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COST ENGINEER

1.00 to 10.00 Years   Saudi Arabia   17 Nov, 2023
Job LocationSaudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryCivil Engineering
Functional AreaNot Mentioned

Job Description

Responsibilities:Budget Management: Work closely with project managers to develop project budgets, monitor expenses, and track budget variances. Identify cost-saving opportunities and propose recommendations.Cost Control: Continuously monitor and control project costs, identify discrepancies or deviations from the budget, and provide timely cost reports to the project team.Invoicing: management of project-related revenue invoicing, including; coordination with the project and technical teams, then preparation, negotiation, submission, and monitoring of the invoice process.Project Performance Analysis: Evaluate the financial performance of ongoing projects, identifying areas of concern and proposing corrective actions to ensure financial targets are met.Change Order Management: Assess and manage any changes in project scope, specifications, or requirements, and determine their impact on project costs and timelines.Risk Assessment: Identify potential risks and opportunities related to the projects cost management and develop strategies to mitigate risks and exploit opportunities.Variations and Claims: Assist in administering subcontractor claims and variations, ensuring they are properly documented, assessed, and resolved within the projects contractual framework.Quality Control: Collaborate with project engineers to ensure that work is completed according to the required quality standards and specifications while staying within budget.

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