Sr. Cost Control Engineer

Overview

Job Description

• Cost Planning & Budget Development

• Prepare detailed project budgets, baseline cost plans, and cost breakdown structures (CBS).
• Review tender estimates and align project budgets with awarded contract values.
• Develop cost control procedures, templates, and reporting formats for project teams.
• Establish cost codes and ensure proper allocation of costs across project activities.

• Cost Monitoring & Control

• Track and monitor project expenditures, commitments, and cost-to-complete values.
• Analyze variances between actual costs, budgeted costs, and forecasted values.
• Identify cost overruns, inefficiencies, and financial risks, and recommend corrective actions.
• Monitor productivity rates, resource usage, and material consumption to ensure cost efficiency.
• Coordinate with procurement, planning, and site teams to validate cost data.

• Forecasting & Financial Reporting

• Prepare monthly cost reports, dashboards, and financial summaries for management review.
• Update cost-to-complete forecasts and cash flow projections.
• Conduct trend analysis and scenario modeling to support decision-making.
• Ensure accurate reporting of WIP (Work in Progress) and earned value metrics.

• Change Management & Claims Support

• Evaluate cost impacts of variations, change orders, and design modifications.
• Prepare cost impact assessments and support commercial teams in pricing variations.
• Coordinate with planning and QS teams to prepare claims and EOT justifications.
• Maintain detailed records of changes, approvals, and cost adjustments.

• Subcontractor & Supplier Cost Oversight

• Review subcontractor and supplier cost proposals for accuracy and compliance.
• Monitor subcontractor cost performance and validate payment applications.
• Ensure alignment between subcontractor budgets and project cost plans.
• Support procurement teams with cost benchmarking and market price analysis.

• Systems, Processes & Continuous Improvement

• Utilize ERP and cost management software to maintain accurate cost data.
• Improve cost control processes, reporting tools, and data accuracy.
• Train and mentor junior cost engineers and project staff.
• Support internal and external audits by providing required cost documentation.

• Coordination & Stakeholder Communication

• Work closely with project managers, planners, QS teams, and finance departments.
• Participate in project review meetings and present cost performance updates.
• Communicate cost risks, opportunities, and recommendations to senior management.
• Ensure transparency and accuracy in all cost-related communications.

Education

• Bachelor’s degree in Civil Engineering, Quantity Surveying, Project Management, or related field.
• Professional certifications such as CCP (Certified Cost Professional), PMP, or RICS are an advantage.

Experience

• 12–15 years of experience in cost control within a contracting or construction company.
• Strong background in large-scale civil, infrastructure, or MEP projects.
• Proven experience in budgeting, forecasting, cost reporting, and financial analysis.
• Hands-on experience with ERP systems and cost control software (e.g., Primavera, SAP, Oracle).

Skills & Competencies

• Advanced knowledge of cost control principles, project accounting, and financial analysis.
• Strong analytical and numerical skills with high attention to detail.
• Proficiency in MS Excel, ERP systems, and project control tools.
• Excellent communication, coordination, and presentation skills.
• Ability to work under pressure and manage multiple priorities.
• Strong problem-solving skills and strategic thinking.
• High level of integrity, accuracy, and professionalism.

Additional Information