Cost Engineer - Construction jobs in Newark, NJ

CostEngineer opportunity with Traylor Bros., Inc.!

Traylor Bros., Inc. (TBI) National Heavy Civil division provides comprehensive, cutting-edge heavy civil/underground construction services through traditional and non-traditional delivery methods. TBI has completed more than 135 complex bridge construction and rehabilitation projects across the nation, including world record cable-stayed structures and segmental bridges. The group also has a history of providing some of the country’s largest port authorities and the maritime industry with the construction of deep water container piers, wharf facilities, transit terminals, locks, and dams. 

What makes us different?

Our Mission is to excel at constructing complex infrastructure safer, better, and faster by engaging the entrepreneurial and innovative spirit of our team members and providing limitless opportunity for personal and professional growth in a close knit and collaborative organization.

Our Core Values:

Safety. We are committed to providing a safe work environment. This is always our priority.

People. Our talented team is our greatest asset. We provide opportunity, reward performance, and support a positive and balanced work environment.

Innovation. We have the ability to engineer creative solutions to overcome any obstacle.

Ethics. We are honest and ethical in all our business dealings.

Communication. We encourage open and honest communication throughout our organization.

Community. We add value to our industry and the communities in which we work.

Position Summary:

We are seeking a highly skilled Cost Engineer with expertise in Heavy Civil Construction to join our dynamic team. In this role, you will play a crucial part in project cost management, ensuring accurate estimation, monitoring, and control of costs throughout the project lifecycle.

Key Tasks and Responsibilities:

1. Cost Estimation:

• Develop detailed cost estimates for heavy civil construction projects, considering materials, labor, equipment, and overhead costs.
• Analyze project specifications and drawings to identify potential cost risks and opportunities.

1. Budgeting and Forecasting:

• Collaborate with project managers to establish project budgets and track expenditures against approved budgets.
•        Provide regular cost forecasts based on project progress and potential variations.

1. Cost Control:

• Implement robust cost control measures to identify and address cost overruns or discrepancies promptly.
• Work closely with project teams to analyze and reconcile any deviations from the budget.

1. Data Analysis:

• Utilize cost data and historical project information to enhance accuracy in future cost estimates.
•    Conduct cost-benefit analyses to support decision-making processes.

1. Risk Management:

• Identify and assess potential risks related to project costs, proposing mitigation strategies to ensure financial success.

1.    Vendor and Subcontractor Management:

• Collaborate with procurement teams to evaluate bids and proposals from vendors and subcontractors.
• Negotiate favorable terms and conditions to optimize project cost efficiency.

1.       Reporting:

• Generate regular and ad-hoc reports on project costs, providing insights to management for informed decision-making.
• Present cost-related information clearly and concisely to stakeholders.

1. Continuous Improvement:

• Stay abreast of industry trends, best practices, and new technologies in cost engineering.
• Implement improvements to cost engineering processes to enhance efficiency and accuracy.