job postings cost engineer jobs in canada

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cost engineer Jobs

all about cost engineering jobs

Cost engineers specialize in determining the time, money and resources required for a project to be successful. Your objective is to balance price, quality, profitability and time. You work closely with the project management team, typically overseeing the budget and resources allocation for construction or manufacturing projects.

You frequently work on large-scale projects require you to balance complex requirements, manage tight budgets and ensure safe and timely project completion. With increased spending on construction and other building activity, cost engineers are needed to ensure that projects are budgeted efficiently.

what cost engineer jobs entail

As a cost engineer, you work full-time hours. You're involved in the planning and financial aspects of managing a project. You keep track of and allocate project resources including budgets, personnel, and materials. Though you're most likely employed in construction, you aren't necessarily present on job sites. The majority of your working days are spent in an office, though you may occasionally visit work sites to check up on a project.

average cost engineer salaries

The housing boom in Canada has led to a boom in construction and building projects, particularly in major cities. Cost engineers ensure the investments poured into these construction projects are used wisely and result in a finished project that is on time, on budget and up to code.

Large cities present the strongest job opportunities. In these areas, the number of condo developments, infrastructure improvements and other construction projects are high. Starting salaries for cost engineers range from about $55,000 to $70,000 depending on your location and skill level. However, your salary can reach well over $100,000 once you have a handful of years of experience and the skills to match.

your day to day tasks

Cost engineer jobs require you to effectively manage and allocate budgets and resources to ensure projects are completed on time, on budget and up to code. Throughout your day, some tasks may include:

  • creating cost breakdowns and budgets
  • projecting the costs and resources
  • overseeing resources to ensure successful project delivery
  • managing resources including inventory and personnel
  • creating production schedules
  • detailed project planning
  • creating budgets and spending reports

where you can work

Most cost engineers are employed in the construction industry. The second largest employer in the field is manufacturing. Intricate management of the large budgets in these industries is key to ensuring successful project completion. Cost engineers precisely map out budgets, resources and personnel needed to complete a project, reducing the risk and ensuring the project is completed with few surprises.

The strong construction and manufacturing industries in Canada has led to a steady demand for cost engineers. The majority of cost engineer jobs are found Canada's major city centres such as Toronto, Vancouver and Calgary where homes and other infrastruture is being built at a rapid pace.

what you bring to the table

As a cost engineer, you'll need advanced math skills to effectively allocate resources. In addition to being highly skilled at crunching numbers, you must also be able to write concise, clear reports that outline your budgets, resource allocation and other important project information. Cost engineer jobs require:

  • excellent mathematical skills
  • planning and time management skills
  • the ability to think critically and make sound decisions
  • the ability to prioritize
  • Problem-solving capabilities
  • interpersonal and communication skills

training and certifications

To become a cost engineer, you'll need an undergraduate degree in engineering or another related discipline. As your job is highly focused on financial planning, coursework in project management and business management will be an asset. Depending on the job you're applying for, a Master's degree or further post-secondary education may be required. You may also choose to focus in a particular area such as chemicals, construction or software.

Like all engineering fields, you will also need to be licensed as a professional engineer in your province or territory. In most Canadian provinces this certification is P.Eng and will require you to complete your undergraduate degree, several years of work experience, and pass an exit exam.

where your career is headed

The population growth and subsequent construction in major cities across Canada has led to a steady demand for cost engineers in the construction sector. Other sectors like manufacturing are also going strong and are in need of your expertise to improve efficiency and streamline projects.

Experienced cost engineers can seek out promotions to management roles, transition into other areas of engineering or consulting. Due to your strong planning and budgeting skills, you can even move into other fields entirely, such as project management or finance.

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