Entry level Construction Cost Engineer

Job Description

Job Description

Salary: $70,000-$80,000

Title: Cost Engineer

Job Summary

Infinity Contracting Services, Corp. is actively seeking a highly motivated Cost Engineer for a construction project(s) located in the five boroughs of New York City.

We recognize our employees are the companys most valuable asset. Inspiration, diligence, and encouragement towards each other coupled with purposeful work lead to a rewarding career, and we are proud to provide a platform with which our employees can attain their goals.

Cost Engineer operates as a support role to the project team, providing cost control services and financials for the duration of the project. This individual is responsible for budgeting, monitoring, and forecasting the cost of construction. On a monthly basis Cost Engineer prepares and issues payment requisition packages, and provides labor production projections along with cash flow projections.

Responsibilities and Duties

Assign cost codes to newly established budget

Assist the project manager with the creation and approval of the schedule of values and approval of subcontractors schedule of values

Obtain approval of labor rate sheets for associated trades on the job

Track project progress against the projected budget

Verify cost codes applied by other project staff are correct

Generate monthly cost reports to track expenditures and distribute to the project team

Prepare monthly cash flow projections

Provide analysis on production rates

Create final job cost report upon the projects completion and submit it to the CEO for approval

Identify and establish payment requirements for different clients

Review and process subcontractors payment packages

Generate monthly payment requisitions and prepare associated backups

Track the approval progress

Review project documents (RFIs, submittals, bulletins, etc.) to identify contract scope impacts

Maintain change event and change order log in Procore

Prepare the change orders and collect required backup documents

Negotiate and submit change orders to the client

Review and assist with approval of subcontractor change orders

Track change order status

Assist the Project Manager with buy-outs

Perform market research and analysis for vendor selection

Cost code and issue purchase orders

Cost code and approve invoices

Assign cost codes to activities and procured items

Qualifications and Skills

Bachelors Degree in Engineering or related to construction and engineering fields- Not required.

Critical thinking

Strong oral and written communication.

Excellent time management skills.

* Strong math skills

Benefits:

* 401 (k)

*401 (k) matching

*Dental Insurance

*Health Insurance

*Vision Insurance

*Life Insurance

*Opportunities for advancement