Cost Control Engineer

2 days ago


Dubai United Arab Emirates UAE Naukrigulf ME A2 Full time 10,000 - 15,000

· Develop and implement cost control procedures to track project budgets, expenditures, and financial performance.· Prepare cost reports, forecasts, and variance analysis to support management in decision-making.· Conduct quantity takeoff and estimation for materials, labor, and equipment to ensure accurate cost allocation.· Implement Earned Value Management (EVM) techniques to measure project performance and productivity.· Monitor and analyze project progress in relation to planned budgets and schedules, identifying deviations and recommending corrective actions.· Coordinate with procurement, planning, and project management teams to optimize cost efficiency and resource utilization.· Review and validate subcontractor and supplier invoices, ensuring alignment with contract agreements and work progress.· Assist in the preparation of cash flow projections and financial planning for ongoing and upcoming projects.· Track and control change orders, variations, and claims to mitigate cost overruns and ensure contractual compliance.· Conduct cost benchmarking and market analysis to improve project cost competitiveness.· Ensure proper allocation of resources based on project needs and budget constraints.· Support tendering and bid preparation by providing cost estimates and financial assessments.· Liaise with project teams to ensure accurate cost data collection and reporting.· Maintain updated records of all financial transactions, cost data, and budget revisions for audit and compliance purposes.



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