Cost Control Engineer Substation Projects

Job Purpose

The Cost Control Engineer is responsible for assisting the Planning & Monitoring team in coordination with the Project Management Team & Functional Managers, performing all aspects of project cost related functions, including the preparation of project forecast cash flows.

The person performing this role has to possess thorough knowledge & experience in the entire life cycle of projects from initiation till close-out.

Dimensions

External Interfaces:

• Utilities
• Client
• Project Consultants
• Other Stakeholders as necessary
  
  

• Senior Planning and Monitoring Engineer
• Engineering Team
• Project Management Team
  
  

• Develop baselines, master schedules, resource and cost budget-loaded programs in Primavera P6, ensuring alignment with company standards and client requirements.
• Verify and prepare target bill of quantities as per company procedures.
• Work out budget break ups for variations in coordination with project & commercial department.
• Establish and maintain project Work Break-down Structure (WBS), Project Control Strategy, activity codes, calendars, and resource libraries to standardize projects.
• Prepare and monitor commitment against budgets /actual for Prelims, Material, labor & Sub -contract.
• Prepare and maintain cash flow forecasts, manpower histograms, and S-curves integrated with cost data for projects.
• Coordinate with the site Quantity Surveyors for the compilation of the Balance Quantities, Sub-contractor Liability Statements, Client Payment Certificates & Weekly Productivity reports.
• Coordinate with procurement team to align vendor / material delivery schedules with construction activities.
• Monitor internal monthly debits notes required for the cost reports.
• Monitor and analyze the trial balance of all projects, for the preparation of cost sheets and cost reports as required from time to time by company.
• Assist the Planning team as and when required related to cost control work.
• Participate in establishing a Cost Breakdown Structure & earned value calculations as per TAQA scheduling requirements
• Create and implement project cost management systems and managing project costs throughout project lifecycle.
• Accurately report total cost of projects considering various factors such as material, labor, commercial, PMC, etc.
• Monitor actual cost against project baseline budget and taking corrective actions for items exceeding budget.
• Prepare cash flows based on current trends and ensuring projects stay within budget.
• Prepare & submit the Forecast Cost Report with clear validation to show the differences from previous month, and reporting data-driven insights to management for critical decision making throughout project lifecycle.
• Prepare and review the daily, weekly and monthly progress reports for internal & external reporting.
• Assist in preparing EOT claims by extracting the delay events & review the sub-contractor’s EOT.
• Perform any other related tasks assigned in coordination with the Planning Engineer and the HOD (Engineering).
  
  

• Bachelor’s or a Master’s degree in Electrical, Mechanical or Civil Engineering.
  
  

• A minimum of 5+ years of relevant experience as a Cost Control Engineer in handling 400 kV GIS projects from the energy & power industry in the GCC/UAE.
  
  

• Exceptional knowledge in Cost control management, Project risk assessment management, Contract management, Interface Coordination, and Conflict Resolution.
• Sound Knowledge of estimation is prerequisite.
• Leadership, team building, communication, critical thinking, decision-making, problem solving skills are mandatory.
• Strong presentation and communication skills with the ability to present complex, technical information to a wide audience.
• High competence in technical writing, systems development and utilization.