Senior Cost Control Engineer

About Parsons Corporation

Parsons Corporation fosters an innovative culture focused on valuing people, embracing agility, and promoting growth. The company empowers its employees to achieve their full potential within a collaborative environment.

The Role of Senior Cost Control Engineer

Parsons is seeking a Senior Cost Control Engineer to join their team in Riyadh. This full-time position involves supporting the Senior Cost Manager and Controls Manager in implementing robust cost management practices. The role focuses on pre-contract and post-contract stages, including estimating, forecasting, and reporting across a portfolio of current and future projects. The Senior Cost Control Engineer will operate within a PMO environment and collaborate with the Client, PMCMs, contractors, and key stakeholders.

Key Responsibilities

• Review material takeoffs, drawings, and plans for complex projects.
• Prepare detailed breakdowns of systems, subsystems, and work components for cost estimates.
• Analyze contract documents and modifications to identify scope elements and changes.
• Review and validate task and subtask estimates, including rates, unit costs, and quantity calculations.
• Assign material, equipment, and labor costs to estimates; obtain vendor quotations as needed.
• Maintain and update historical cost data, norms, and databases to support consistent estimating standards.
• Collect, validate, and maintain project cost data across the program.
• Perform independent analysis of project performance versus baselines, including variance analysis and forecasting.
• Support development, implementation, and maintenance of cost control systems and Earned Value Management (EVM).
• Assess the cost impact of pre-contract and post-contract design and construction changes.
• Assist in establishing and monitoring budgets, commitments, expenditures, and estimates at completion (EAC).
• Prepare and issue monthly cost reports for internal and Client review.
• Review Interim Payment Applications (IPAs/IPCs) after PMCM checks, focusing on quantities, measurement rules, valuation logic, and alignment with contractual entitlements.
• Review and quantify Change Orders, variations, and claims, performing quantity take-offs, cost impact assessments, and alignment with baseline budgets.
• Update and maintain program-level cash flow forecasts.
• Develop dashboards, presentations, and analytical summaries using charts and visual tools to communicate project status.
• Participate in Client, PMCM, and contractor meetings and prepare presentations as required.
• Provide guidance, mentoring, and quality review of work prepared by junior cost engineers or estimators.
• Ensure clarity, accuracy, and consistency in all cost-related deliverables.
• Coordinate with internal project teams, contractors, and PMCMs to ensure alignment on cost-related matters.

Qualifications and Experience

Candidates for this role should possess over 10 years of relevant experience in cost control and management within a project environment.