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10bits

Cost Analyst

Career Insights for Estimator

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What they do

An Estimator provides cost estimates for a project, based on an evaluation of the materials, labor, time and equipment needed to complete the project. May specialize in many aspects of construction or in manufacturing and design industries.

$71,979 / year median in Texas

+10% projected growth

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Job Description

10bits is a Healthcare and Professional Staffing Company. From nursing staffing, temp to hire, and permanent to healthcare contracts, 10bits provides hospitals and medical facilities with high-quality clinical professionals with the highest standards and compliance to provide the best medical care.
Job Title:
Cost Analyst Job Location:
San Antonio, TX 78264
Job Type:
Contract Job Duties:
Develop conceptual, schematic, and detailed design-phase cost estimates, including baseline budgets and Cost Breakdown Structures (CBS). Perform comprehensive quantity takeoffs (QTO) using architectural and engineering drawings, technical specifications, and BIM models. Lead value engineering (VE) exercises to identify cost-saving opportunities while maintaining structural integrity and design intent. Monitor project expenditures, committed costs, and work-in-place, utilizing Earned Value Management (EVM) to assess cost performance and calculate Estimate at Completion (EAC) and Variance at Completion (VAC). Prepare and regularly update monthly cash flow forecasts and draw schedules to support project liquidity and owner billing requirements. Review, validate, and negotiate subcontractor change order requests, including assessment of pricing against market rates, contract terms, and allowances. Support procurement activities by developing scope packages, evaluating trade contractor bids, and assessing financial risks associated with major vendors. Review monthly payment applications, including G702/G703, and verify lien waivers against actual field progress prior to payment authorization. Conduct project financial closeout activities, including final reconciliations, contingency settlement, and audits of final subcontractor accounts.
Job Requirements:
Associate's degree in construction management, Civil Engineering, Quantity Surveying, Finance, or a related field. Relevant experience in cost estimating, cost control, project financial management, or commercial management. Experience with quantity takeoffs, cost estimating, budgeting, and value engineering. Working knowledge of Earned Value Management (EVM), including EAC and VAC calculations. Experience reviewing subcontractor bids, change orders, payment applications, and final accounts. Familiarity with construction drawings, technical specifications, BIM models, and cost documentation. Knowledge of construction contracts, procurement processes, and vendor financial risk assessment. Strong analytical, financial management, negotiation, and problem-solving skills. Proficiency with relevant estimating, cost management, BIM, and/or project management software. Strong communication and coordination skills, with the ability to work effectively with design, procurement, construction, and finance teams. 3 years of experience with Project Cost Control, Cost Planning & Cost Estimation. 3 years of experience with
Financial Management, Procurement and Contract Reviews Schedule:
8:00 AM - 5:00 PM Monday - Friday 40 hours/week guaranteed
Pay:
$40.00 per hour
Education:
Associate (Required)
Experience:
Project Cost Control, Cost Planning & Cost Estimation.: 3 years (Required)
Financial Management, Procurement and Contract Reviews:
3 years (Required)
Work Location:
In person