Cost Control Engineer

Overview

Key Responsibilities

• Review and analyze project budgets and cost estimates to ensure alignment with the approved scope of work.
• Evaluate contractors' financial proposals and prepare cost comparisons and recommendations.
• Conduct cost benchmarking and variance analysis against previous or similar projects.
• Review periodic cost reports and verify financial data submitted by contractors and consultants.
• Monitor project budgets, commitments, and expenditures against approved allocations.
• Assess change orders and evaluate their financial impact, providing recommendations for approval or rejection.
• Analyze the relationship between project progress and actual expenditures.
• Verify material quantities against approved drawings and specifications.
• Maintain accurate cost records, invoices, and project financial documentation.
• Review bank guarantees and financial securities submitted by contractors to ensure contractual compliance.

Qualifications

• Bachelor's degree in Industrial Engineering, Mechanical Engineering, Civil Engineering, or a related field.

Preferred Qualifications

• Experience in cost control, project cost management, or project controls.
• Strong analytical and financial reporting skills.
• Proficiency in Microsoft Excel and cost management/reporting tools.
• Experience in construction, industrial, or manufacturing projects is preferred.
• Excellent communication and problem-solving skills.