Cost Engineer

Job Title: Cost Engineer
Contract Type: Contract
Location: Saudi Arabia, Saudi Arabia
Salary: Competitive
Start Date: 2018-08-06
Reference: BH-87558
Contact Name: Yaqub Al Nassir
Contact Email:
Job Published: August 07, 2018 10:06

Job Description

Job brief:

Development and execution of the project cost plan and monitor costs and collects cost data to ensure conformity with top management's budget directives, cost tracking, forecasting; and financial reporting


• Cost control covers home office services, field supervision, subcontracts, commissioning, materials & equipment supply.

• Ensures an understanding of Jacobs’ standard techniques and methods of cost control and cost reporting as a basis for establishing the man-hours, computer cost and other expenses to be carried out or to complete these activities. This includes the preparation, on time and with the required quality, of the:

- project control budget summary

- detailed control budgets for issue to parties concerned, incl. quantities for bulk materials.

- establishing of the weighting factors --based on the detailed monetary control budgets-- to be   used for the physical progress report; the measurable base is defined in this progress report by others.

- Monthly, unless agreed otherwise, project cost (status) reports for the Client.

- Monthly project cost (status) reports for Jacobs’ management.

• Works in concert with the Project Planning engineer, the Project accountant and the Project administrator to ensure cost and schedule integration.

• Monitors the man-hours and cost of the project activities. Develops and recommends, with the appropriate key team members, corrective action or revised methods to the Project manager if cost deviations are anticipated.

• Attends in-house cost control review meetings with the Project manager/engineer and presents/answers questions related to project cost.

• Advises the Project manager and Cost control supervisor of any event or decision having a significant impact on cost.

• Reviews cost estimates for extra's and negotiates changes with Clients and/or vendor and/or subcontractors if delegated to him by the Project manager.

• Assists in developing and recording historical cost information for future projects

• Obtains:
- broad knowledge of the other project control tools

- sound knowledge of the Jacobs organization procedures related to project control

- working knowledge of the remaining Jacobs organization procedures

- broad knowledge of the application software for cost control and its integration with cost estimating, planning & scheduling, procurement, departmental bulk material control & accounting, etc

- working knowledge of: project execution; engineering & design documents; procurement; construction; financing, insurances, etc


Engineering degree with 10 years of experience as Cost Engineer.

Due to Visa limitation, apply only if you are a resident in Saudi Arabia with transferable Visa/Residence Permit (Iqama)