Cost Control Engineer
Full Job Posting
- Establish and maintain the project cost breakdown structure aligned with the WBS for accurate cost tracking and reporting
- Prepare, review, and update the project budget in coordination with project managers, planners, and quantity surveyors
- Monitor and record all committed costs, actual expenditures, and remaining forecasts against the approved budget at cost code level
- Implement Earned Value Management (EVM) to measure project cost and schedule performance using CPI, SPI, and variance analysis
- Analyse variances between budget, earned value, and actual cost to identify potential overruns and recommend corrective actions
- Review and validate subcontractor and supplier cost data, ensuring alignment with contractual terms and project scope
- Coordinate with the planning engineer to integrate cost and schedule data for accurate forecasting and reporting
- Track changes to the project scope through approved change orders and update cost forecasts accordingly
- Monitor site productivity rates, equipment utilization, and material wastage to assess cost impacts and efficiency improvements
- Prepare and issue weekly and monthly cost control reports for management and client review, including trend analysis and forecasts to completion (EAC)
- Verify and reconcile site material usage against procurement records to detect variances or potential losses
- Liaise with procurement to ensure purchased materials and services align with budgetary allocations and project timelines
- Participate in progress meetings to present cost performance metrics and highlight financial risks or opportunities
- Assist project management in claims preparation by providing accurate cost data and historical cost records
- Maintain detailed cost records, invoices, and backup documentation for audits, interim valuations, and final accounts
- Ensure compliance with company cost control procedures and Dubai client-specific cost reporting standards
- Support finance and commercial teams during project cash flow preparation and update based on actual site progress and EVM analysis
Education
- Bachelor's (Preferred)
Experience
- high-rise residential: 5 years (Preferred)
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