Tool Install Cost Engineer

Responsibilities

• Review and validate contractor pricing using established unit-rate agreements to ensure accuracy and compliance with project standards.
• Evaluate change requests related to tool installation activities and assess the associated cost impacts on overall project budgets and forecasts.
• Analyze field-driven scope changes and confirm that all related costs are properly captured, documented, and incorporated into project financials.
• Support forecasting, budgeting, and cost trending activities throughout project execution to maintain reliable and up-to-date financial projections.
• Track project commitments, expenditures, accruals, and forecasted costs to provide clear visibility into financial performance and obligations.
• Partner closely with engineering, construction, procurement, and project controls teams to understand installation requirements and their cost implications.
• Review contractor invoices, payment applications, and supporting documentation to verify accuracy and alignment with contractual agreements.
• Identify potential commercial risks, scope gaps, and cost variances, and communicate findings to stakeholders with recommended mitigation strategies.
• Develop and maintain project cost reports, dashboards, and executive summaries that clearly present financial status to project leadership.
• Support schedule-driven cost analysis and cash flow forecasting to align financial planning with project timelines and milestones.
• Provide recommendations regarding cost exposure, contingency utilization, and forecast adjustments to support informed decision-making.
• Maintain accurate project financial records and reporting throughout the construction lifecycle, ensuring data integrity and audit readiness.
• Evaluate cost impacts related to mechanical equipment connections, HVAC modifications, chilled water and process cooling systems, and process piping systems.
• Assess cost implications of utility distribution infrastructure, electrical power and distribution systems, conduit and cable routing, and plumbing systems.
• Consider structural support modifications, facility penetrations, restoration activities, and multi-trade coordination impacts in overall cost evaluations.

Requirements

• At least 5 years of experience in cost engineering, project controls, cost management, estimating, quantity surveying, or construction financial analysis.
• Strong understanding of MEP systems, process utilities, and industrial construction practices.
• Proven experience reviewing contractor pricing, change orders, and construction cost documentation.
• Experience supporting large capital construction projects in a complex environment.
• Proficiency with Microsoft Excel and cost management software for data analysis and reporting.
• Strong analytical skills with the ability to interpret and evaluate complex cost and scope information.
• Effective communication skills to collaborate with multidisciplinary teams and present financial insights clearly.
• Solid problem-solving abilities to address construction and cost challenges in a fast-paced setting.
• Ability to interpret construction drawings, specifications, and technical documents to understand scope and cost impacts.

Qualifications

• Experience supporting advanced manufacturing, industrial, mission-critical, pharmaceutical, or technology-focused construction projects.
• Experience in mechanical, electrical, or industrial construction, particularly related to equipment installation and process utilities.
• Experience with project forecasting, earned value management, or broader project controls methodologies.
• Familiarity with process utility systems and equipment installation projects in highly technical facilities.
• Experience working within complex, highly technical construction environments that require multi-trade coordination.
• Interest in and openness to learning IPD (Integrated Project Delivery) and lean construction methodologies and tools.
• Commitment to ongoing professional development, supported by access to continuous education platforms.

Skills

• Strong analytical skills with the ability to interpret and evaluate complex cost and scope information.
• Effective communication skills to collaborate with multidisciplinary teams and present financial insights clearly.
• Solid problem-solving abilities to address construction and cost challenges in a fast-paced setting.
• Ability to interpret construction drawings, specifications, and technical documents to understand scope and cost impacts.
• Experience supporting advanced manufacturing, industrial, mission-critical, pharmaceutical, or technology-focused construction projects.
• Experience in mechanical, electrical, or industrial construction, particularly related to equipment installation and process utilities.
• Experience with project forecasting, earned value management, or broader project controls methodologies.
• Familiarity with process utility systems and equipment installation projects in highly technical facilities.
• Experience working within complex, highly technical construction environments that require multi-trade coordination.
• Interest in and openness to learning IPD (Integrated Project Delivery) and lean construction methodologies and tools.
• Commitment to ongoing professional development, supported by access to continuous education platforms.

Benefits

• Medical, dental & vision insurance
• Critical Illness, Accident, and Hospital insurance
• Life Insurance (Voluntary Life & AD&D for the employee and dependents)
• Short and long-term disability insurance
• Health Spending Account (HSA)
• Transportation benefits
• Employee Assistance Program
• Paid time off for vacation, holidays, and sick leave
• Discount program
• Structured review process for professional growth

Pay and Benefits

The pay range for this position is $48.07 - $57.70/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following:

• Medical, dental & vision insurance
• Critical Illness, Accident, and Hospital insurance
• Life Insurance (Voluntary Life & AD&D for the employee and dependents)
• Short and long-term disability insurance
• Health Spending Account (HSA)
• Transportation benefits
• Employee Assistance Program
• Paid time off for vacation, holidays, and sick leave
• Discount program
• Structured review process for professional growth

About Actalent

Actalent is a global leader in engineering and sciences services and talent solutions. We help visionary companies advance their engineering and science initiatives through access to specialized experts who drive scale, innovation and speed to market. With a network of almost 20,000 consultants and 5,000 clients across the U.S., Canada, Asia and Europe, Actalent serves many of the Fortune 500. We are proud to be an Engineering News-Record (ENR) Top 500 Design Firm for our engineering design services and a ClearlyRated Best of Staffing® winner for both client and talent service. The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law. If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please email actalentaccommodation@actalentservices.com for other accommodation options.