Job description
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 company’s 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 subcontractor’s 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 project’s completion and submit it to the CEO for approval
Identify and establish payment requirements for different clients
Review and process subcontractor’s 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
Bachelor’s 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