Cost Control Engineer - Civil

Job Purpose: To monitor, control, and analyze project costs throughout the lifecycle of construction projects, ensuring that financial targets and budgets are achieved. The role focuses on maintaining cost efficiency, providing accurate financial reports, and supporting management in decision-making to ensure profitability and cost optimization within civil contracting projects. Key Responsibilities: 1. Cost Planning and Budgeting • Develop and maintain detailed project cost estimates, budgets, and cash flow forecasts for civil works. • Prepare project cost breakdown structures (CBS) aligned with WBS (Work Breakdown Structure). • Review tender documents and assist in establishing project cost baselines. • Coordinate with the Quantity Surveying and Planning departments to align budgeted costs with project schedules. 2. Cost Monitoring and Control • Track and monitor actual costs against approved budgets and forecasts on a regular basis. • Identify variances and deviations from the budget and prepare cost variance analysis reports. • Monitor project commitments, expenditures, and forecasts to ensure accurate reporting of financial status. • Validate and verify subcontractor and supplier invoices to ensure compliance with contract terms and cost allocations. • Review and approve cost coding in coordination with the accounting department. 3. Reporting and Analysis • Prepare monthly cost reports, including Earned Value Management (EVM) analysis, cost-to-complete forecasts, and financial summaries. • Support management with cost-related data for project progress reviews and executive meetings. • Maintain detailed records of all cost-related information for auditing and financial reviews. • Highlight areas of potential cost overrun and recommend corrective actions. 4. Change Management and Claims • Track and evaluate change orders, variations, and potential claims affecting project cost and time. • Collaborate with Project Engineers, Quantity Surveyors, and Planning Engineers to assess the cost impact of scope changes. • Ensure all variations are captured and reported to the Project Manager for timely client approval. 5. Coordination and Communication • Liaise with the Project, Planning, Procurement, and Finance teams to ensure accurate cost allocation and reporting. • Participate in project progress and coordination meetings to provide financial insights. • Ensure all cost data aligns with project schedules, procurement logs, and progress reports. 6. Forecasting and Risk Management • Prepare project cost forecasts, incorporating progress trends and productivity performance. • Identify potential financial risks, opportunities, and recommend mitigation measures. • Support in developing project cash flow and revenue recognition forecasts. Qualifications and Experience: • Education: Bachelor’s Degree in Civil Engineering or Construction Management. • Experience: Minimum 5 years of experience in cost control within a civil construction or contracting environment (high-rise / mixed-use projects preferred). • Software Skills: • ERP or project control systems (SAP, Oracle, or Primavera Cost Manager). • MS Excel (advanced), Power BI (preferred). • Primavera P6 for cost–schedule integration. • Certifications (preferred): • CCP (Certified Cost Professional) – AACE • PMP – PMI or equivalent Show more Show less

Education: Bachelor’s Degree in Civil Engineering or Construction Management. Experience: Minimum 5 years of experience in cost control within a civil construction or contracting environment (high-rise / mixed-use projects preferred). Software Skills: ERP or project control systems (SAP, Oracle, or Primavera Cost Manager); MS Excel (advanced); Power BI (preferred); Primavera P6 for cost–schedule integration. Certifications (preferred): CCP (Certified Cost Professional) – AACE; PMP – PMI or equivalent.

Cost Planning and Budgeting: Develop and maintain detailed project cost estimates, budgets, and cash flow forecasts for civil works. Prepare project cost breakdown structures (CBS) aligned with WBS. Review tender documents and establish project cost baselines. Coordinate with Quantity Surveying and Planning departments to align budgeted costs with project schedules. Cost Monitoring and Control: Track actual costs against budgets; identify variances; prepare cost variance analysis; monitor commitments and forecasts; verify invoices for contract terms; review and approve cost coding with accounting. Reporting and Analysis: Prepare monthly cost reports including Earned Value Management (EVM) analysis, cost-to-complete forecasts, and financial summaries; support management with cost data; maintain records for audits; highlight cost overruns and recommend actions. Change Management and Claims: Track change orders and variations; assess cost impact; collaborate with Project Engineers and Planning Engineers; ensure variations are reported for client approval. Coordination and Communication: Liaise with Project, Planning, Procurement, and Finance teams for cost allocation and reporting; participate in progress meetings; ensure data aligns with schedules and progress reports. Forecasting and Risk Management: Prepare cost forecasts considering progress trends and productivity; identify financial risks and opportunities; assist in cash flow and revenue recognition forecasts.