Principal Cost Engineer

We are looking to hire a **Principal Cost Engineer **within the Construction Supervision Department (CS) of our major program of works at Yanbu industrial City on the Red Sea Coast of Saudi Arabia.

The role will oversee CS Cost Control, Cost Estimation and forecasting as well as input into budget plans. Reporting to the Senior Management within the department and specifically to Construction Managers and Resident Engineers at each project, the role will interface across multiple departments and management teams in the fulfillment of duties.

Key activity for the role will include:

- Working within and developing systems for commercial analysis, budget allocation, cost estimation and invoice control.
- Responsible for of all cost engineering reports and cost control methods.
- Responsible for Construction Department operations of the work control system (work authorization and work releases) including procedural development and contact with higher management and client.
- Directs contractor through the pre and 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.
- Oversees the labor distribution for contractors, establishes new codes and tracks specific charges as required.
- 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.
- Provides technical advice on cost related or work control matters to management, provides historical manpower and Annual Implementation Plan (AIP) information on the projects since inception.
- 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 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.

The qualifications and credentials required for this include:

- Must be Bachelor’s Degree in Civil Engineering or Quantity Surveying.
- Must possess a minimum of 12 years of post-graduate experience in project cost estimation with at least 4 years of directly related senior cost engineering experience.
- Must be able to fully communicate in both written and spoken English

Furthermore
- A membership of professional association is desirable.
- Arabic Language skills are desirable.

**Minimum Clearance Required to Start**:
Not Applicable/None

Parsons is an equal opportunity employer committed to diversity in the workplace. Minority/Female/Disabled/Protected Veteran.