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Project Cost Manager Jobs in Baltimore, MD (NOW HIRING)

GFT.

Cost Engineer / Estimator

Baltimore, MD · On-site +1

$115K - $140K/yr

This position will work directly with the Senior Substation Estimator, Project Managers, Engineers, and Construction Managers to develop construction cost estimates, support procurement activities ...

GFT.

Cost Engineer / Estimator

Owings Mills, MD · On-site +1

$115K - $140K/yr

This position will work directly with the Senior Substation Estimator, Project Managers, Engineers, and Construction Managers to develop construction cost estimates, support procurement activities ...

GFT.

Cost Engineer / Estimator

Owings Mills, MD · On-site

$115K - $140K/yr

This position will work directly with the Senior Substation Estimator, Project Managers, Engineers, and Construction Managers to develop construction cost estimates, support procurement activities ...

GFT.

Cost Engineer / Estimator

Owings Mills, MD · On-site +1

$115K - $140K/yr

This position will work directly with the Senior Substation Estimator, Project Managers, Engineers, and Construction Managers to develop construction cost estimates, support procurement activities ...

Microsoft

Cost Management Campus Lead

Annapolis, MD · On-site

Work with the PMQS, GC and project controls to ensure that the full suite of cost reports are ... Bachelor's Degree in Construction Project Management, Architecture, Engineering, or related field ...

STENA

Cost and Contract Manager

Baltimore, MD · On-site

$88K - $127K/yr

Who YOU are and what YOU can become As the Cost & Contracts Manager, you will strategically develop ... Lead or participate in organizational efforts in assigned projects and / or tasks * Assure proper ...

ST Engineering

Cost and Contract Manager

Baltimore, MD · On-site

$88K - $127K/yr

Who YOU are and what YOU can become As the Cost & Contracts Manager, you will strategically develop ... Lead or participate in organizational efforts in assigned projects and / or tasks * Assure proper ...

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Project Cost Manager information

See Baltimore, MD salary details

$38.8K

$106.3K

$146.1K

How much do project cost manager jobs pay per year?

As of Aug 18, 2026, the average yearly pay for project cost manager in Baltimore, MD is $106,321.00, according to ZipRecruiter salary data. Most workers in this role earn between $90,900.00 and $120,700.00 per year, depending on experience, location, and employer.

What does a project cost manager do?

A Project Cost Manager is responsible for overseeing and controlling the budget and costs associated with a construction or development project. Their main duties include estimating project costs, preparing budgets, monitoring expenses, and ensuring that the project remains within financial constraints. They work closely with project managers, engineers, and contractors to analyze costs, identify potential savings, and report on financial progress. By managing resources efficiently, they help prevent cost overruns and contribute to the overall success of the project.

What are the key skills and qualifications needed to thrive as a project cost manager, and why are they important?

To thrive as a Project Cost Manager, you need strong analytical skills, a background in finance or quantity surveying, and typically a relevant degree or professional certification such as RICS or AACE. Familiarity with cost estimating software, enterprise resource planning (ERP) systems, and project management tools like MS Project or Primavera is common. Excellent communication, negotiation, and attention to detail help build trust and ensure accurate reporting. These skills are crucial to control budgets, minimize financial risks, and deliver projects on time and within scope.

What are some common challenges faced by project cost managers when working on large-scale construction projects?

Project Cost Managers often encounter challenges such as managing budget overruns due to unexpected site conditions, fluctuating material costs, and changes in project scope. Coordinating with multiple stakeholders—like architects, engineers, and contractors—requires strong communication and negotiation skills to ensure costs remain within agreed limits. Maintaining up-to-date cost forecasts and reporting can be demanding, especially when timelines are tight and project details evolve rapidly. Successfully navigating these challenges is key to ensuring a project's financial health and client satisfaction.

What cities near Baltimore, MD are hiring for Project Cost Manager jobs?

Cities near Baltimore, MD with the most Project Cost Manager job openings:

Project Cost Manager jobs near you
Infographic showing various Project Cost Manager job openings in Baltimore, MD as of August 2026, with employment types broken down into 86% Full Time, 12% Part Time, and 2% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution, with an average salary of $106,321 per year, or $51.1 per hour.

Project Cost Engineer

Hargrove Engineers and Constructors

Baltimore, MD • On-site

$120K - $140K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 24 days ago

Job description

What You'll Be Doing
Job Scope: As a Project Cost Engineer (Project Controls), you'll partner closely with Project Managers, Finance, Maintenance, Contractors, and Corporate Project Controls teams to improve project cost performance and predictability.
Primary responsibilities will include but are not limited to:
  • Develop, maintain, and analyze project budgets, forecasts, and funding reports throughout all phases of project execution.
  • Apply Grace Project Methodology (GPM) standards and project controls best practices to support successful project delivery.
  • Serve as a site subject matter expert on cost factors, contractor rates, taxation considerations, industry cost trends, and progress measurement methodologies.
  • Collaborate with Project Managers to validate project scope, review estimates, evaluate contractor proposals, and ensure comprehensive cost planning.
  • Lead the development and implementation of consistent Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) methodologies that integrate with SAP reporting and schedule management tools.
  • Support integrated cost and schedule management through alignment of project controls processes with Microsoft Project and Primavera schedules.
  • Provide detailed cost and schedule impact assessments to support project change management activities and governance requirements.
  • Facilitate collaboration between owner and contractor teams on project cost forecasting and performance analysis.
  • Partner with local and corporate Project Controls teams to identify and implement continuous improvement opportunities.
  • Support the Annual Operating Plan (AOP) process through strategic cost analysis and long-range capital forecasting.
  • Coordinate with Finance and Maintenance teams to ensure proper capital allocation, project accounting, and work order settlement processes.
  • Drive consistency, transparency, and accountability across a portfolio of simultaneous capital projects.

Below is the range that we in good faith believe is the potential compensation for this role at the time of this posting and is only applicable for jobs to be performed in Maryland. The typical base salary range for this position is just one component of Hargrove's total compensation package for Teammates. Actual compensation will be based on education, experience, skill set and location.
Minimum Salary: $120,000.00
Maximum Salary: $140,000.00
Ideal Background
Education: Bachelor's degree in Engineering, Construction Management, Finance, or a related field is required. Equivalent combinations of education, certifications, training, and relevant professional experience in cost and/or accounting will be considered.
Certification: AACE International or Project Management Institute (PMI) certification is highly preferred.
Experience: This position requires a minimum of 7 years of experience as a Cost Engineer supporting capital projects within the refining, petrochemical, chemical, or related industrial sector.
Required Knowledge, Skills, and Abilities:
  • Experience utilizing SAP for project cost management and reporting.
  • Cost portfolio management on projects of various sizes; typically, in the range of $250M - $20MM.
  • Sound knowledge, proven skills, and competencies in application of project cost control principles, methodologies and tools, supporting all phases of project execution, especially around Project Cost Control, Forecasting and Reporting, within a project-oriented Owner Organization. Must be able to deliver accurate cost information, reporting and guidance to management.
  • Ability to manage project costs using a capital stage gate methodology.
  • Proficient in the use of Microsoft Office products.
  • Ability to work unsupervised.
  • Ability to communicate effectively at different levels of an organization.
  • Understanding of Earned Value Methodologies.
  • Ability to manage a portfolio of many simultaneous projects.
  • Ability to challenge the status quo.
  • Cost management experience with multiple foreign exchanges.

Physical Requirements
  • Ability to sit, stand, or walk for long periods of time.

Hargrove Culture
We work to create an environment founded on trust, personal integrity, and a "team mentality" so that each person understands the value of their contributions both on a project and company-wide level. We know that each person on our team contributes to the success of our company by pairing expertise and passion to meet and exceed the needs of the clients we serve across the globe.
Our safety culture protects and promotes the well-being of every person who works with us and every person touched by our work.
As a 100% Teammate owned company, we proudly offer a comprehensive benefits package including, paid holidays, personal paid time off, medical, dental, vision, life, and disability insurance, 401(k), and other benefits to eligible Teammates.
Equal Opportunity Employment Statement
Hargrove is an Equal Opportunity/Affirmative Action employer. We do not discriminate based upon race, color, national origin, religion, age, sex (including gender, sexual orientation, pregnancy, sexual identity, marital or family status), disability, military service or obligations, veteran status, or any other characteristic protected by law.
Hargrove is a drug-free workplace.
The selected candidate must be authorized to work in the United States.

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