Cost Control Engineer (Substation Projects)

JOB PURPOSEThe Cost Control Engineer is responsible for assisting the Planning and Monitoring team in coordination with the Project Management Team & Functional Managers, performing all aspects of project cost related functions, including the preparation of project forecast cash flows. The person performing this role has to possess thorough knowledge & experience in the entire life cycle of projects from initiation till close-out.DIMENSIONSExternal Interfaces:UtilitiesClientProject ConsultantsOther Stakeholders as necessaryInternal Interfaces:Senior Planning and Monitoring EngineerEngineering TeamProject Management TeamROLES & RESPONSIBILITIESDevelop baselines, master schedules, resource and cost budget-loaded programs in Primavera P6, ensuring alignment with company standards and client requirements.Verify and prepare target bill of quantities as per company procedures.Work out budget break ups for variations in coordination with project & commercial department.Establish and maintain project Work Breakdown Structure (WBS), Project Control Strategy, activity codes, calendars, and resource libraries to standardize projects.Prepare and monitor commitment against budgets / actual for Prelims, Material, labor & Sub -contract.Prepare and maintain cash flow forecasts, manpower histograms, and S-curves integrated with cost data for projects.Coordinate with the site Quantity Surveyors for the compilation of the Balance Quantities, Sub-contractor Liability Statements, Client Payment Certificates & Weekly Productivity reports.Coordinate with procurement team to align vendor / material delivery schedules with construction activities.Monitor internal monthly debits notes required for the cost reports.Monitor and analyze the trial balance of all projects, for the preparation of cost sheets and cost reports as required from time to time by company.Assist the Planning team as and when required related to cost control work.Participate in establishing a Cost Breakdown Structure & earned value calculations as per TAQA scheduling requirements.Create and implement project cost management systems and managing project costs throughout project lifecycle.Accurately report total cost of projects considering various factors such as material, labor, commercial, PMC, etc.Monitor actual cost against project baseline budget and taking corrective actions for items exceeding budget.Prepare cash flows based on current trends and ensuring projects stay within budget.Prepare & submit the Forecast Cost Report with clear validation to show the differences from previous month, and reporting data-driven insights to management for critical decision making throughout project lifecycle.Prepare and review the daily, weekly and monthly progress reports for internal & external reporting.Assist in preparing EOT claims by extracting the delay events & review the sub-contractor’s EOT.Perform any other related tasks assigned in coordination with the Planning Engineer and the HOD (Engineering).QUALIFICATIONS & EXPERIENCEEducational Qualification:Bachelor’s or a Master’s degree in Electrical, Mechanical or Civil Engineering.Experience:A minimum of 5+ years of relevant experience as a Cost Control Engineer in handling 400 kV GIS projects from the energy & power industry in the GCC/UAE.Certifications:Expertise in: Project Scheduling & Primavera P6 – EPC Project Management, Power BI, Oracle and MS Projects.SKILLS & KNOWLEDGEExceptional knowledge in Cost control management, Project risk assessment management, Contract management, Interface Coordination, and Conflict Resolution.Sound Knowledge of estimation is prerequisite.Leadership, team building, communication, critical thinking, decision-making, problem solving skills are mandatory.Strong presentation and communication skills with the ability to present complex, technical information to a wide audience.High competence in technical writing, systems development and utilization.#J-18808-Ljbffr