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 Al Vakil Group as a Cost Control Engineer!
Al Vakil Group, a leader in manpower solutions since 1975, is seeking a skilled Cost Control Engineer to join our team in Riyadh. As a key player in our construction projects, you will ensure financial integrity and efficiency throughout the project lifecycle.

Key Responsibilities:

• Prepare the projects’ cost baseline at commencement.
• Monitor direct costs related to company resources and staff.
• Compare purchase orders/agreements against estimated costs.
• Analyze actual costs against earned value and propose corrective actions for any deviations.
• Document any cost deviations in detail.
• Verify suppliers’ and subcontractors’ payment requests.
• Assist in maximizing invoiced amounts with the project team.

Qualifications:

• Bachelor’s degree in Civil Engineering, Construction Management, or a related field.
• Minimum of 5 years of experience as a Cost Control Engineer in the construction industry, particularly in Gulf countries.
• Proficient in cost estimation, budgeting, and financial analysis.
• Strong understanding of construction project management principles.
• Familiar with industry-standard software for cost control and project management.
• Fluency in English; proficiency in Arabic is highly desirable.

If you are a detail-oriented individual with strong analytical skills and the ability to manage multiple projects, we welcome your application!

Join Bechtel as a Senior Cost Engineer
Bechtel has a rich history of delivering complex projects worldwide, and we invite you to be part of our journey. This role primarily involves coordinating with the Cost Estimation Team and leading the implementation and maintenance of project cost control systems. You will ensure accurate cost assessments and compliance with our cost control procedures.

Major Responsibilities:

• Review project documents related to cost control for allocated projects.
• Lead the review of project timesheets and man-hour allocations.
• Manage payment applications, establishing control budgets based on approved project estimates.
• Provide cost status reports and advise management on potential overruns.
• Assist in preparing and reviewing company estimates for projects.

Education and Experience Requirements:
- Bachelor's Degree in Quantity Surveying, Engineering, or related field.
- 10 to 15+ years of experience in project cost control engineering, with 5 years in a large company.
- Experience working in the KSA/GCC region is highly recommended.

Required Knowledge and Skills:

• Proven experience in project cost control and engineering.
• Knowledge of project management and construction markets.
• Familiarity with various estimating methods and principles.
• Knowledge of cost management standards.
• Proficiency in project management software including Aconex and Primavera.

Why Bechtel?
Bechtel is committed to providing a diverse and inclusive workplace where all employees feel valued and empowered. Our comprehensive benefits include opportunities for career advancement, culture enhancement, and support for personal goals. Join us and help build a legacy of sustainable growth.