Electrical Cost Planning Specialist
1 day ago
Job Overview
We are seeking an experienced Electrical Cost Planning Specialist to join our team at Quality Plus Services. In this role, you will play a key part in planning, budgeting, and ensuring cost control throughout industrial projects.
Key Responsibilities
- Cost Estimation:
- Develop detailed and accurate cost estimates for electrical components, systems, and installations based on project drawings, specifications, and scope of work.
- Analyze project requirements to create material take-offs (MTO) and labor cost estimates for electrical work.
- Use cost-estimating software and historical data to forecast project costs, including material, labor, equipment, and indirect expenses.
- Budgeting & Forecasting:
- Create comprehensive project budgets for electrical systems and installations.
- Provide cost forecasting and cash flow projections for electrical work during project execution.
- Collaborate with finance and project teams to track budgetary spending and ensure alignment with estimates.
- Cost Control:
- Monitor project costs and track any variances between actual and estimated expenses.
- Implement cost control measures to identify and prevent cost overruns.
- Analyze cost data, assess risks, and recommend corrective actions to ensure the project stays within budget.
- Bid & Proposal Review:
- Assist in evaluating contractor bids and vendor proposals for electrical work.
- Review cost proposals from suppliers and subcontractors to ensure alignment with project budgets and scopes of work.
- Negotiate pricing with vendors and subcontractors to achieve cost savings without compromising quality.
- Value Engineering:
- Collaborate with engineering teams to identify cost-effective alternatives in design and materials.
- Participate in value engineering efforts to optimize the electrical design and reduce costs while maintaining performance and safety standards.
- Project Coordination:
- Work closely with project managers, procurement teams, and electrical engineers to ensure alignment between cost estimates and project goals.
- Provide support during project planning, procurement, and construction phases to ensure accurate cost management.
- Reporting & Documentation:
- Prepare cost reports, including comparisons of actual costs versus budget and forecast updates.
- Maintain and update cost databases, historical data, and records for future reference.
- Provide regular updates on project financial status to management and stakeholders.
Qualifications & Skills
- Education:
- High School Diploma or Equivalent
- Experience:
- Minimum 5-10 years of experience in industrial electric cost estimation, cost control, or project management.
- Experience working with large-scale industrial projects is highly desirable.
- Certifications:
- Certification as a Cost Professional (e.g., Certified Cost Professional - CCP, Project Management Professional - PMP) (preferred).
- Electrical engineering certifications (e.g., PE, FE) are an advantage.
- Skills:
- Strong knowledge of electrical systems, installations, and components in an industrial context.
- Proficiency with cost estimation tools and software.
- Excellent analytical skills with the ability to evaluate complex project data and identify cost drivers.
- Strong attention to detail and ability to manage multiple projects simultaneously.
- Effective communication and negotiation skills.
- Proficiency in Microsoft Office, particularly Excel and project management software.
Salary & Benefits
The salary range for this position is $90,000-$120,000 per annum, depending on experience. We offer a comprehensive benefits package, including health insurance, retirement plan, and paid time off.
About Us
Quality Plus Services is a true multi-craft industrial contractor, providing efficient solutions for industrial projects. Our team works collaboratively to deliver high-quality results, measured by safety and quality of craftsmanship. Join us in shaping the future of industrial contracting.
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