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

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 ... Ability to effectively manage multiple project responsibilities * Previous experience in driving ...

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 ... Ability to effectively manage multiple project responsibilities * Previous experience in driving ...

Weirestoration

Project Manager

Baltimore, MD · On-site

$80 - $100/hr

Prepare project cost estimates, including labor and material take-offs, to establish project budgets. * Assemble work schedules and production reports based on the scope of work. * Manage overall ...

New

Goucher College

Capital Project Manager

Baltimore, MD · On-site

$125K - $148K/yr

Routinely validate project schedules, monitor project cost controls, resolve coordination issues across the College's portfolio of projects. * Manage the process for reviewing and monitoring project ...

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All JobsProject Cost JobsProject Cost Manager JobsProject Cost Manager Jobs in Baltimore, MD

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 Sep 4, 2026, the average yearly pay for project cost manager in Baltimore, MD is $106,326.00, 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, 13% Part Time, and 1% Contract. Highlights an 79% Physical, 2% Hybrid, and 19% Remote job distribution, with an average salary of $106,326 per year, or $51.1 per hour.

Senior Substation Estimator / Cost Engineer

GFT.

Owings Mills, MD • On-site, Remote

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 2 days ago

Job description

GFT is seeking a highly qualified Senior Substation Estimator / Cost Engineer to support major electric utility transmission and substation projects. This position can be remote with periodic travel to client offices and project sites. 

This position will serve as the lead estimating resource within integrated project delivery teams and will be responsible for developing project cost estimates, evaluating contractor proposals, supporting procurement activities, reviewing change orders, and providing project cost forecasting throughout the project lifecycle.

The successful candidate will have extensive experience estimating high-voltage transmission and substation projects and possess a strong understanding of utility construction means, methods, costs, and contracting strategies. The role supports project management and construction management services associated with utility capital infrastructure programs.

At GFT, we're not just engineering the future; we're meticulously building it. Our comprehensive suite of construction and program management services reflects our unwavering commitment to excellence, safety, innovation, and sustainability. Our construction management services are the cornerstone of our commitment to transforming communities and enhancing lives. We oversee every construction phase to help ensure projects are completed on schedule, within budget, and to the highest safety and quality standards.

In this capacity, the successful candidate will be responsible for the following:

Construction Cost Estimating
  • Develop conceptual, preliminary, and detailed construction cost estimates for utility transmission and substation projects.
  • Prepare engineer's estimates using design drawings, specifications, vendor information, and field data.
  • Perform detailed quantity takeoffs for civil, structural, electrical, relay, and commissioning work.
  • Develop labor, equipment, material, subcontractor, indirect, escalation, and contingency costs.
  • Prepare estimate basis documentation, assumptions, exclusions, and risk assessments.
  • Support project authorization packages and funding approval efforts.
  • Participate in estimate reviews, validation, and challenge sessions.
Procurement Support
  • Participate in contractor and supplier procurement activities.
  • Prepare bid tabulations and comparative cost analyses.
  • Review contractor proposals and evaluate pricing competitiveness.
  • Support development of construction procurement packages and technical specifications.
  • Assist project teams with contractor selection and award recommendations.
  • Review supplier quotations and major equipment pricing.
Cost Engineering & Financial Management
  • Develop and maintain project cash-flow forecasts.
  • Support budgeting, forecasting, and variance analysis activities.
  • Monitor project cost performance and identify potential budget risks.
  • Support project managers during financial reviews and forecasting cycles.
  • Assist with project reporting and cost-status updates.
  • Provide cost-risk evaluations and contingency recommendations.
Contract & Change Management
  • Review contractor change requests and change orders.
  • Prepare independent estimates for contract modifications.
  • Analyze labor productivity, equipment costs, and material pricing.
  • Support negotiations involving scope changes and construction claims.
  • Identify and communicate financial impacts associated with project risks and scope changes.
Project Integration
  • Collaborate with project managers, engineers, construction managers, procurement specialists, and client stakeholders.
  • Participate in constructability reviews and risk assessments.
  • Support development of project execution plans and cost-control strategies.
  • Provide management with clear and concise cost-related analyses and recommendations.
  • Assist in development of project funding and authorization packages.
What you will bring to our firm: 
  • Bachelor's Degree in Engineering, Construction Management, Quantity Surveying, Business, or related field preferred.
  • Minimum 10 years of construction estimating experience.
  • Minimum 5 years of experience estimating electric utility, transmission, or substation projects.
  • Demonstrated experience preparing estimates for projects exceeding $10 million in construction value.
  • Experience reviewing contractor bids and evaluating change orders.
  • Strong understanding of utility construction contracting practices.
  • Advanced Microsoft Excel skills.
  • Excellent written, verbal, and interpersonal communication abilities.
 What we prefer you bring: 
  • AACE Certified Cost Professional (CCP).
  • Certified Estimating Professional (CEP).
  • Project Management Professional (PMP).
  • Utility owner, EPC, EPCM, PMOC, or Owner's Engineer experience.
  • Experience supporting investor-owned utility clients.

Familiarity with:

  • Utility construction contracts
  • Cost forecasting methodologies
  • Earned value concepts
  • Utility capital project delivery
Desired Technical Experience

Candidates should have experience estimating projects involving:

  • High-voltage substations (115kV-500kV)
  • Circuit breaker replacements and upgrades
  • Protection and control systems
  • Relay and metering installations
  • Underground cable and duct bank construction
  • Equipment foundations and structural steel
  • Site civil improvements and grading
  • Testing and commissioning activities
  • Utility outage-driven construction programs
Compensation:The salary range for this role is $125,000 - $160,000. Salary is dependent upon experience and geographic location. Featured Benefits:  Comprehensive benefits package including wellness programs, parental leave, and pet insurance, in addition to medical, dental, vision, disability, and life insurance. Tax-deferred 401(k) savings plan. Competitive paid-time-off (PTO) accrual. Tuition reimbursement for continued education. Commitment to professional development, access to internal and external training programs, and support of active participation in professional organizations Incentive compensation for eligible positions.

At GFT, a privately held AEC firm, we innovate where transportation, water, power, and buildings converge. We call this the Infrastructure of Life. We measure our success by the strength of our relationships - that's why we're the employer of choice for 5,000+ of the industry's brightest engineers, planners, architects, inspectors, designers, and more.

Our clients choose us for our expertise and prefer us for our nimble approach, creativity, and personal touch. Backed by over a century's experience, together we're building a lasting legacy for future generations: stronger communities, a healthier planet, and better lives.GFT: Ingenuity That Shapes Lives is an Equal Opportunity Employer. All qualified candidates will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veterans' status or other characteristics protected by law.

Unsolicited resumes from third party agencies will be considered the property GFT.

Location: Mid-Atlantic areaCore Business Hours: 8:00 AM - 5:00 PMEmployment Status: Full-Time Salary Range: $140,000 - $160,000Salary dependent upon experience and geographic location

GFT does require the successful completion of a criminal background check for all advertised positions.

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Employment Type: FULL_TIME

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