Cost Engineer - Projects and Turnaround & Inspection

Cost Engineer - Projects and Turnaround & Inspection

Saudi Arabian Oil Company (Saudi Aramco)
12-15 years
Not Specified

Job Description

Position Description:
We are seeking a cost engineer to join Saudi Aramco Global Manufacturing Excellence to support the Projects and Turnaround & Inspection Shared Services Department (P&TSSD).
The primary role of the cost engineer to providing analysis and evaluation of cost related to projects and T&I by preparing, reviewing and monitoring commitments, expenditures, and forecast for heavy industrial projects and T&I events.
Minimum Requirements:
A successful candidate will have:
A Bachelor's degree in Engineering, Construction Management, Economics, Business Administration, or Accounting, or a closely related major.
A minimum of ten years cost engineering experience, of which at least five years will focus exclusively on petrochemical or refinery projects. Must be familiar with construction practices, materials and equipment.
For non-engineers, a minimum 12 years of cost engineering experience is required.
A high level of fluency in oral and written English is essential.
The candidates must have a high level of adherence to safety rules and regulations.
Duties & Responsibilities:
A successful candidate is expected to be able to perform the following:
Estimate Project and Turnaround & Inspection (T&I) activities cost in terms of labor, material, equipment and process invoices.
Responsible for preparation of cost portion of the engineering, procurement and construction contracts.
Convert technical scope of work into cost estimate.
Develop budgets by estimating resources.
Provide all cost engineering expertise and coordinates activities as group/unit leader as required.
Identify areas of concern for potential cost overruns or under-spends, and provide solutions to maintain expenditure within budget.
Identify opportunities that will create value with proper tracking and reporting.
Review and analyze contractor's claims and change orders.
Participate in the negotiation of contracts as required.
Initiate appropriate actions when the total forecast indicates allocated funds will be exceeded.
Keep abreast with significant developments in cost engineering, by close review of technical literature, contacts with contractors, visits to areas of construction, and attendance at professional technical meetings.
Review the contractor's cost reports and work progress, and provide comments and recommendations as required.

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