Cost Control Engineer — Lead Budgeting on Major EPC Projects

Target Engineering Construction Co LLC; Abu Dhabi; On-site; AED 180,000 - 300,000; Full time

Job summary

Target Engineering Construction Co. LLC seeks a Cost Control Engineer in Abu Dhabi to join the project controls team. The role focuses on budgeting, forecasting, and maintaining cost visibility across large-scale projects in the UAE.

The candidate will monitor expenditures, analyze variances, and support risk mitigation and decision-making with accurate cost reporting and data management. A CCP and engineering background are preferred for this senior level position.

Qualifications

• 6+ years of experience in Cost Control, Project Controls, or Project Cost Management.
• Experience on Oil & Gas, Civil Engineering, or Power sector projects.
• Experience with cost forecasting, budgeting, variance analysis and reporting.

Responsibilities

• Assist in budgeting and forecasting for projects; develop cost forecasts.
• Monitor and analyze project expenditures and variances.
• Evaluate cost impacts of changes and update forecasts accordingly.
• Prepare detailed cost reports (CTC, variances, cash flow).
• Identify cost risks and support mitigation actions.
• Maintain and benchmark cost databases and records.

Skills

Cost control

Analytics

ERP systems

Excel

FIDIC

Education

Bachelor's degree in Engineering

CCP certification (preferred)

Tools

SAP

Oracle

Job description

We are seeking an experienced Cost Control Engineer to join our project controls team and play a key role in ensuring effective financial management across large-scale projects. The successful candidate will be responsible for monitoring, analyzing, forecasting, and controlling project costs to ensure budget compliance and optimal resource utilization.

This position is critical in providing accurate cost visibility, supporting project decision-making, mitigating financial risks, and contributing to the successful delivery of projects within approved budgets.

WHO WE ARE

Target Engineering brings 50+ years of experience in EPC and industrial infrastructure. With in-house fabrication, marine expertise, and multidisciplinary capability, we deliver projects with scale, confidence, and care.

WHY JOIN US

At Target Engineering, you’ll work on large-scale energy, marine, and civil infrastructure projects. Join a business with deep technical roots, where your voice is heard, your impact is visible, and your career is part of a legacy of excellence.

YOUR ROLE

As Cost Control Engineer, you will

Budgeting & Forecasting

• Assist in the development and maintenance of project budgets and financial forecasts.
• Support estimation activities by providing cost trend analysis and historical data insights.
• Collaborate with Project Managers to revise forecasts based on project progress and changing requirements.

Cost Tracking & Analysis

• Monitor project expenditures including labor, materials, subcontractors, and overhead costs.
• Analyze cost performance against budget and identify variances.
• Investigate deviations and recommend corrective actions.
• Maintain accurate and up-to-date cost tracking systems and records.

Change Management & Variation Control

• Evaluate cost impacts of project changes, variations, and scope modifications.
• Update project forecasts and cost reports following approved changes.
• Ensure transparent communication of cost implications to stakeholders.

Cost Reporting

• Prepare detailed cost reports, including: Cost-to-Complete (CTC), Cost Variance Analysis, Cash Flow Forecasts, Budget Performance Reports
• Present financial updates and cost insights to project teams and management.
• Support decision-making through timely and accurate reporting.
• Identify potential cost-related risks and assess their financial implications.
• Recommend and support implementation of risk mitigation strategies.
• Contribute cost-related data and analysis to project risk assessments.
• Maintain project cost databases and historical cost records.
• Support benchmarking initiatives using historical project data.
• Improve forecasting accuracy through standardized cost information management.

Stakeholder Support

• Serve as a key point of contact for cost-related inquiries.
• Participate in project review meetings and provide financial insights.
• Promote cost-control best practices across project teams.

WHAT WE’RE LOOKING FOR

Experience

• Minimum 6 years of experience in Cost Control, Project Controls, or Project Cost Management.
• Proven experience working on large-scale projects within the Oil & Gas, Civil Engineering, or Power sectors.
• Demonstrated experience in cost forecasting, budgeting, variance analysis, and reporting.
• Experience working in multidisciplinary project environments.

Education and Certifications

• Bachelor's Degree in Engineering or a related discipline.
• Certified Cost Professional (CCP) certification from AACE International or equivalent. (preferred)

SKILLS AND COMPETENCIES

• Strong analytical skills with the ability to interpret complex cost data and financial information.
• Proficiency in cost control software and project controls systems.
• Hands-on experience with ERP platforms such as SAP, Oracle, or similar enterprise systems.
• Advanced knowledge of Microsoft Excel and cost reporting tools.
• Strong attention to detail and documentation management skills.
• Knowledge of FIDIC contract standards and commercial practices.

WHAT WE OFFER

• The chance to contribute to some of UAE’s Oil and Gas EPC Mega projects.
• A collaborative, supportive environment that values innovation and excellence.
• Opportunities for professional growth and career progression.
• Competitive salary and benefits package.

Ready to be part of our team?

If you’re inspired by what you’ve read and believe you’re the right fit, we’d love to hear from you.

Join Target Engineering and Construction Co. LLC and play a pivotal role in shaping a high-performing team that drives our success.

Apply today and be part of something excellent!