Cost Control Engineer Required in Saudi Arabia

A Cost Control Engineer is responsible for overseeing and managing the financial aspects of construction and engineering projects. This role involves monitoring project budgets, analyzing costs, and implementing cost-saving measures to ensure that projects are completed within budget and without compromising on quality. The Cost Control Engineer plays a critical role in the financial health of a project by controlling expenses, forecasting costs, and ensuring that the project stays on track financially.

Key Responsibilities

Budget Development and Cost Estimation

The Cost Control Engineer works closely with project managers and engineers to develop detailed project budgets. This includes preparing cost estimates for labor, materials, equipment, and other project expenses. The engineer evaluates different cost scenarios and ensures that the budget is aligned with the project’s scope, timeline, and resources.

Monitoring Project Costs

A major responsibility of the Cost Control Engineer is to track and monitor all project costs throughout the duration of the project. This involves regularly reviewing actual expenditures against the project budget and identifying any variances. By closely monitoring costs, the engineer ensures that the project does not exceed its financial limits and that resources are used efficiently.

Cost Forecasting and Reporting

The Cost Control Engineer is responsible for preparing accurate financial forecasts and projecting future costs based on current spending patterns. This helps project managers anticipate potential financial challenges and take corrective actions before cost overruns occur. The engineer also prepares detailed cost reports, providing regular updates to senior management on the financial status of the project.

Identifying Cost-Saving Opportunities

One of the key functions of the Cost Control Engineer is to identify and recommend cost-saving measures without compromising the quality or progress of the project. This includes analyzing different procurement strategies, optimizing resource allocation, and negotiating with vendors or subcontractors for better pricing. The engineer looks for ways to improve financial efficiency while ensuring that project objectives are met.

Change Order Management

When project changes occur that affect the budget, the Cost Control Engineer manages the financial implications of these changes. This involves evaluating change orders, assessing their impact on the overall project budget, and coordinating with the project team to ensure that any cost adjustments are documented and approved. The engineer ensures that changes are handled smoothly without causing significant budget disruptions.

Ensuring Financial Compliance

The Cost Control Engineer is responsible for ensuring that all financial activities related to the project comply with company policies, contractual obligations, and regulatory standards. This includes verifying that all invoices, payments, and expenses are accurate and properly documented. The engineer also plays a role in auditing processes to ensure transparency and accountability.

Qualifications

• Bachelor’s degree in Engineering, Construction Management, Finance, or a related field.
• Proven experience in cost control, project management, or a similar role within the engineering or construction industry.
• Strong understanding of budgeting, financial analysis, and cost management.
• Proficiency in cost control software and tools, such as SAP, Oracle, or MS Excel.
• Excellent analytical, organizational, and communication skills.
• Ability to work well under pressure and meet tight deadlines.

This role requires a strong financial acumen, attention to detail, and the ability to work collaboratively with project teams to ensure the successful financial management of engineering and construction projects.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:  info@daralriyadh.com

Telephone:  +011 277 59 00