Cost Control Engineer

Role Overview

Cost Management & Reporting

• Develop, maintain, and update the Mechanical discipline cost control system based on the project Work Breakdown Structure (WBS).
• Monitor actual and forecasted costs against approved budgets and ensure variances are analyzed.
• Prepare monthly cost reports in alignment with ADNOC and Technip reporting formats.
• Track commitments, expenditures, forecasts, and invoicing progress for mechanical packages.

Forecasting & Budget Control

• Review and validate mechanical material requisitions, procurement awards, variation orders, and subcontractor invoices for cost compliance.
• Identify cost overruns, trends, and potential deviations, and provide early warnings to project management.
• Support project management in cost-to-complete and cash flow projections.

Change & Claims Management

• Evaluate Mechanical scope changes, Variation Orders (VOs), and additional works.
• Work closely with Engineering, Procurement, Construction, and Contracts teams to assess cost impacts.
• Maintain accurate register of approved and pending changes for cost tracking.

Cost Systems & Tools

• Utilize ERP systems, cost control applications, SAP/PRISM/Oracle, or equivalent tools for cost tracking.
• Ensure alignment with Technip's cost control procedures and ADNOC cost governance requirements.

Interface & Coordination

• Coordinate with multi-disciplinary teams including Engineering, Procurement, Construction, Planning, and Contracts for updated cost data.
• Participate in cost review meetings with ADNOC, Management, and Project Controls teams.

Required Competencies

• Strong analytical and financial interpretation skills.
• Solid understanding of project planning, scheduling, and progress measurement systems.
• Excellent command over mechanical construction scope in LNG or major oil & gas EPC projects.
• Capable of working under pressure and tight reporting deadlines.
• Strong communication and technical reporting skills.