What are the responsibilities and job description for the Construction Cost Engineer position at McFarland Construction?
Job Description
Job Description
Company Overview
McFarland Construction is a full-service commercial construction firm, specializing in the delivery of projects through general contracting, design / build, and construction management engagements. We serve a diverse range of market segments, including Corporate Services, Health Sciences, Financial Services, Power / Energy, Mission Critical, and Public Sectors.
Founded in 2010, McFarland Construction has grown to become the largest African American-owned construction company in the Charlotte region. We are ranked #18 among the largest general contractors in Charlotte, one of the top 50 fastest-growing privately-owned businesses in Charlotte, and one of the top 40 fastest-growing mid-market companies in North Carolina.
If you're seeking the next step in your career and want to be part of an innovative, rapidly expanding company, we have an amazing opportunity for you! Join us and be a part of our exciting journey.
Job Summary
A Construction Cost Engineer is responsible for managing and analyzing project costs to ensure efficiency, budget adherence, and financial transparency. This role involves preparing cost estimates, monitoring expenditures, identifying cost-saving opportunities, and collaborating with project managers, contractors, and stakeholders to maintain financial control over construction projects.
Key Responsibilities include :
- Develop and analyze cost estimates for construction projects, ensuring accuracy and feasibility.
- Monitor and track actual project costs against budgeted amounts, identifying variances and providing recommendations.
- Conduct cost forecasting and risk analysis to anticipate potential financial challenges.
- Work closely with project managers, engineers, and procurement teams to assess material, labor, and equipment costs.
- Review and evaluate contractor and supplier bids, ensuring competitive pricing and budget alignment.
- Assist in value engineering to optimize costs without compromising quality or safety.
- Maintain comprehensive cost records and reports for internal and external stakeholders.
- Ensure compliance with financial regulations, company policies, and industry standards.
Education & Additional Qualifications
