Cost Engineer

Career Area : Engineering

Job Description :

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other. We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

Job Description

Role definition

The Cost Engineer is responsible for developing, analyzing, and controlling project costs to ensure projects are completed within budget and meet financial objectives. They collaborate with cross-functional teams to identify and implement cost-saving opportunities throughout the project lifecycle.

Responsibilities

• Prepare detailed cost estimates for various projects by analyzing project specifications and requirements.
• Develop and maintain project budgets and financial forecasts.
• Monitor project expenditures, analyze cost variances, and report discrepancies to stakeholders.
• Identify potential cost risks and opportunities, and recommend mitigation strategies or cost-saving solutions.
• Collaborate with engineering teams, procurement, and other departments to gather cost data and ensure accurate cost estimation.
• Evaluate supplier and subcontractor bids and invoices to ensure competitive pricing and cost-effectiveness.
• Support procurement processes by providing cost analysis and guidance.
• Prepare and present comprehensive cost reports and forecasts to management and clients.
• Conduct feasibility studies and analyze potential risks and returns on investment for project options.
• Participate in the evaluation and adoption of new technologies or processes (e.g., automation, software) to improve efficiency and reduce costs.

Degree requirement

Skill Descriptors : Information capture

Standard operating procedures (SOP)

Analytical thinking

Effective communications

Relocation is available for this position.

Posting Dates :

October 14, 2025 - October 16, 2025

Caterpillar is an Equal Opportunity Employer. Qualified applicants of any age are encouraged to apply

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Skills Required

Analytical Thinking, Cost Analysis, Automation Software, Cost Estimation