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Cost Engineer PMT - Project Management Team (Oil&Gas Construction)

7.00 to 9.00 Years   SaudiArabia   21 Jul, 2023
Job LocationSaudiArabia
EducationEngineeringGraduates/PG
SalaryNot Mentioned
IndustryEngineeringOil/Gas/Petroleum
Functional AreaNot Mentioned

Job Description

You will be required to perform the following:Provide cost analysis, controls and report 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.Provide 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.Collect, monitor, analyze and report 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.Initiate appropriate action when total forecast indicates allocated funds will be exceeded.Minimum RequirementsAs the successful candidate, you will hold a bachelors degree in Engineering from a recognized university

Keyskills :
costtracking

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