COST CONTROL ENGINEER
At a Glance
- Category
- 🏗️ Construction & Engineering
- Level
- Mid-Level
- Type
- Full-time
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Prepare detailed work budget/value engineering/budget scenarios.
Accountable for project budget and cost control services for medium size projects.
Responsible for timely preparation of detailed accurate Forecast cost on monthly / weekly intervals.
Assist Sr. Cost Control Engineer/BCM to deliver thorough, independent and complete Cost Control Reports for ongoing Projects.
Ensure the accuracy and integrity of data, correctness of cost allocation, analysis of cost/earn value trends
Collect all relevant needed information (Tender budget, Progress, Actual data etc.) from the Estimators, Reporting/Planning engineers, Project manager, and from Finance department etc.
Process and analyse all gathered data into project control software (InEight) and create budget forecast.
Timely preparation of budget reports, analysis of trends, comparison with Cost, earn value, explanation of variances.
Regularly visit project site, coordinate and consult with project management team, inform them of critical issues.
Assign and approve Budget for PR / IR, as per approved Work Budget.
Ensure gathered date and Budget information is maintained and knowledge is transferred to estimation and commercial department.
Budget reports preparation, support of Sr. Cost Control Engineer/BCM in ongoing projects and non-routine activities.
Identify the Risks, opportunities & assumptions made within the Work budget.
Technical skills with thorough knowledge of Cost Control principals.
Responsible for all well organised & accurate documentation for internal & external audits.
This is a generalist view of a Job that you have been assigned for – at times you may be requested to do above/beyond the scope of this role due to Operational requirements
Requirements
- •Technical skills with thorough knowledge of Cost Control principles
- •Ability to prepare detailed work budgets and budget scenarios
- •Experience with project control software (InEight)
- •Ability to identify risks, opportunities, and assumptions within work budgets
- •Strong documentation skills for internal and external audits
Responsibilities
- •Prepare detailed work budgets, value engineering, and budget scenarios
- •Accountable for project budget and cost control services for medium-sized projects
- •Prepare accurate Forecast costs on monthly and weekly intervals
- •Deliver thorough, independent, and complete Cost Control Reports
- •Collect relevant data from Estimators, Planning engineers, Project Managers, and Finance
- •Process and analyze gathered data into project control software
- •Analyze trends, compare with Cost/Earn Value, and explain variances
- •Regularly visit project sites and coordinate with project management teams
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NMDC Group provides dredging, reclamation, marine construction, and offshore services. It serves governments and private clients for major infrastructure developments.