Cost Engineer

Metroworth Consulting Limited; London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A leading company is seeking an experienced Cost Engineer for a significant project in the oil and gas sector. This role involves providing comprehensive cost management support to the project team, ensuring accurate financial tracking, and facilitating project success. Candidates should have solid experience in cost management, particularly with Saudi Aramco projects, and excellent analytical skills.

Benefits

Per Diem allowance of USD 129 if eligible

Qualifications

• 5-10 years experience in Cost Management.
• Minimum 3 years on Saudi Aramco Projects.
• Experience with Mega Capital Projects preferred.

Responsibilities

• Develop and maintain cost reports, cash flow, and contingency analyses.
• Forecast funds required to complete the project within budget and schedule.
• Prepare monthly project updates.

Skills

Cost Management

Analysis skills

Communication

Proficiency with desktop applications

Good English skills

Education

5-10 years in Cost Management

Minimum 3 years on Saudi Aramco Projects

Job description

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MCL requires an experienced Cost Engineer for our Oil and Gas client.

Project name: SOFON - National Maritime Infrastructure

Rate: 80 USD/hour all inclusive hourly gross rate

Per Diem allowance: if candidates' permanent address is more than 150 km from the office location, they will be eligible for a per diem of USD 129 for each calendar day

Hours: 40 hours per week

Locations: London

Status: Candidates can operate as either Ltd company or UK Umbrella PAYE (please specify your preferred option upon application)

**Candidates MUST have UK Right to Work**

Responsibilities

Project name: SOFON - National Maritime Infrastructure

Location: London, United Kingdom

Project phase: Pre-FEED; FEED

Project Scope of Work:
In accordance with government directive, Saudi Aramco is developing the National Maritime Infrastructure Project (Sofon Project) on the Eastern and Western coasts of the Kingdom, including naval and commercial shipyards and a leisure shipyard in KAEC. The project aims to create 140,000 local jobs, promote SMEs, and boost the Kingdom’s economy.

Additional information

• PMC contract end date: end of July 2025
• Preferably with Aramco experience
• Eligible to work in the UK

Job Purpose

The Cost Engineer provides advisory support to the project management team on all cost-related activities, acting as the interface between the Business Team and the rest of the project team.

Key Responsibilities and Duties

• Communicate project issues/concerns to Project Manager and Business Administrator.
• Develop and maintain cost reports, cash flow, and contingency analyses.
• Administer Change Orders and Bid box as per procedures.
• Estimate costs of scope changes and assess their impact on total project cost.
• Ensure accurate reflection of funds and project deviations in cost documents.
• Assist with managing AEL values.
• Coordinate with HR regarding office space billing.
• Forecast funds required to complete the project within budget and schedule.
• Ensure accurate cost data in reports.
• Alert teams to critical cost issues.
• Support additional cost management studies if needed.
• Prepare monthly project updates.
• Review Contractor Progress Payment Certificates.
• Process invoices and manage SAP entries.
• Monitor and verify project costs monthly.
• Follow change management processes.

Educational & Technical Requirements

• 5-10 years in Cost Management.
• Minimum 3 years on Saudi Aramco Projects.
• Solid recent experience in O&G project owner companies if no Aramco experience.
• Analysis skills and proficiency with desktop applications.
• Good English skills, both written and verbal.
• Experience with Mega Capital Projects preferred.