Principal Engineer - Cost Control

OverviewPrincipal Engineer - Cost Control role at VerifiedJobs.ae. This position involves leading cost control efforts for projects and maintaining cost efficiency throughout the project lifecycle.Key ResponsibilitiesEstablish a process of information flow with respect to each expense head, such as design heads, equipment/material procurement, logistics costs, mobilization and demobilization of personnel/machineries, sub-contractors cost/claims and other relevant costs like customs, duties, liabilities, and insurance.Provide assigned project cost estimates including material, manpower and equipment/material costs, subcontracts, third party services, and financial costs.Coordinate with project engineers to clarify queries and discrepancies.Arrive at Estimate to Complete (ETC) cost for the remaining work and coordinate with different disciplines to obtain ETC cost.Prepare periodic reports on the status of costs incurred and the variances of budgeted versus actual costs in consultation with the supervisor/Project Manager.Monitor costs and generate variance reports as required and forward to the Supervisor/Project Manager for review.Assess potential variations/claims from sub-contractors/vendors.Participate in project review meetings and provide cost-related data as required.Interface with project engineers and Accounts to provide clarification and support cost control processes.Propose improvements to the process of effective cost control and develop a historical cost database for future reference.Provide training and guidance to new/junior Cost Control personnel.Essential Qualifications and SkillsEngineering Degree with minimum 15 years of experience, including at least five years in the Cost Control function of EPC medium projects, preferably the last 2 years in Cost Control within the Oil & Gas field.Apply Now!Seniority levelMid-Senior levelEmployment typeFull-timeJob functionManagement and ManufacturingIndustriesInternet PublishingReferrals increase your chances of interviewing at VerifiedJobs.ae by 2xDubai, Dubai, United Arab Emirates#J-18808-Ljbffr