Cost Control Engineer

OVERVIEW

Position

Cost Control Engineer

Job Code

Reports to

ED – Projects

Direct Reports

Division/Section

Projects

Department

Projects

Sector

Job Family

Role Purpose

• Administers budget variance tracking for the project
• Review new project budget and cost codes against estimates
• Support commercial team with post award contracts

KEY ACCOUNTABILITIES & ACTIVITIES

Key Accountabilities & Activities

• Develop and maintain detailed project cost estimates, including materials, labor, equipment, and services, ensuring accuracy and alignment with project budgets.
• Analyze project specifications and drawings to identify cost-saving opportunities and recommend cost-effective alternatives.
• Prepare and present cost reports and forecasts to project managers and stakeholders, highlighting variances between actual and budgeted costs.
• Implement and manage cost control systems to monitor project expenditures against budgets and forecasts, identifying and addressing overruns in a timely manner.
• Collaborate with procurement teams to negotiate contracts with suppliers and contractors, ensuring favorable terms and adherence to project budgets.
• Assess financial risks associated with project decisions and propose mitigation strategies to manage potential cost overruns.
• Validate contractor and supplier invoices against contract terms and project deliverables, ensuring accurate and justified billing.
• Conduct post-project audits to evaluate cost management effectiveness, identifying lessons learned and best practices for future projects.
• Managing bids from vendors and contractors
• Using bid data to prepare detailed a cost analysis
• Presenting prepared estimates to management and other stakeholders
• Compiling and recording actual costs

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

• 5 years of experience working as an estimator
• Ability to work independently
• Ability to put together a professional presentation
• Ability to create reports on costing data
• Amazing analytical and math skills
• Ability to work well on a team
• Very detail oriented
• Ability to understand technical drawings and requirements
• Deep knowledge of how processes work

Qualifications

• Bachelor’s degree in Engineering, or related field.

COMMUNICATION - MAIN STAKEHOLDERS

Internal

External