Construction Cost Engineer (Indianapolis, IN)
New Today
McFarland Construction is a full-service commercial construction firm specializing in general contracting, design/build, and construction management services. We deliver high-quality projects across a wide range of markets including Financial Services, Health Sciences, Energy, Mission Critical, and the Public Sector.
Founded in 2010, McFarland has grown to become the largest African American-owned general contractor in the Carolinas. Headquartered in Charlotte, NC, with regional offices in Raleigh, NC and Indianapolis, IN, we continue to expand our footprint and impact throughout the Southeast and Midwest.
We're proud to be ranked #18 Largest General Contractor in Charlotte, #3 Fastest-Growing Private Companies in the region, and among the Top General Contractors in the Southeast.
If you're looking for your next career move and want to be part of a dynamic, forward-thinking, and fast-growing company, McFarland Construction is the place for you. Join us and help shape the future of construction.
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
- Bachelor's degree in Construction Management, Engineering, or a related field.
- Experience in cost estimation, budgeting, and financial analysis within the construction industry.
- Proficiency in cost management software (e.g., Procore, Primavera P6, or similar).
- Strong analytical and problem-solving skills with attention to detail.
- Excellent communication and teamwork abilities.
- Knowledge of construction contracts, materials, and industry best practices.
- Location:
- Indianapolis
