Cost Engineer

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Role Overview

Cost Engineer is responsible for on cost monitoring, analysis, and optimization across various execution models (EPC, EPCm, Construction). This position plays a crucial role in ensuring project delivery within defined budgets while maintaining cost efficiency throughout the project lifecycle.

Key Responsibilities

1. Cost Planning & Control

• Develop and review Bills of Quantities (BOQ) for specific ITBs
• Monitor project costs throughout the execution phase
• Establish and maintain comprehensive cost databases
• Track market trends of major industry components

2. Bid Evaluation & Contract Support

• Conduct detailed cost evaluations and bid comparisons
• Analyze bid price reasonableness and lead clarification negotiations
• Support contract managers in drafting price-related contract clauses
• Assist in selecting optimal winning bid solutions

3. Change Management & Claims

• Evaluate cost impacts of project changes and claims
• Assess the necessity and economic efficiency of proposed changes
• Verify and approve new unit rates based on current market conditions
• Support the negotiation and settlement of high-value change orders

4. Cost Analysis & Optimization

• Monitor and analyze project cost performance
• Identify cost optimization opportunities
• Support cost control across various execution models
• Ensure compliance with cost control procedures and regulations

Requirements

Education & Experience

• Bachelor's degree in Engineering Cost, Engineering Management, Chemical Engineering, or related fields
• Professional certification as Cost Engineer
• Minimum 10 years of experience in cost estimation and control within international chemical/petrochemical industry
• Experience in EPC model or construction discipline management is a plus

Technical Skills

• Extensive knowledge of national and local engineering cost regulations
• Strong understanding of industry pricing and quota standards
• Proficient in cost estimation and control software
• Experience with various project execution models (EPC, EPCm, EPs)

Professional Competencies

• Strong analytical and problem-solving abilities
• Excellent negotiation and communication skills
• Detail-oriented with high accuracy in numerical analysis
• Ability to work independently and lead cost estimation teams

Additional Requirements

• Thorough understanding of material and service market prices
• Strong cost analysis and control capabilities
• Experience in international and local contractor estimating practices
• Proven track record of successful cost management in complex projects

Career Development and Team Collaboration

This role offers significant career advancement opportunities. As you gain experience, you will have the chance to lead larger and more complex projects.

We sincerely look forward to your application!

YOUR APPLICATION
Are you as curious, courageous and colorful as we are? If so, we can offer you an exciting career opportunity. We look forward to receiving your application including a cover letter, resume/CV, and relevant certificates. Become part of our Team - apply now!

Covestro is well aware of the importance of personal information to you. Covestro promises to strictly abide by the basic principles of information security and privacy protection as well as requirements of relevant laws and
regulations and take appropriate security protection measures to ensure that your personal information is safe and controllable.

The resume you submit and the personal information you provide voluntarily will only be used for the recruitment service of Covestro. If we use your information beyond the above purposes, we will seek your consent in advance.

The Covestro position you are applying for may use AI tools for preliminary screening of your submitted resume. We commit that this screening process is free from any bias or discrimination, ensuring fair and just treatment for every applicant. If you accept this approach, please continue with the application process. If you have any objections to the screening results, please send an email to CNTA@covestro.com.

Your data may be kept in a secure environment within or outside the territory of P.R. China. If the personal information is necessary to be transferred outside the territory of P.R. China, we will ensure that it is transferred in accordance with the laws and regulations. Generally, we only store your personal information for the time period that is necessary to fulfill the purpose of collection and processing, unless otherwise provided by laws, regulations or administrative orders. We will implement a variety of measures to ensure a reasonable level of information security. Unfortunately, if a personal information security incident occurs, we will activate contingency plans to prevent the security incident from spreading.

We impose strict restrictions on sharing information with any third party in accordance with laws and regulations. Unless otherwise provided by laws and regulations, the information we collect will not be provided to or shared with any third party that is unrelated to our recruitment services.

Contact Us

www.covestro.com

Covestro welcomes applications from all individuals, regardless of racial or ethnic origin, skin color, nationality, religion, philosophy, gender, age, physical characteristics, marital status, disability, appearance, sexual orientation and sexual identity. We are committed to treating all applicants fairly and avoiding discrimination.