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Cost Engineer

  • Full Time
  • First Shift (Day)
  • Experience: Fresh
  • Al Khobar, Saudi Arabia
  • 1 Vacancy

Job Summary

  • Develop, issue and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown 
    Structure (CBS) for specific scopes
  • Liaise with other Project Controls disciplines and functions, assist and support in the development 
    of project budgets in accordance with the Basis of Estimate including statements of work scope, 
    assumptions, man-hour estimates, narratives and review & comment of client documents
  • Liaise with procurement, finance and time-capture functions, and third parties as required, to 
    ensure accurate and timely capture of procurement, materials, subcontract and labour manhour 
    costs. Ensure costs are allocated accurately in accordance with approved project WBS
  • Liaise with engineering, procurement and construction functions, and others as required, to 
    maintain awareness of project activities and their impact on the project budget, schedule and cost 
    forecast.
  • Facilitate and manage the project work approval process in terms of accurate cost code allocation 
    and initial budget set-up and approvals
  • Develop and maintain project cost budgets using appropriate software applications
  • Monitor and control cost commitments and expenditures through all phases of project lifecycle
  • Liaise with planning as required to ensure accuracy in project cost phasing and forecasting.
  • Prepare and provide project cost performance reports in accordance with project reporting 
    requirements
  • Prepare and issue updates to project cost forecasts
  • Monitor and report on cost impact of project manpower forecasts
  • Develop and issue project change orders / variations in accordance with engineering and 
    construction change notifications
  • Facilitate and communicate cost and schedule impact of change notifications.
  • Monitor overall project cost performance and contingency drawdown.
  • Attend project meetings as required.
  • Coordinate the project cost close-out process.
  • Attend cost & estimate risk analysis sessions as required
  • Participate in Project Controls Compliance and Continuous Improvement Reviews
  • Assist and support in the mentoring of junior Cost personne