Value Engineer (Cost Engineer)

Bachelor degree

Key Responsibilities:

• Cost Estimation and Budgeting:

  • Prepare detailed cost estimates during the project’s feasibility and design stages.
  • Develop project budgets based on scope, resource requirements, and market conditions.
  • Work closely with project managers to finalize budgets and cost plans.

• Cost Monitoring and Control:

  • Track and monitor project expenditures to ensure adherence to approved budgets.
  • Conduct cost variance analysis to identify and address deviations.
  • Recommend cost-saving measures to optimize project efficiency and reduce waste.

• Forecasting and Reporting:

  • Prepare regular cost reports and forecasts to provide insights into financial performance.
  • Generate cash flow projections and expenditure forecasts for project phases.
  • Present cost analyses and updates to senior management.

• Tendering and Procurement Support:

  • Assist in preparing tender documents and evaluating contractor bids.
  • Analyze cost implications of procurement decisions, including materials, equipment, and services.
  • Support contract negotiations by providing accurate cost data and recommendations.

• Risk Analysis and Mitigation:

  • Identify cost risks and propose mitigation strategies to minimize financial exposure.
  • Conduct “what-if” scenarios to evaluate the financial impact of potential project changes.
  • Monitor contingency allowances and recommend adjustments as necessary.

• Collaboration and Communication:

  • Collaborate with project teams, procurement staff, and vendors to align costs with project objectives.
  • Work with the Planning Engineer to integrate cost data into project schedules.
  • Ensure all stakeholders are informed of cost implications for project decisions.

• Continuous Improvement:

  • Review and improve cost management processes and tools to enhance accuracy and efficiency.
  • Stay updated on industry trends, cost estimation techniques, and market pricing.

Required Qualifications:

• Education: Bachelor’s degree in Civil Engineering, Construction Management, Quantity Surveying, or a related field.
• Experience: Minimum of 3-5 years of experience in cost engineering or cost control, preferably in the construction or real estate sector.
• Certifications: Certification in cost engineering (e.g., CCP by AACE) or equivalent is a plus.

Skills:

• Proficiency in cost management tools and software (e.g., CostX, Primavera Cost Manager, or similar).
• Strong understanding of cost estimation, budgeting, and financial analysis principles.
• Advanced Excel skills for data analysis and financial modeling.

Key Competencies:

• Strong analytical and problem-solving skills to address cost-related challenges.
• Attention to detail and accuracy in cost calculations and financial reporting.
• Excellent organizational skills to manage multiple projects and deadlines.
• Effective communication and negotiation skills for working with teams, contractors, and vendors.
• Proactive and results-driven mindset with the ability to work under pressure.