Construction Cost Engineer in Indianapolis, Indiana at McFarland Construction

Company Overview

McFarland Construction is a full-service commercial construction firm specializing in general contracting, design/build, and construction management services. We deliver high-quality projects across a wide range of markets including Financial Services, Health Sciences, Energy, Mission Critical, and the Public Sector.

Founded in 2010, McFarland has grown to become the largest African American-owned general contractor in the Carolinas. Headquartered in Charlotte, NC, with regional offices in Raleigh, NC and Indianapolis, IN, we continue to expand our footprint and impactthroughout the Southeast and Midwest.

We’re proud to be ranked #18 Largest General Contractor in Charlotte, #3 Fastest Growing Private Companies in the region, and among the Top General Contractors in the Southeast.

If you’re looking for your next career move and want to be part of a dynamic, forward-thinking, and fast-growing company, McFarland Construction is the place for you. Join us and help shape the future of construction.

Job Summary
The Cost Control Engineer is responsible for managing and monitoring project costs and ensuring effective control and documentation of all project-related records. This role supports project managers, engineers, and finance teams by tracking budgets, forecasting expenditures, preparing cost reports, and maintaining organized and up-to-date document control systems. The position ensures compliance with internal
procedures and contractual requirements, enabling efficient project execution, transparency, and audit readiness.

Key Responsibilities include:

Cost Control

• Develop and maintain project cost tracking systems and reports.
• Monitor project budgets, forecasts, and actual expenditures.
• Perform cost analysis and value engineering evaluations.
• Identify cost variances and propose corrective actions.
• Support procurement and contracts team with cost estimation and budget alignment.
• Assist with monthly progress billing and earned value management (EVM) reporting.
• Prepare cash flow forecasts and financial status reports.

Education & Additional Qualifications

• Bachelor’s degree in Engineering, Construction Management, or related field.
• 3+ years of experience in cost control and document management within engineering or construction projects.
• Proficiency with cost management software (e.g., Primavera P6, MS Project, SAP, Oracle, etc.).
• Experience with document control systems (e.g., Procore, SharePoint, etc.).
• Strong analytical and organizational skills.
• Ability to work under pressure and meet deadlines.
• Excellent communication and reporting skills.