Construction Cost Engineer

McFarland Construction • Indianapolis, IN

21h

About The Position

The Cost Control Engineer is responsible for managing and monitoring project costs and ensuring effective control and documentation of all project-related records. This role supports project managers, engineers, and finance teams by tracking budgets, forecasting expenditures, preparing cost reports, and maintaining organized and up-to-date document control systems. The position ensures compliance with internal procedures and contractual requirements, enabling efficient project execution, transparency, and audit readiness.

Requirements

• Bachelor’s degree in Engineering, Construction Management, or related field.
• 3+ years of experience in cost control and document management within engineering or construction projects.
• Proficiency with cost management software (e.g., Primavera P6, MS Project, SAP, Oracle, etc.).
• Experience with document control systems (e.g., Procore, SharePoint, etc.).
• Strong analytical and organizational skills.
• Ability to work under pressure and meet deadlines.
• Excellent communication and reporting skills.

Responsibilities

• Develop and maintain project cost tracking systems and reports.
• Monitor project budgets, forecasts, and actual expenditures.
• Perform cost analysis and value engineering evaluations.
• Identify cost variances and propose corrective actions.
• Support procurement and contracts team with cost estimation and budget alignment.
• Assist with monthly progress billing and earned value management (EVM) reporting.
• Prepare cash flow forecasts and financial status reports.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level