensive benefits package that supports the well-being of its employees. This includes a market-aligned salary package, annual discretionary performance bonus scheme, and a strong focus on employee health and safety.
Diverse Teams Build the Extraordinary:
Bechtel Corporation values diversity and inclusion, and is committed to creating a workplace where every employee feels valued, respected, and empowered to contribute their best work. Our diverse teams are the key to our success, and we strive to create an environment where everyone can thrive.
