Cost Engineer📣 Job Ad

Job Description – Senior Cost / Estimation Engineer

The Senior Cost / Estimation Engineer will be a key player in managing cost estimation, cost planning, and cost control activities across multiple projects. You will ensure accurate cost forecasting and successful project delivery.

Key Responsibilities:

• Prepare detailed cost estimates for all project phases including concept, design, tender, construction, and closeout.
• Develop and maintain project cost plans, budgets, and forecasts.
• Review and validate contractor/consultant cost estimates and proposals.
• Support tender evaluation and recommendations during procurement.
• Monitor project costs, track variations, and prepare regular cost reports.
• Perform value engineering and risk-based cost assessments.
• Coordinate with project teams to ensure integrated cost control.
• Prepare management presentations and advise senior leadership on cost-related matters.

Qualifications & Experience:

• Bachelor’s degree in civil engineering, Quantity Surveying, or related discipline.
• Minimum 10+ years in cost estimation and control, especially in a PMC/Consultancy environment.
• Strong knowledge of cost estimation techniques and construction contracts.
• Proficient in cost management software.
• Excellent analytical and problem-solving skills.
• Strong communication skills in English; Arabic is an advantage.
• Certifications like MRICS, CCP, or PMP are preferred.

Key Competencies:

• Attention to detail and accuracy.
• Strong commercial awareness.
• Ability to work under pressure and meet deadlines.
• Leadership skills to guide junior engineers.
• Strong interpersonal skills for client engagement.

Join Wood as a Cost Engineer and become part of a vibrant team working on exciting oil and gas projects. In this role, you will play a critical part in project execution and cost management.

Responsibilities:

• Develop, issue, and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes.
• Liaise with various project functions to assist in the development of project budgets, ensuring all scopes and assumptions are accurately reflected.
• Work closely with procurement, finance, and third parties to capture all relevant costs accurately.
• Maintain project cost budgets and monitor expenditures through all phases of the project lifecycle.
• Prepare project cost performance reports and forecasts in accordance with reporting requirements.
• Attend project meetings and manage the project work approval process.
• Facilitate communication between project teams regarding cost and schedule impacts of changes.

Qualifications:

• Bachelor's Degree in a relevant technical or business discipline.
• Minimum of 8 years of relevant cost experience with proficiency in cost management tools and techniques.
• Understanding of project management principles and change management processes.

At Wood, we embrace diversity and encourage applications from all suitably qualified candidates. Our teams thrive on a rich variety of perspectives, experiences, and skills.

Join Our Team as a Cost Engineer!
Are you ready to take your career to the next level? Alfalak Electronic Equipment & Supplies Co. is seeking a skilled and motivated Cost Engineer to join our dynamic team in Al Khobar. As a leading IT and communications solution provider in Saudi Arabia with over 43 years of experience, we are focused on delivering innovative solutions that meet our clients' needs.

Job Overview:
The Cost Engineer will be responsible for managing project costs, including monitoring expenditures, controlling budgets, and forecasting. Your expertise will be vital in minimizing financial risks and ensuring the efficient allocation of resources.

Key Responsibilities:

• Monitor and control project budgets and forecasts
• Prepare cost reports and track project expenditures
• Develop material take-offs and request vendor quotations
• Support in identifying and estimating scope changes
• Analyze blueprints, specifications, and project documents to assess costs
• Identify potential cost optimization opportunities

Required Skills:

• Strong analytical skills in cost estimation and forecasting
• Ability to prepare accurate cost reports and financial summaries
• Proficiency in reading project drawings and technical documents
• Experience in project budgeting and financial risk analysis

Preferred Certifications:
Certification in Financial Analysis or related discipline from an accredited institution.