Cost Engineer

KBR Engineering Inc; Saudi Arabia; On-site; SAR 184,000 - 306,000; Full time

Job summary

KBR-Abu Dhabi seeks a Cost Engineer to oversee comprehensive project cost management on large-scale power and water transmission schemes. The role involves steering budgets, cost reporting, and coordination among EPC contractors and clients to ensure financial objectives are met.

Responsibilities include budgeting, cost tracking, variance analysis, and risk-aware decision making, with leadership across project teams to deliver on schedule and budget.

Qualifications

• Bachelor's degree in related field.
• 5+ years of experience in cost engineering or similar role.
• Proven experience in similar programmes.

Responsibilities

• Develop overall program and package budgets.
• Track costs against approved budgets.
• Develop job cost reports with variances, earned value and forecast costs.
• Comment and verify EPC Contractors' reports on value of works done.
• Coordinate with clients, supervision consultants, contractors and regulators to ensure cost alignment.
• Prepare monthly Forecast-to-Complete (Estimate at Completion).
• Prepare and present regular project reports to senior management and client.

Skills

Leadership

Communication

Problem solving

Risk management

Stakeholder management

Education

Bachelor's degree in related field

Tools

Commercial management software

Job description

Title: Cost Engineer

Job Description

Job Title: Cost Engineer

Company: KBR-Abu Dhabi

Project: Power and Water Transmission Scheme

Location: Abu Dhabi

Experience Required: 5+ years

Employment Type: Full-time, Contract

About Company

The KBR team delivers future-forward science, technology and engineering solutions and mission-critical services that help governments and companies around the world accomplish their most important objectives, while also helping achieve their sustainability goals.

KBR Sustainable Technology Solutions provides holistic and value-added solutions across the entire asset life cycle. These include world-class licensed process technologies, differentiated advisory services, deep technical domain expertise, energy transition solutions, high-end design and engineering capabilities, and smart solutions to optimize planned and operating assets.

Job Purpose

The Cost Engineer will oversee the Project cost management requirement.

This is a PMC role, and there will be multiple Supervision Consultants and EPC`s appointed directly by the Client. The successful candidate will be responsible for overseeing overall programme cost management requirements on the large-scale power and water transmission projects in Abu Dhabi. This role involves strategic planning, resource management, and collaboration with various stakeholders to meet project objectives, timelines, and budget constraints.

Job Responsibilities

Candidate will be responsible for developing overall program and package budgets. The overall budget and individual package budgets will be live documents and shall be updated from time to time in accordance with the progress of the packages.

Candidate shall be responsible for tracking costs against approved budgets. Costs shall include committed, incurred, actual/paid, and forecast final /out-turn costs.

Candidate shall develop overall job cost reports for each Works Package that show variances between budgets and costs, earned value, variances between budget and final forecast cost, and movements from prior month, with commentary on variances and movements.

Comment and verify the EPC Contractors reports on the value of Works done.

Coordinate with project stakeholders, including clients, supervision consultants, contractors, vendors and regulatory authorities to ensure alignment and compliance with project cost requirements.

Oversee the development and implementation of project budgets.

Monitor, review, register, check for conditions, check for expiration/renewals of Insurances and Bonds.

Prepare, review, recommend, register Variation Orders.

Review, assess, recommend, assist in claims resolutions.

Verify and register all payments.

Prepare monthly Forecast-to-Complete (Estimate at Completion).

• Ensure that the Final Accounting for each EPC Contract is concluded expeditiously, inclusive of all claims and outstanding payments.

Prepare and present regular project reports to senior management and the client, detailing progress, challenges and solutions, commercial status, risks etc.

Guide and mentor project team members, promoting professional development and knowledge sharing.

Foster strong relationships with clients and other stakeholders to maintain project support and mitigate any concerns.

Qualifications

Bachelor's degree in related field.

5+ years

Proven experience in a similar role on programmes with a similar scope.

Technical Skills

In-depth knowledge of commercial management software.

Soft Skills

Exceptional leadership and team management abilities.

Excellent communication and interpersonal skills to effectively engage with stakeholders at all levels.

Strong problem-solving and decision-making skills.

Ability to work under pressure and manage multiple priorities effectively.

A proactive approach to risk management and conflict resolution.