Cost Control Engineer

About the role

Requirements

• - Bachelor's degree in Civil Engineering, Quantity Surveying, Construction Management, or a related engineering/construction discipline.
• - Proven experience as a Cost Control Engineer / Project Cost Control Engineer within the construction industry.
• - Mandatory: Previous experience working directly for a construction company.
• - Strong understanding of construction project cost control and project financial management.
• - Hands-on experience with project budgets, cost forecasting, commitments, variations, and cost reporting.
• - Experience with EAC, ETC, actual vs. budget analysis, accruals, and cost-to-complete forecasting.
• - Strong knowledge of construction project expenditures, subcontractor costs, procurement, and material costs.
• - Ability to analyze cost variances and identify potential project cost overruns.
• - Strong MS Excel skills and experience with relevant ERP/project management/cost-control software.
• - Good understanding of construction contracts, BOQs, variations, subcontractor agreements, and project documentation.
• - Strong analytical, numerical, and reporting skills.
• - Excellent coordination and communication skills.
• - Ability to work closely with project and site teams.
• - Must be willing to work on-site in Dubai.
• - UAE construction experience is highly preferred.

Responsibilities

• - Monitor and control project costs from project commencement through completion.
• - Prepare and maintain project budgets, cost plans, forecasts, and cost reports.
• - Track actual project expenditure against approved budgets and identify variances.
• - Monitor commitments, purchase orders, subcontractor costs, material costs, and site expenditures.
• - Maintain project cost codes and ensure accurate allocation of project costs.
• - Prepare monthly cost-control reports and provide analysis to project management.
• - Monitor project progress against budget and forecast the expected final cost.
• - Prepare and maintain Estimate at Completion (EAC) and cost-to-complete forecasts.
• - Identify potential cost overruns and provide recommendations for corrective action.
• - Monitor and assess the financial impact of project variations, claims, and change orders.
• - Coordinate with Project Managers, Quantity Surveyors, Procurement, Finance, and Site Engineers regarding project costs.
• - Review subcontractor and supplier commitments and ensure they are accurately reflected in project cost reports.
• - Monitor accruals, invoices, commitments, and actual costs.
• - Assist in project cash-flow forecasting and expenditure planning.
• - Analyze cost trends and provide management with accurate financial information for decision-making.
• - Ensure proper documentation and reporting of project costs in accordance with company procedures.
• - Support project teams in maintaining cost efficiency and minimizing unnecessary expenditure.

Skills

• MS Excel
• ERP/project management/cost-control software
• BOQs (Bills of Quantities)
• cost reporting
• EAC (Estimate at Completion)
• ETC (Estimate to Complete)
• cost-to-complete forecasting
• actual vs. budget analysis
• accruals
• subcontractor costs
• procurement
• material costs
• variance analysis
• financial forecasting