Cost Control Engineer - Project Controls

ADNOC Abu Dhabi UAE; Al Ruways Industrial City; On-site; AED 312,480 - 424,080; Full time

Job summary

ADNOC Abu Dhabi UAE is looking for a Cost Control Engineer with a focus on project controls. The ideal candidate will have over 8 years of experience in cost control for large oil and gas projects, ensuring accurate forecasting and budget management.

This position involves reviewing and managing project cost activities, preparing cost reports, and ensuring compliance with contractual obligations. Strong analytical skills and relevant engineering qualifications are essential.

Qualifications

• Minimum 8 years of experience in cost control for large projects within the Oil and Energy sector.
• Proven experience preparing and reviewing cost estimates submitted by Pre-FEED engineers, FEED engineers, PMCs, consultants, and contractors.
• Strong analytical skills with the ability to interpret complex cost data.

Responsibilities

• Review and manage project cost control activities covering budgets, commitments, VOWD, forecasts, change control.
• Prepare monthly cost status reports and periodic project cost information reports for ADNOC review.
• Provide assurance to project management that final forecast cost and value of work done are accurate.

Skills

Project cost control

Cost estimation

Budgeting

VOWD tracking

Forecasting

Commitment tracking

Cost phasing

Change control

Education

Bachelor Degree in Engineering

Tools

Cost estimation software

k-base

@Risk

Job description

Job Snapshot

Role: Cost Control Engineer – Project Controls

Location: Abu Dhabi Emirate, United Arab Emirates

Country: United Arab Emirates | City: Abu Dhabi Emirate

Industry: Oil and Energy

Function: Budgeting/Cost Control

Experience: Minimum 8 years in cost control for large oil and gas projects

Job Type: Full-time

Salary: 28,000 – 38,000 (estimated)

Overview

Cost Control Engineer – Project Controls is an Oil and Energy hiring opportunity focused on project cost control, forecasting, budget management, VOWD validation, variation review, and cost reporting for major oil and gas projects. This role supports project management and stakeholders by maintaining accurate cost data, ensuring reliable final forecast cost, controlling commitments, reviewing contractor submissions, and providing clear cost performance insight for timely project decisions.

Key Responsibilities

• Review and manage project cost control activities covering budgets, commitments, VOWD, forecasts, change control, source currency cost phasing, and cost reporting.
• Maintain cost management tools, cost logs, cost registers, and project reports with accurate and complete cost data.
• Provide assurance to project management that final forecast cost and value of work done are accurate, current, and supported by proper documentation.
• Prepare commentary and practical insight on cost performance, cost trends, forecast changes, budget utilization, and variance movements.
• Support monthly coordination and consolidation of project cost information for management review and project controls reporting.
• Provide weekly and monthly cost input for overall project controls reports, dashboards, summaries, and governance updates.
• Coordinate with procurement and finance teams to clarify roles, improve cost coding accuracy, and support smooth cost management workflows.
• Ensure correct coding of requisitions, purchase orders, contracts, invoices, estimates, payment records, and project cost documents.
• Develop and maintain required cost logs and registers in line with approved procedures, guidelines, and project controls requirements.
• Monitor contractor compliance with contractual cost control obligations and cost requirements defined in contract call-offs.
• Support verification of contractor and supplier invoices for payment through approved payment certificates and supporting documentation.
• Investigate and analyze cost data to prepare reports highlighting budget utilization, cost variance, forecast risk, and corrective action requirements.
• Evaluate contractor variation requests and claims through detailed review of cost submissions, entitlement, assumptions, supporting documents, and contractual rates.
• Prepare counter estimates for variations using contract schedules of unit rates, approved scope details, cost benchmarks, and project assumptions.
• Submit clear recommendations to management for approval of variations, claims, estimates, and cost‑related decisions.
• Prepare monthly cost status reports and periodic project cost information reports for ADNOC review.
• Support preparation and update of annual capital and operating budgets for the Projects Group.
• Review cost estimates submitted by Pre‑FEED engineers, FEED engineers, PMCs, consultants, and contractors.
• Apply oil and gas cost control standards, budgeting principles, estimation techniques, and project governance requirements in all cost reviews.
• Identify potential overruns, cost coding issues, forecast gaps, estimate weaknesses, and control risks, then escalating with practical recommendations.
• Maintain auditable project cost records and ensure all reporting outputs are consistent, traceable, and aligned with approved procedures.

Ideal Profile

• Bachelor Degree in Engineering or an equivalent professional qualification.
• Minimum 8 years of experience in cost control for large projects within the Oil and Energy sector.
• Strong experience in project cost control, cost estimation, budgeting, forecasting, VOWD tracking, commitment reporting, and change control.
• Solid exposure to oil and gas project environments, including Pre‑FEED, FEED, PMC, contractor, consultant, and major capital project interfaces.
• Thorough understanding of cost control principles, project budgeting, cost estimation methods, invoice verification, cost phasing, and variance analysis.
• Proven experience preparing and reviewing cost estimates submitted by Pre‑FEED engineers, FEED engineers, PMCs, consultants, and contractors.
• In‑depth knowledge of oil and gas industry codes, standards, contract cost requirements, unit rates, and project controls practices.
• Ability to evaluate variation requests, contractor claims, counter estimates, payment certificates, and cost‑related contractual submissions.
• Cost estimation and cost control certification such as ACE is desirable.
• Working experience with cost estimation software such as k‑base, @Risk, or similar tools is desirable.
• PMP certification is preferred.
• Strong analytical skills with the ability to interpret complex cost data, explain movements, and provide management‑ready recommendations.
• Excellent coordination with project management, procurement, finance, contractors, consultants, PMCs, and internal stakeholders.
• Detail‑focused approach to documentation, cost coding, reporting accuracy, contract compliance, and audit readiness.
• Comfortable working in a structured oil and gas project environment with strict reporting timelines and high‑value project controls requirements.

Skills Set

• Project cost control
• Cost estimation
• Budgeting
• VOWD tracking
• Forecasting
• Commitment tracking
• Cost phasing
• Source currency reporting
• Change control
• Budget utilization analysis
• Cost variance analysis
• Cost reporting
• Monthly cost status reports
• Project controls reporting
• Cost logs
• Cost registers
• Requisition coding
• Purchase order coding
• Contract cost coding
• Invoice verification
• Payment certificates
• Contractor cost compliance
• Variation request evaluation
• Claims analysis
• Counter estimates
• Contractual unit rates
• Capital budget preparation
• Operating budget preparation
• Pre‑FEED cost estimate review
• FEED cost estimate review
• PMC cost review
• Oil and gas project controls
• ACE certification
• PMP certification
• k‑base
• @Risk
• Procurement coordination
• Finance coordination
• ADNOC reporting