| Job Location | Yanbu, Saudi Arabia |
| Education | Bachelor's degree / higher diploma |
| Salary | Not Mentioned |
| Industry | Construction & Building |
| Functional Area | Not Mentioned |
The Principal Cost / Quantity Surveying Eningeer will be responsible for cost control, forecasting and review of contractor?s invoices. The Principal Cost Engineer provides a major role in enforcing the contractual responsibilities of the RCHQ Contractor?s cost performance.? Within the framework of the assigned project area, he monitors and advises the RCHQ contractor on cost, change-order and invoice matters ? collecting, evaluating, forecasting and estimating cost/ invoice data as requested by management.Responsibilities:Develops systems which provide project management with needed cost and invoice control information.Directs contractor through the post-award conference and subsequent meetings on establishing a contract breakdown for progress monitoring, cash flow preparation, work estimate preparation, documentation requirements and other financial related matters.Prepares commitment and expenditure fiscal requirements forecast which eventually become the annual budget.? Performs variance analyses offering explanations for deviation from planned levels of commitments and expenditures.Reviews and validates contractor?s work estimates, change order requests and invoices for accuracy, consistency and continuity of cost data. Participates in field surveys of completed work to verify contractor claimed quantities on work estimates.Established and maintains cost control tracking on unit price contracts ? monitoring the latest estimate-to-complete quantities vs. contract quantities and alerting management of any potential overruns well before they occur.Assists the Senior Resident Construction Manager in identifying, preparing and documenting change orders which affect cost. Closely coordinates with the Contractor?s Estimator on those estimates requiring his expertise.Responsible for establishing the CVFC (Contracts Value Forecast at Completion by assigning trends to all forecast changes affecting cost, scope or schedule.Responsible to alert management to any potential Royal Commission financial exposure relating to a particular contract be it due to contractor?s financial instability, claims, over-billing or failing to follow contractual requirements.Responsible for updating relevant CSR?s (Contract Status Reports) on all active contracts in the Program Progress Report by indicating contract values, forecast values, scheduled and actual expenditures and percentage progress billed.Responsible for updating forecast values of active contracts in the cost-reimbursable/unit price contract report by incorporating potential modifications and updating actual expenditures.
Keyskills :
Quantity Surveying Cost Engineering
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