Cost Engineer

6 days ago

Hofuf, Saudi Arabia Eram Talent Full time

**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 cost metrics and perform risk analysis.:

- Analyze contractors' cost reports and extract required data for management reporting.:

- Prepare and report cost engineering information monthly 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.:
**Requirements**:

- Must hold a bachelor's degree in engineering with 5-10 years' experience managing project budgets, cost tracking, forecasting; and financial reporting with a Broad, multi-discipline knowledge and experience of cost engineering.

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