Cost Engineer Lead

4 days ago


Sharjah, Sharjah, United Arab Emirates Petrofac Full time

Petrofac, a renowned leader in the energy industry, seeks highly skilled professionals to join its team. Our company overview showcases our commitment to excellence, diversity, and innovation.

As a Principal Engineer - Cost Control, you will be part of a dynamic team that designs, builds, and manages infrastructure for global energy companies.

Your key responsibilities will include:

  1. Developing and implementing efficient cost control processes to optimize project outcomes.
  2. Providing detailed project cost estimates, incorporating material, manpower, equipment/material costs, and financial considerations.
  3. Collaborating with project engineers to resolve queries and discrepancies, ensuring timely project completion.
  4. Determining 'Estimate to Complete' (ETC) costs and coordinating with disciplines to gather ETC data.
  5. Preparing periodic reports on incurred costs and variances between budgeted and actual costs, in consultation with the supervisor/project manager.
  6. Monitoring costs, generating variance reports as needed, and forwarding them to the supervisor/project manager for review.
  7. Assessing potential variations/claims from subcontractors and vendors.
  8. Participating in project review meetings, providing cost-related data as required.
  9. Interfacing with project engineers and accounts to provide clarifications and assistance.
  10. Proposing new suggestions and continuously improving and updating cost control processes.
  11. Developing a historical cost database for future reference.
  12. Providing training and guidance to new or junior cost control personnel.

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