Lead Cost Engineer - Cost Control

Overview

Lead Cost Engineer - Cost Control in Tabuk, Saudi Arabia is a senior construction hiring opportunity with Parsons Corporation, supporting a landmark giga project that requires strong cost governance, budget forecasting, change control, and project financial leadership. The role is suited for an experienced cost engineering professional who can manage complex budgets, guide project controls teams, identify financial risks early, and support successful delivery of major infrastructure and building packages.

• Location:
  
  Tabuk, Saudi Arabia
• Industry: Construction
• Function:
  Budgeting/Cost Control
• Experience:
  
  Minimum 10 years
• Job Type: Full-time
• Salary: 45, (range indicated; final offer to be confirmed)

• Establish and maintain project cost control systems for major infrastructure, construction, and building work packages.
• Manage project budgets, cost baselines, cash flow forecasts, cost reports, and financial tracking tools.
• Lead monthly cost reviews, variance analysis, trend assessment, and forecast‑at‑completion updates.
• Identify early signs of budget pressure, cost growth, commercial exposure, or potential overruns.
• Oversee the change management workflow for variations, claims, scope adjustments, and approved cost changes.
• Review cost impacts and ensure all approved changes are reflected accurately in budgets and project forecasts.
• Prepare executive financial dashboards, cost performance reports, and high‑level summaries for Parsons leadership and client representatives.
• Guide and mentor cost engineers, helping the team apply consistent cost control methods and reporting standards.
• Coordinate with project managers, commercial teams, planners, quantity surveyors, finance teams, and discipline leads.
• Support earned value analysis, cost performance measurement, risk reviews, and corrective action planning.
• Review contractor cost submissions, progress data, payment forecasts, and supporting commercial documentation.
• Promote compliance with project governance, Parsons procedures, client requirements, and cost‑management best practices.

• Bachelor's degree in Civil Engineering, Construction Management, Quantity Surveying, or a closely related field.
• Minimum 10 years of progressive experience in cost engineering, cost control, or project controls.
• Strong background on mega‑scale or giga‑scale engineering, infrastructure, or construction projects.
• Proven ability to manage budgets, forecasts, variance reports, change control records, and financial dashboards.
• Solid understanding of project controls, earned value management, cost reporting, and commercial governance.
• Experience leading or mentoring cost engineering teams in a fast‑paced project environment.
• Advanced proficiency with project controls platforms such as Primavera P6, Cleopatra, PRISM, ERP systems, or similar tools.
• Expert‑level Microsoft Excel capability for cost modeling, reporting, forecasting, and analysis.
• Certification such as CCP, EVP, RICS, AACE, or an equivalent professional credential is highly preferred.
• Strong communication, negotiation, leadership, and stakeholder management skills.
• Ability to work on‑site in Tabuk, Saudi Arabia.

• Cost engineering, cost control, budget management, budget forecasting, cash flow forecasting, variance analysis, trend analysis, change control, claims review, cost reporting, project controls, earned value management, forecast at completion, infrastructure cost management, construction cost management, financial dashboards, executive reporting, contractor cost review.
• Platforms:
  Primavera P6, Cleopatra, PRISM, ERP systems.
• Microsoft Excel expertise.
• Team leadership, stakeholder coordination.
• Certifications:
  
  AACE, CCP, EVP, RICS.

This role offers the chance to contribute to one of Saudi Arabia's most ambitious giga‑project environments while leading cost control on complex construction packages. The position provides strong exposure to senior stakeholders, large‑scale project delivery, advanced project controls systems, and long‑term career growth within a global engineering and infrastructure company.

Parsons Corporation is a global engineering, construction, project management, and technology company delivering major infrastructure, urban development, transportation, and program management solutions. In Saudi Arabia, Parsons supports large and complex development programs through multidisciplinary engineering, project controls, cost management, digital delivery, and construction supervision expertise.