Job Summary Cost Engineer is part of the project management team and is responsible to monitor and control the project cost performance. Duties and Responsibilities 1. Budget Preparation • Receive budget calculations sheets from tender along with supporting documents and basis of assumptions • Read and review the contractual SOW and link to the budget allowances • Discuss and agree with PM for the project cost management plan. • Discuss and agree with PM for the cost breakdown and required reports to prepare CBS 2. Cost monitoring. • Receive and allocate issued materials from stores • Receive and allocate subcontractor invoice data from central cost engineer. • Receive and allocate actual cost GL sheet from financial department • Prepare monthly material consumption and wastage • Prepare monthly AC and match it with GL • Prepare monthly EV based on the works calculated in the AC • Preparing cost analysis for gains and losses 3. Cost control. • Review and approve subcontractors’ VO’s • Coordinate with PM for cost saving strategies 4. Budget update • Coordinate with QS to receive updated quantities and measurements • Coordinate with QS to receive client VO’s • Review client invoice to check for contractual obligations • Update the current budget in the cost report format 5. Forecasting • Coordinate with QS to receive updated quantities and measurements • Coordinate with QS to receive client VO’s • Discuss and agree with PM for future productivity 6. Reporting • Prepare monthly cost report for direct items • Prepare project-specific cost reports • Preparing narrative report for major cost issues • Report lessons learned to Tender department • Prepare cost calculations scenarios for decision making Qualifications & Skills • Education: Bachelor’s degree Engineering. • Certification: preferred: PMP or CCP. • Years of Experience: 1 : 4 years of experience for junior and 5 : 7 for senior, preferably in construction site or technical office and professional studies in project management or cost engineering. • Software: Basic Excel. • Skills: Analytical thinking, Negotiation skills , Presentation skills, active listening, well planned and proactive personality