Cost Engineer - Downstream - Saudi Arabia

Job facts

Location Middle East
Closing Saturday, August 21, 2021

Job description

Salary: Competitive
Location: Saudi Arabia
Job type: Permanent

We are seeking a cost engineer to join a major IOC to support the Projects and Turnaround & Inspection Shared Services Department (P&TSSD).

The primary role of the cost engineer is to provide 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 Requirement

A Bachelor's degree in Engineering.

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.

A high level of fluency in oral and written English is essential.

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.

We can offer professionals from diverse backgrounds and specialties a solid, secure future not to mention extensive international exposure and the opportunity to see your ideas become reality. Work at the forefront of the industry and see how your career evolves with invested time and effort. It's a chance to make a huge impact both on the local economy and on a global scale.

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