Lead Cost Control Engineer

About UrbaCon Contracting & Trading Company

UrbaCon Contracting & Trading Company is seeking a Lead Cost Control Engineer for a full-time position. This role is integral to managing and optimizing project expenditures throughout the construction lifecycle, ensuring financial targets are met and cost efficiency is maximized.

Role Summary

The Lead Cost Control Engineer is responsible for overseeing cost estimation, tracking, and reporting processes. This involves identifying variances, implementing corrective actions, and supporting the timely delivery of high-quality projects through meticulous analysis and strategic planning. The role ensures strict adherence to budgetary constraints.

Key Responsibilities

• Develop and implement cost control procedures and systems to monitor project expenditures and ensure adherence to budgetary constraints.
• Collaborate with project managers and stakeholders to establish project budgets, cost forecasts, and expenditure plans.
• Conduct detailed cost estimation and analysis for project components, materials, labor, and overhead expenses.
• Track and analyze project costs, identifying variances, trends, and potential cost-saving opportunities.
• Prepare regular cost reports and presentations for project stakeholders, highlighting key financial metrics and performance indicators.
• Review contractor and vendor invoices, verifying accuracy and adherence to contract terms and pricing agreements.
• Evaluate change orders and variations to assess their impact on project costs and timelines, and negotiate with stakeholders as necessary.
• Implement cost control measures to mitigate risks and minimize cost overruns, including value engineering and cost-saving initiatives.
• Provide guidance and support to project teams on cost-related matters, offering recommendations for cost-effective solutions and strategies.
• Continuously monitor market trends, pricing fluctuations, and regulatory changes that may impact project costs, and adjust cost control strategies accordingly.
• Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies.

Work Type

This is a full-time position within UrbaCon Contracting & Trading Company.

Application Process

Candidates interested in this role are encouraged to apply.