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Cost Engineer

1.00 to 10.00 Years   Saudi Arabia   04 Jul, 2022
NES Fircroft
1 Jobs Openings
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryOther Business Support Services
Functional AreaNot Mentioned

Job Description

Position: - Cost EngineerLocation: - Saudi ArabiaMinimum Requirements

  • hold a bachelors degree in Engineering
  • You will have a minimum of 10 Years cost engineering experience in oil and gas, petrochemical, refinery projects or facilities, with at least seven 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.
  • A certification from Professional Organization is highly recommended.
Key Responsibilities
  • Cost analysis, cost controls and reporting activities for Capital and non-Capital projects.
  • 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.
  • Organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.
  • Ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.
  • Proactively advise management when forecasted costs exceed the approved budget.
  • Use statistical tools to analyze costs metrics and perform risk analysis.
  • Analyze contractors cost reports and extract required data for management reporting.
  • Prepare and report cost engineering information on a monthly basis and additional ad-hoc reports as required by Management.
  • Provides all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the engineering, procurement and construction contracts.
  • Collects, monitors, analyzes and reports all cost information through the Project Manager.
  • Review and analyze all claims and Change Orders on project contracts.
  • Participate in the negotiation of project contracts as required.
  • Initiates appropriate action when total forecast indicates allocated funds will be exceeded.
With over 90 years combined experience, NES Fircroft (NES) is proud to be the worlds leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining, Automotive and Chemicals sectors worldwide.With more than 100 offices in 45 countries, we are able to provide our clients with the engineering and technical expertise they need, wherever and whenever it is needed. We offer contractors far more than a traditional recruitment service, supporting with everything from securing visas and work permits, to providing market-leading benefits packages and accommodation, ensuring they are safely and compliantly able to support our clients.

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