Cost Engineer Jobs
Cost engineering is an area of engineering practice concerned with the “application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and planning and scheduling.
The skills and knowledge areas of Cost Engineers are similar to those of Quantity Surveyors. AACE International is one of many international engineering organizations representing practitioners in these fields. In 2006, AACE published the Total Cost Management (TCM) Framework which outlines an integrated process for applying the skills and knowledge of cost engineering (see References). This has also been called the world’s first process for portfolio, program and project management.
Cost Engineer Recruitment Agency – JobContax Current Cost Engineer Jobs
JobContax specialises in the Global Recruitment of Cost Engineers. JobContax has over 10 years experience in the Cost Engineering Sector and has a worldwide network of contacts within the industry. JobContax has long standing partnerships with some of the world’s largest ECPM Contractors and has been a recruitment partner on some of the world’s largest Civil Projects.
JobContax understand the trade offs between career progression and relocation
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Cost Engineer Specialities
One key objective of cost engineering is to arrive at accurate cost estimates and schedules and to avoid cost overruns and schedule slips. The broad array of cost engineering topics represent the intersection of the fields of project management, business management, and engineering. Most people have a limited view of what engineering encompasses. The most obvious perception is that engineering addresses technical issues such as the physical design of a structure or system. However, beyond the physical manifestation of a design of a structure or system (for example, a building), there are other dimensions to consider such as the money, time, and other resources that were invested in the creation of the building. Cost engineers refer to these investments collectively as “costs”.
Cost engineering then can be considered an adjunct of traditional engineering. It recognizes and focuses on the relationships between the physical and cost dimensions of whatever is being “engineered”. Cost engineering is most often taught at universities as part of construction engineering, engineering management, civil engineering, and related curricula because it is most often practiced on engineering and construction capital projects. Engineering economics is a core skill and knowledge area of cost engineering.
Cost Engineer Job Description
Typical tasks may include:
- preparing tender and contract documents, including bills of quantities with the architect and/or the client;
- undertaking costs analysis for repair and maintenance project work;
- assisting in establishing a client’s requirements and undertaking feasibility studies;
- performing risk and value management and cost control;
- advising on procurement strategy;
- identifying, analysing and developing responses to commercial risks;
- preparing and analysing costings for tenders;
- allocating work to subcontractors;
- providing advice on contractual claims;
- analysing outcomes and writing detailed progress reports;
- valuing completed work and arranging payments;
- maintaining awareness of the different building contracts in current use;
- understanding the implications of health and safety regulations.
Areas requiring more specialised knowledge include:
- offering advice on property taxation;
- providing post-occupancy advice, facilities management services and life cycle costing advice;
- assisting clients in locating and accessing additional and alternative sources of funds;
- enabling clients to initiate construction projects;
- advising on the maintenance costs of specific buildings.