Purpose The Cost Engineer is responsible for developing, managing, and overseeing project cost estimation, budgeting, and financial planning throughout the project lifecycle. The role ensures cost-effective project execution by providing accurate estimates, monitoring expenditures, analyzing variances, and supporting decision-making in line with project schedules and execution plans. Key Responsibilities Cost Estimation & Budgeting Develop accurate cost estimates during project initiation and design phases. Establish the initial project budget using technical and commercial data. Prepare cost estimates for design or execution changes. Provide cost input for validating supplier changes and client change requests. Cost Control & Reporting Apply corporate cost control methodologies to project activities. Monitor project expenditures, identifying potential overruns or underruns. Conduct cost trending and earned value analysis to support forecasting. Prepare monthly cost forecasts and contribute to cost control reports. Support financial reporting for senior management. Risk & Change Management Identify and prepare variation orders for approval and submission. Evaluate cost risks and support mitigation strategies. Promote cost awareness across the project team. Stakeholder Collaboration Work closely with Planning, Procurement, Contracts, Engineering, Construction, and Finance teams to gather inputs and support decision-making. Ensure accurate and timely cost information is shared with project stakeholders and estimating teams. Education Bachelor’s degree in Engineering, Construction Management, Finance, or a related technical field. Professional certifications (AACE, CCE, PMP) are a plus. Experience ~3–5 years of experience in cost engineering, estimating, or project cost control. ~ Experience in construction, offshore, shipbuilding, oil & gas, or similar industries preferred.
Skills & Attributes Strong analytical and problem-solving abilities High attention to detail and data accuracy Advanced Excel skills; ability to learn specialized software Effective communication and teamwork skills Strong planning and prioritization ability Fluent in English