Principal Engineer - Cost Control

Overview

Principal Engineer - Cost Control role . This position involves leading cost control efforts for projects and maintaining cost efficiency throughout the project lifecycle.

• Establish a process of information flow with respect to each expense head, such as design heads, equipment/material procurement, logistics costs, mobilization and demobilization of personnel/machineries, sub-contractors cost/claims and other relevant costs like customs, duties, liabilities, and insurance.
• Provide assigned project cost estimates including material, manpower and equipment/material costs, subcontracts, third party services, and financial costs.
• Coordinate with project engineers to clarify queries and discrepancies.
• Arrive at Estimate to Complete (ETC) cost for the remaining work and coordinate with different disciplines to obtain ETC cost.
• Prepare periodic reports on the status of costs incurred and the variances of budgeted versus actual costs in consultation with the supervisor/Project Manager.
• Monitor costs and generate variance reports as required and forward to the Supervisor/Project Manager for review.
• Assess potential variations/claims from sub-contractors/vendors.
• Participate in project review meetings and provide cost-related data as required.
• Interface with project engineers and Accounts to provide clarification and support cost control processes.
• Propose improvements to the process of effective cost control and develop a historical cost database for future reference.
• Provide training and guidance to new/junior Cost Control personnel.

• Engineering Degree with minimum 15 years of experience, including at least five years in the Cost Control function of EPC medium projects, preferably the last 2 years in Cost Control within the Oil & Gas field.

Apply Now!

• Mid-Senior level

• Full-time

• Management and Manufacturing

• Internet Publishing

Referrals increase your chances of interviewing  by 2x

Dubai, Dubai, United Arab Emirates