Overview
Cost Control Engineer; Substation Projects Jobs in Abu Dhabi, UAE/Dubai at Toshiba EMEA
Position: Cost Control Engineer (Substation Projects)
Job Purpose
The Cost Control Engineer is responsible for assisting the Planning and Monitoring team in coordination with the Project Management Team & Functional Managers, performing all aspects of project cost related functions, including the preparation of project forecast cash flows.
The person performing this role has to possess thorough knowledge & experience in the entire life cycle of projects from initiation till close-out.
Dimensions External Interfaces
- Utilities
- Client
- Project Consultants
- Other Stakeholders as necessary
Internal Interfaces
- Senior Planning and Monitoring Engineer
- Engineering Team
- Project Management Team
Roles & Responsibilities
- Develop baselines, master schedules, resource and cost budget-loaded programs in Primavera P6, ensuring alignment with company standards and client requirements.
- Verify and prepare target bill of quantities as per company procedures.
- Work out budget break ups for variations in coordination with project & commercial department.
- Establish and maintain project Work Break-down Structure (WBS), Project Control Strategy, activity codes, calendars, and resource libraries to standardize projects.
- Prepare and monitor commitment against budgets/actual for Prelims, Material, labor & Sub
-contract. - Prepare and maintain cash flow forecasts, manpower histograms, and S-curves integrated with cost data for projects.
- Coordinate with the site Quantity Surveyors for the compilation of the Balance Quantities, Sub-contractor Liability Statements, Client Payment Certificates & Weekly Productivity reports.
- Coordinate with procurement team to align vendor / material delivery schedules with construction activities.
- Monitor internal monthly debits notes required for the cost reports.
- Monitor and analyze the trial balance of all projects, for the preparation of cost sheets and cost reports as required from time to time by company.
- Assist the Planning team as and when required related to cost control work.
- Participate in establishing a Cost Breakdown Structure & earned value calculations as per TAQA scheduling requirements
- Create and implement project cost management systems and managing project costs throughout project lifecycle.
- Accurately report total cost of projects considering various factors such as material, labor, commercial, PMC, etc.
- Monitor actual cost against project baseline budget and taking corrective actions for items exceeding budget.
- Prepare cash flows based on current trends and ensuring projects stay within budget.
- Prepare & submit the Forecast Cost Report with clear validation to show the differences from previous month, and reporting data-driven insights to management for critical decision making throughout project lifecycle.
- Prepare and review the daily, weekly and monthly progress reports for internal & external reporting.
- Assist in preparing EOT claims by extracting the delay events & review the sub-contractor’s EOT.
- Perform any other related tasks assigned in coordination with the Planning Engineer and the HOD (Engineering).
Qualifications & Experience Educational Qualification
- Bachelor’s or a Master’s degree in Electrical, Mechanical or Civil Engineering.
Experience
- A minimum of 5+ years of relevant experience as a Cost Control Engineer in handling 400 kV GIS projects from the energy & power industry in the GCC/UAE.
Certifications
Expertise in:
Project Scheduling & Primavera P6 – EPC Project Management, Power BI, Oracle and MS Projects.
Skills & Knowledge
- Exceptional knowledge in Cost control management, Project risk assessment management, Contract management, Interface Coordination, and Conflict Resolution.
- Sound Knowledge of estimation is prerequisite.
- Leadership, team building, communication, critical thinking, decision-making, problem solving skills are mandatory.
- Strong presentation and communication skills with the ability to present complex, technical information to a wide audience.
- High competence in technical writing, systems development and utilization.
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Title: Cost Control Engineer; Substation Projects
Company: Toshiba EMEA
Location: Abu Dhabi, UAE/Dubai
Category: