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Principal Cost Engineer

Requisition ID:  255969

Requisition Posting End Date: 08/31/2022

SUMMARY:

Supervises cost estimating, analysis and control activities. Supports project organizational and administrative activities. Responsible for cost engineering, cost estimating, and cost analysis/control activities for large projects; major projects with significant non-routine requirements; or discipline/project/proposal estimating or staff planning activities which require a high degree of technical skill and experience. Demonstrated skill in identifying, analyzing, and providing innovative solutions to cost engineering problems. Provides generally non-routine cost engineering guidance to projects. Ensures work is completed as scheduled. Identifies cost trends for management attention. May review invoices for correct collection of revenue.

 

ESSENTIAL JOB DUTIES:

  1. Reviews proposal provisions related to cost engineering and material control and develops supporting data for contract negotiations. Participates in establishing pricing structures to be applied to quantities for estimates. Applies material unit rates to quantities. Maintains cost data files.
  2. Interfaces with designated Bechtel management and client counterparts for specific cost presentations.
  3. Participates in developing and presenting training classes on designated subjects and on-the- job training for specific processes and practices.
  4. Conducts personnel performance reviews when delegated. Interviews candidates and makes recommendations for employment decisions.
  5. Supervises the timely preparation of cost estimates. Prepares and analyzes comparisons of scope, quantities, and cost data between the projects. Performs productivity analysis of Construction operations and verifies results.
  6. Reviews project work activities to ensure support of project milestones. Coordinates and establishes scoping requirements for the overall cost estimate by discipline or other specialty, and coordinates the timely, systematic, and complete acquisition of scope definition and related data.
  7. Coordinates pricing structure or criteria to be used by each discipline or specialty to meet the objectives of the cost estimate. Establishes format and content of summaries and reconciliations, including segregation of cost according to level of confidence and identification of areas of risk.
  8. Prepares or reviews distributable and/or contractors’ indirect cost estimates, developing basis for temporary facilities, miscellaneous construction services, construction tools and equipment, nonmanual manpower, startup services, payroll taxes and insurance, camp facilities and operation, and other field office costs. Researches and develops or reviews tax estimates, including federal, state and local tax issues. Assists in developing or develops foreign currency and exchange rate estimates.
  9. Plans, organizes, and supervises project cost budgets.
  10. Defines project needs for cost control in accordance with established Bechtel and client contractual requirements, objectives, and procedures. Supervises the timely performance of cost control activities. Reviews and critiques designs and specifications for cost effectiveness and suggests alternatives when appropriate. Prepares cost trend estimates in support of project cost trend programs.
  11. Supervises cost recording, monitoring, and reporting practices for compliance with applicable standards accuracy and consistency.
  12. Supervises investigating requirements for cost control data for specific discipline or other specialty applications. Identifies needs for cost analysis support for the project, and recommends development or modification of cost engineering data standards. Supervises performance of cost analysis activities within the project.
  13. Coordinates information input into specific studies. Responsible for integration of activities and total work scope identification. Evaluates study results and recommends conclusions for project team consideration and discussion.
  14. Develops unit job hour and pricing data for a specific discipline or other specialty, including estimating parameters, factors indices, productivity and craft distribution reference data, etc., based on analysis of Bechtel and industry experience. Performs data analysis, identifies problems, and makes recommendations.
  15. Creates and implements measurement systems for given processes, analyzes performance metric results, and identifies improvements. Ability to use statistical tools to analyze metrics (e.g., regression, analysis of variance, correlation), and ability to analyze measurement systems to identify bias, repeatability, and stability issues.
  16. Prepares and presents cost engineering information to management/client.

 

 

Knowledge, Skills and Qualifications:

Basic:

  • Experience in performing, monitoring, and reviewing cost engineering functions, which include cost control and cost analysis, at site & Home office.
  • Knowledge of supervision, personnel administration, and training of technical and non-technical personnel.
  • Experience performing quantity takeoffs, statistical analysis, and computer operations, or skilled in understanding technical processes, engineering drawings, quantity determinations, and mathematical and financial reports.
  • Advanced level of knowledge of engineering, procurement, contracts, construction, and startup work processes.
  • Knowledge in capital cost and services estimating
  • Demonstrated skill in identifying, analyzing, and providing innovative solutions to cost problems.
  • Knowledge of financial reporting systems and controller account codes, and understanding of Controller instructions, which impact Project Controls.
  • Bachelor’s or Master’s degree in Engineering and a minimum of 15 years of relevant experience.
  • Strong communication, leadership, planning and organization skills;
  • Prior demonstrated experience overseeing multiple cost engineers or experience leading team of cost engineers.

 

 

 

Preferred:

  • Statistical knowledge in the areas of sampling, distributions, probability, and hypothesis testing for metrics.

 

 

Shaping tomorrow together

Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that foster long-term progress and economic growth. Since 1898, we’ve completed more than 25,000 extraordinary projects across 160 countries on all seven continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Energy; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live.  
www.bechtel.com

Bechtel is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, disability, citizenship status (except as authorized by law), protected veteran status, genetic information, and any other characteristic protected by federal, state or local law.

In accordance with Bechtel's duty to provide and maintain a safe workplace for our employees and to safeguard the health of our families, customers, and visitors, we have adopted mandatory COVID-19 safety protocols for each work location, which may include a vaccination or testing requirement. Please speak with your Bechtel recruiter to determine which protocols apply to the work location for the job you are seeking.