Job Title: Cost Engineer
Location: Dubai, UAE with regular travel to Saudi Arabia
Duration: 12 Months
Client: Leading Global Energy Operator
Rate: Negotiable
Project phase: EPC (to be complete Q4 2027)
Job Purpose
A cost engineer ensures financial accuracy and compliance by reviewing invoices and monitoring cash flow. They verify payments align with completed work and contracts, detect discrepancies, and prevent budget overruns. This supports transparency, timely risk mitigation, and better financial control, enhancing project efficiency and decision making. in addition to assist the closeout of two OOK contracts for both packages (1&2)
The role of the Cost Engineer provides advisory support to the project management team related to all the cost related activities. The candidate will act as the interface between the Business Team and the rest of the team.
Project Scope of Work
The Master Gas Expansion PhIII (MGSIII) program is to efficiently meet the kingdom's energy demand at central and western regions. MGSIII provides for the installation of new booster gas compression stations (BGCS) at existing East-West Pump Station-10 (EWPS-10) and add additional compression trains at BGCS-1, 3, and 5. Also, to install 56-inch pipelines totaling 1,650-kilometer along the East-West pipeline corridor and 56-inch pipelines totaling 1,100-kilometer from EWPS-10 to Shoaibah and Shoqaiq. Additionally, to install pipelines connections to industrial customers Kingdom wide.
Key Responsibilities and Duties
Communicate assigned project issues/concerns directly to Project Manager, (Sr. Cost Engineer) and Business Administrator.
Develop and maintain cost reports, cash flow and contingency analyses for the individual projects.
Provide Cost Estimates.
Administer Change Orders and Bid box as required by procedure.
Estimates costs of positive / negative scope changes and assess impact on total project cost: work with estimators to get assistance if needed.
Ensure accurate reflection of committed/spent funds, Change Alerts, Project deviation notices, field change orders, and project execution changes in all cost documents relating to the construction phase.
Liaison with Human Resource Department to monitor office space which is billable to the project as required to ensure that the project is not billed for space not being used.
Derive an accurate and realistic forecast of all funds required to complete the project within the defined budget and schedule while incorporating own trending and analysis and consult with the Project Manager prior to publishing.
Ensure accurate representation of cost data in weekly, monthly and ad hoc reporting.
Alert Coordinating Cost Management Office and Business Management Office and the project team to critical Cost Management issues.
Provide assistance for additional cost management related studies and scenarios if required.
Prepare and update monthly project updates (MPU).
Review of Contractor Progress Payment Certificates for Engineering, Procurement and Construction.
Process Service Entry Sheets through SAP once the invoice is approved.
PO creation and WBS corrections through SAP.
Monitor, analyse & verify project Controllable Costs on a monthly basis through the Operating Statement Dashboard.
Change Management (follow the process from COR to settlement).
Requirements
Educational & Technical Requirements:
- Undergraduate degree in relevant discipline.
- 5-10 years experience in the Cost Management field.
- Capacity of analysis and skills for desktop application.
- Good knowledge of English, both written and verbal.
- Mega Capital Projects experience preferred.
Competencies:
- Adapt & Learn
- Plan & Organize
- Analyse & Solve problems
- Communicating openly & effectively
- Excellence/ Drive for results
Location: Dubai, UAE with regular travel to Saudi Arabia
Duration: 12 Months
Client: Leading Global Energy Operator
Rate: Negotiable
Project phase: EPC (to be complete Q4 2027)
Job Purpose
A cost engineer ensures financial accuracy and compliance by reviewing invoices and monitoring cash flow. They verify payments align with completed work and contracts, detect discrepancies, and prevent budget overruns. This supports transparency, timely risk mitigation, and better financial control, enhancing project efficiency and decision making. in addition to assist the closeout of two OOK contracts for both packages (1&2)
The role of the Cost Engineer provides advisory support to the project management team related to all the cost related activities. The candidate will act as the interface between the Business Team and the rest of the team.
Project Scope of Work
The Master Gas Expansion PhIII (MGSIII) program is to efficiently meet the kingdom's energy demand at central and western regions. MGSIII provides for the installation of new booster gas compression stations (BGCS) at existing East-West Pump Station-10 (EWPS-10) and add additional compression trains at BGCS-1, 3, and 5. Also, to install 56-inch pipelines totaling 1,650-kilometer along the East-West pipeline corridor and 56-inch pipelines totaling 1,100-kilometer from EWPS-10 to Shoaibah and Shoqaiq. Additionally, to install pipelines connections to industrial customers Kingdom wide.
Key Responsibilities and Duties
Communicate assigned project issues/concerns directly to Project Manager, (Sr. Cost Engineer) and Business Administrator.
Develop and maintain cost reports, cash flow and contingency analyses for the individual projects.
Provide Cost Estimates.
Administer Change Orders and Bid box as required by procedure.
Estimates costs of positive / negative scope changes and assess impact on total project cost: work with estimators to get assistance if needed.
Ensure accurate reflection of committed/spent funds, Change Alerts, Project deviation notices, field change orders, and project execution changes in all cost documents relating to the construction phase.
Liaison with Human Resource Department to monitor office space which is billable to the project as required to ensure that the project is not billed for space not being used.
Derive an accurate and realistic forecast of all funds required to complete the project within the defined budget and schedule while incorporating own trending and analysis and consult with the Project Manager prior to publishing.
Ensure accurate representation of cost data in weekly, monthly and ad hoc reporting.
Alert Coordinating Cost Management Office and Business Management Office and the project team to critical Cost Management issues.
Provide assistance for additional cost management related studies and scenarios if required.
Prepare and update monthly project updates (MPU).
Review of Contractor Progress Payment Certificates for Engineering, Procurement and Construction.
Process Service Entry Sheets through SAP once the invoice is approved.
PO creation and WBS corrections through SAP.
Monitor, analyse & verify project Controllable Costs on a monthly basis through the Operating Statement Dashboard.
Change Management (follow the process from COR to settlement).
Requirements
Educational & Technical Requirements:
- Undergraduate degree in relevant discipline.
- 5-10 years experience in the Cost Management field.
- Capacity of analysis and skills for desktop application.
- Good knowledge of English, both written and verbal.
- Mega Capital Projects experience preferred.
Competencies:
- Adapt & Learn
- Plan & Organize
- Analyse & Solve problems
- Communicating openly & effectively
- Excellence/ Drive for results