Jobs Engineering Jobs in Saudi Arabia in Saudi Arabia
1. Principal Objective: A brief summary of the responsibilities of the position
Responsible for Construction-wide cost control, cost estimation, forecasting input for project’s budget plans, work control (work authorization and work release), and review of contractor’s invoices.
The Senior Cost Engineer provides a major role in enforcing contractual responsibilities of the RC Contractor’s cost performance. Within the framework of the assigned project area, he estimates, monitors and advises the RC contractor on cost, change order and invoice matters – collecting, evaluating, forecasting and estimating cost/ invoice data as requested by management.
2. Organizational Relationship: A brief synopsis of reporting relationships; i.e., reports to, supports section, group, etc.; interfaces with senior management, clients, etc.
The Senior Cost Engineer reports to the SRCMs, SRCEs and is assigned to the Construction Department Staff. He works directly for the SRCMs.
A close relationship is maintained with the RC Contractors and the SRCEs.
During budget reviews and presentations, frequent contact with the major department managers on work and cost control matters and interface with other section managers such estimating, scheduling, reporting, planning and budgets as necessary.
3. Major Activities Performed:
1. Develops systems which provide construction department/SRCMs & SRCEs with needed commercial analysis, budget allocation on various levels, cost estimation and invoice control information for the construction projects.
2. Responsible for directing the development, evaluation and consolidation of all cost engineering reports and cost control methods.
3. Responsible for Construction Department operations of the work control system (work authorization and work releases) including procedural development and contact with higher management and client.
4. Directs contractor through the pre and post-award conference and subsequent meetings on establishing a contract breakdown for progress monitoring, cash flow preparation, work estimate preparation, documentation requirements and other financial related matters.
5. Oversees the labor distribution for contractors, establishes new codes and tracks specific charges as required.
6. Prepares commitment and expenditure fiscal requirements forecast which eventually become the annual budget. Performs variance analyses offering explanations for deviation from planned levels of commitments and expenditures.
7. Provides technical advice on cost related or work control matters to management, provides historical manpower and Annual Implementation Plan (AIP) information on the projects since inception.
8. Reviews and validates contractor’s work estimates, change order requests and invoices for accuracy, consistency and continuity of cost data. Participates in field surveys of completed work to verify contractor claimed quantities on work estimates.
9. Established and maintains cost control tracking on unit price contracts – monitoring latest estimate-to-complete quantities vs. contract quantities and alerting management of any potential overruns well before they occur.
10. Assists the Senior Resident Construction Manager in identifying, preparing and documenting change orders which affect cost. Closely coordinates with the Contractor’s Estimator on those estimates requiring his expertise.
11. Responsible for establishing the CVFC (Contracts Value Forecast at Completion by assigning trends to all forecast changes affecting cost, scope or schedule.
12. Responsible to alert management to any potential Royal Commission financial exposure relating to a particular contract be it due to contractor’s financial instability, claims, over-billing or failing to follow contractual requirements.
13. Responsible for updating relevant CSR’s (Contract Status Reports) on all active contracts in the Program Progress Report by indicating contract values, forecast values, scheduled and actual expenditures and percentage progress billed.
14. Responsible for updating forecast values of active contracts in the cost reimbursable/unit price contract report by incorporating potential modifications and updating actual expenditures.
Job Details
| Posted Date: | 2020-11-16 |
| Job Location: | Jizan, Saudi Arabia |
| Job Role: | Engineering |
| Company Industry: | General Engineering Consultancy |
Preferred Candidate
| Career Level: | Mid Career |
| Degree: | Bachelor's degree |
To apply for this job click here
jobs SENIOR COST ENGINEER - Parsons International Limited
Engineering Jobs in Saudi Arabia,وظائف في المملكة العربية السعودية/Jobs In KSA,Engineering jobs SENIOR COST ENGINEER - Parsons International Limited ,Jobs Engineering SENIOR COST ENGINEER - Parsons International Limited ,وظائف السعودية,وظائف مهندسين فى السعودية,شواغر السعودية,وظائف الهندسة بالسعودية,مطلوب للعمل بالسعودية SENIOR COST ENGINEER - Parsons International Limited ,وظائف خالية فى السعودية,مطلوب SENIOR COST ENGINEER - Parsons International Limited للعمل فى السعودية