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Cost Engineer

5.00 to 7.00 Years   Manama, Bahrain   04 Nov, 2021
Ideal Vision Consulting
1 Jobs Openings
Job LocationManama, Bahrain
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryOil & Gas
Functional AreaNot Mentioned

Job Description

Position Description?We are seeking a Cost Engineer to join our Project Management Department (PMD). The Cost Engineer will be directly responsible and accountable for managing cost, recovering cost, detecting and controlling waste, overseeing invoicing, initiating reconciliation submitting claims. PMD is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance in the following specialized domains-?

  • Refinery
  • Petrochemical
  • Smelter
  • Heavy Industries
PMD manages and executes projects usually from multiple site offices scattered throughout the Kingdom of Bahrain.?Minimum Requirements?You will have a minimum of 7 years cost engineering experience in oil and gas, petrochemical, refinery projects or facilities, with at least ten years in managing project budgets, cost tracking, forecasting; and financial reporting with a Broad, multi-discipline knowledge and experience of cost engineering for Oil and Gas projects.?Duties & Responsibilities?You will be required to perform the following:a) Cost analysis, cost controls and reporting activities for projects.b) Provide input and recommendations for cost engineering requirements relative to staffing, project controls, and preparing and analyzing comparisons of scope, quantities and cost data between the project forecasts and the budgets.?c)????Organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.?d)???Ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.?e)????Proactively advise management when forecasted costs exceed the approved budget.?f)????Use statistical tools to analyze costs metrics and perform risk analysis.?g)???Analyze contractors cost reports and extract required data for management reporting.?h)???Prepare and report cost engineering information on a weekly basis and additional ad-hoc reports as required by Management on a monthly basis.?i)?????Provides all cost engineering expertise and coordinates activities as a team member as required in preparation of cost portion of the engineering, procurement and construction contracts.?j)?????Collects, monitors, analyzes and reports all cost information through the Project Manager.?k)???Review and analyze all claims and Change Orders on project contracts.?l)?????Participate in the negotiation of project contracts as required.?m)??Initiates appropriate action when total forecast indicates allocated funds will be exceeded.?

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