First Balfour, Inc.
Cost Engineer
Skills
1 month ago
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Important information
Contract type:
Freelance / Contract
Location:
Cotabato City, Maguindanao del Norte, Philippines
Work mode:
Onsite
Published on:
17 September 2026
What they need
QUALIFICATIONS:
- Bachelor's Degree in Civil, Electrical or Mechanical Engineering.
- At least 2 years of construction experience specializing in quantity surveying, cost analysis, and contract evaluation.
- Highly capable of analyzing project and business operations performance metrics.
- With advanced knowledge in SAP, AutoCAD and MS Excel.
- Preferably with experience in geothermal, hydropower and binary power plant works.
- With good English communication skills, oral and verbal.
JOB DESCRIPTION:
The Cost Engineer is responsible for managing and controlling the Project cost in reference to the tender budget. He / She is responsible for the implementation of commercial functions and ensures that the Project is delivered based on Contract requirements.
BUDGET PREPARATION
- Cost Split and Project Budget Allocation
- Set-up SAP System Structure
- Budget Rehash / Re-allocation
COMMERCIAL MONITORING AND CONTROL
- Measurement of Work
- Monitor and submit reports related to revenue, cash, cost, risks and opportunities, and commercial issues for proper action of Management
- Practice cost control measures and ensure that resources requested and allocated for the Project are within the budget
- Coordinate with the PMT including the Punchlist Crew all the closing - out requirements of the client.
CONTRACT MANAGEMENT
- Variations and Claims on Contract
- Interim Payment Application
- Initiate contract closeout procedures in an appropriate amount of advance time prior to expected completion and final payment of the Project.
- Ensure compliance to the terms and requirements of any Joint Venture or Consortium Agreement in place between the Company and others on the Project.
- Bonds and Insurances
SUBCONTRACT MANAGEMENT
- Closely coordinate with HO Procurement, Project Manager and Project Procurement Specialist in preparing and providing detailed and timely subcontract or major supply enquiries to meet Project requirements.
- Participate in the Pre-order meetings with Vendors/Subcontractors to ensure that Project Commercial risks and opportunities are covered.
- Manage subcontracts and major Vendor/Subcontract accounts including resolving variations and claims.
- Payment of Subcontract Accounts
- Monitor subcontractors and major vendor’s performance against contractual documents in coordination with Operations staff
- Assist and provide inputs to the Project Management Team in assessing the Vendor or Subcontractor’s Performance for the project
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