Job Description
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
Job Details
- Job Location
- Saudi Arabia
- Company Industry
- Other Business Support Services
- Company Type
- Unspecified
- Employment Type
- Unspecified
- Monthly Salary Range
- Unspecified
- Number of Vacancies
- Unspecified