Full-time Cost engineer Jobs in Riyadh

Join Our Team as a Cost Engineer!

DAR Engineering is on the lookout for a highly skilled and detail-oriented Cost Engineer with a robust background in Power and Substation projects. This is an exciting opportunity to be part of our dynamic engineering team in Riyadh, Saudi Arabia. You will play a pivotal role in managing, analyzing, and controlling project costs throughout all phases of engineering and construction.

Key Responsibilities:

• Develop, review, and maintain project cost estimates for substation and power infrastructure projects.
• Prepare detailed Bills of Quantities (BOQs), cost breakdown structures, and cost reports.
• Conduct cost analysis and variance reporting to ensure projects remain within approved budgets.
• Coordinate with engineering teams to evaluate design changes and assess cost impacts.
• Support tender preparation, including bid evaluation and contractor price analysis.
• Review vendor quotations and subcontractor proposals to ensure alignment with cost targets.
• Implement effective cost control procedures, including change management and financial risk analysis.
• Prepare and present regular cost status reports to project leadership and stakeholders.

Qualifications:

• Bachelor’s degree in Engineering, Quantity Surveying, or a related field.
• Minimum 8+ years of experience in cost estimation and control for power projects.
• Proven experience in T&D infrastructure and EPC projects.
• Solid understanding of engineering design documents and construction processes.
• Excellent communication and analytical skills.

What We Offer: A competitive salary and benefits package, along with opportunities for professional development and career advancement.

Join us at DAR Engineering, where you will work alongside diverse and talented professionals committed to delivering innovative solutions. If you are looking for a challenging and rewarding career, apply now!

Join Wood as a Cost Engineer and become a part of a dynamic team dedicated to supporting our Projects business. We are currently involved in a strategic project with Ma’aden to develop a new gold mine and processing facility, contributing to the Kingdom’s Vision 2030 and Ma’aden’s 2040 Strategic Objectives. This crucial role will be based in Ar Rjum, KSA.

Key Responsibilities:

• Cost Estimation and Budget Development: Prepare detailed cost estimates for all phases of the mining project including exploration, development, extraction, processing, and reclamation.
• Capital and Operating Cost Control: Monitor and control project costs related to mining equipment, infrastructure, labor, materials, and consumables.
• Financial Modeling and Feasibility Analysis: Conduct economic evaluations to assess project viability.
• Tendering and Contract Management: Assist in preparing tender documents and evaluating bids.
• Cost Tracking and Variance Analysis: Analyze variances and implement corrective actions.
• Risk and Contingency Management: Identify financial risks and develop contingency plans.
• Change Order Evaluation: Assess financial impacts of design changes and process accordingly.
• Reporting and Documentation: Prepare financial reports and forecasts for stakeholders.
• Procurement Support: Support procurement activities and ensure cost-effective purchasing.
• Regulatory and Environmental Cost Compliance: Monitor costs associated with environmental permits and compliance.
• Coordination with Multidisciplinary Teams: Collaborate closely with geologists, engineers, and project managers.

Qualifications:

• Bachelor’s degree in engineering, Quantity Surveying, or related field; Master’s Degree or advanced certifications are preferred.
• Professional certifications such as Certified Cost Engineer (CCE) or Certified Cost Professional (CCP) are advantageous.
• A minimum of 5-10 years of experience in cost estimation and management within the mining industry, particularly with gold mining projects.
• Strong analytical, problem-solving, and decision-making skills.
• Proficient with cost management software and knowledgeable about mining operations.

About Wood: We are a global leader in consulting and engineering, delivering critical solutions across energy and materials markets, employing around 35,000 people across 60 countries. We are an equal opportunity employer and value diversity in our workforce.

About the Job
We are seeking a skilled Cost Engineer with a minimum of 2 years of experience to support cost control, budgeting, and commercial activities within an active construction project. The ideal candidate will work closely with the Commercial & Contract Department to ensure accurate project costing, effective cost monitoring, and compliance with contractual and financial requirements.

Key Responsibilities

• Assist in preparing, monitoring, and controlling the project budget and cost plans.
• Track and analyze project expenditures, commitments, and cost variances.
• Prepare periodic cost reports, financial forecasts, and updates for management.
• Review and verify contractor invoices, variations, and change requests.
• Support the preparation of BOQs, cost estimates, and cost breakdown structures (CBS).
• Coordinate with the planning team to align cost performance with the project schedule.
• Maintain accurate and up-to-date cost data and project documentation.
• Assist in tender evaluations, commercial comparisons, and procurement cost assessments.
• Ensure compliance with contractual, financial, and company policies.
• Collaborate with engineers, site teams, and quantity surveyors to validate on-site progress.

Qualifications
Bachelor’s degree in Engineering, Quantity Surveying, Construction Management, or a related field.

Experience
Minimum of 2 years of experience in cost engineering, cost control, or commercial support within the construction industry. Experience working on active construction sites is preferred. Strong understanding of cost analysis, budgeting, BOQs, and progress measurement is essential.

Skills

• Strong analytical and numerical abilities.
• High attention to detail and accuracy in data management.
• Good understanding of cost control methodologies and project financials.
• Proficiency in MS Excel and cost-related software/tools.
• Excellent communication and teamwork skills.
• Ability to work under pressure and manage multiple tasks effectively.
• Strong organizational and documentation skills.

Preferred Qualifications
Experience working with contracting companies in Saudi Arabia. Knowledge of cost engineering software such as Primavera, Candy, CostX, or similar is advantageous. Experience in tendering, commercial evaluations, and variation assessments is preferred. Understanding of contract forms such as FIDIC or equivalent.

About the Role
Are you an experienced Cost Control Engineer with a strong background in project budgeting and financial control? We are looking for someone to take ownership of budget monitoring, cost reporting, and enforcing purchase order (PO) gatekeeping to ensure projects stay within financial targets.

Responsibilities

• Monitor and report budget vs. actual project expenditures across multiple departments.
• Act as a gatekeeper for Purchase Orders (POs) to ensure alignment with approved budgets.
• Analyze cost variances and provide actionable recommendations.
• Collaborate with project managers, procurement, and finance teams to validate spending.
• Maintain and update cost control systems and reporting tools.
• Use ERP platforms (SAP, Oracle, etc.) and Excel/Power BI to deliver accurate cost reports.

Requirements

• 6–8 years of experience in cost control within engineering, construction, or industrial projects.
• Strong knowledge of project financials and cost tracking tools.
• Proficiency in ERP systems (SAP, Oracle, or equivalent).
• Advanced Excel skills; experience with Power BI is a plus.
• Excellent analytical and communication skills.
• Fluency in English (written and verbal).