Cost Control Engineer

About the Project and Role

Rashid ICtas Company is seeking a Cost Control Engineer for a full-time position in Riyadh. This role is integral to a significant mega-infrastructure project focused on constructing complex interchanges, bridges, and extensive road systems. The project aims to enhance urban mobility in Riyadh by reducing congestion and travel times, aligning with Saudi Vision 2030's goals for economic growth and a modern transportation network.

Role Overview

The Cost Control Engineer will be responsible for developing and implementing robust cost control systems for roads and bridges projects. This involves ensuring accurate expense tracking, budget adherence, and providing financial insights to project management. The position requires a professional with over 10 years of experience in cost control within large-scale infrastructure projects.

Key Responsibilities

• Develop and implement comprehensive cost control systems for roads and bridges projects, ensuring accurate expense tracking and budget adherence to enhance project profitability.
• Conduct detailed cost analysis and prepare financial reports to provide insights into project performance, identifying variances and recommending corrective actions to project managers.
• Collaborate with project managers and engineers to establish project budgets, ensuring all cost estimates are realistic and aligned with project objectives.
• Monitor ongoing project expenses, providing regular updates to senior management regarding financial status and potential risks that could impact budget adherence.
• Lead cost forecasting efforts, utilizing historical data and market trends to predict future expenses and adjust budgets accordingly to maintain financial health.
• Evaluate subcontractor bids and proposals, ensuring all costs are justified and aligned with project specifications to contribute to informed decision-making.
• Implement and maintain effective change order processes to manage scope changes and their financial implications, ensuring all adjustments are documented and approved.

Qualifications and Experience

• A minimum of 10 years of experience in cost control, preferably within large-scale infrastructure or transportation projects.
• Demonstrated ability to develop, implement, and manage cost control systems.
• Strong analytical skills for cost analysis, financial reporting, and variance identification.
• Experience in budget establishment, expense monitoring, and financial risk assessment.
• Proficiency in cost forecasting techniques and evaluating subcontractor proposals.

Work Environment

This is a full-time position based in Riyadh, contributing to a landmark development that will redefine urban mobility in the capital. The role offers an opportunity to work on a strategic project aligned with national development goals.

Application Process

Qualified candidates are invited to apply for this position. Salary details will be discussed during the interview process.