Principal Engineer Cost Control Petrofac Sharjah UAE

Petrofac is actively seeking a qualified and highly experienced candidate for the role of Principal Engineer Cost Control in Sharjah. This is a recently announced career vacancy by the petroleum company and is now open for applications. Interested candidates are encouraged to submit their Curriculum vitae as early as possible to avail this chance.

Tasks of Principal Engineer Cost Control

• Establish a process of information flow with respect to each expense head.
• Provide assigned project cost estimates including material, manpower and equipment/material costs, sub-contracts, third party services, and financial cost etcetera.
• Coordinate with the project engineers to clarify any query/discrepancies.
• Arrive at ‘Estimate to Complete’ (ETC) cost for the remaining works. Co-ordinate with different disciplines.
• Prepare reports on a periodic basis on the status of the costs incurred and the variations of the budgeted v/s actual in consultation with supervisor/Project Manager.
• Monitor costs and generate variance reports as and when required and forward to the Supervisor/Project Manager for his perusal.
• Carry out assessment of potential variations/claims from sub-contractors/vendors.
• Participate in project review meetings, if required and provide any cost related data as and when required.
• Interface and provide clarification to the project engineers and Accounts.
• Propose new suggestion if any and keep improving/updating the process of effective cost control.
• Develop historical Cost database of a project for future reference.
• Provide training and guidance to new/junior Cost Control personnel.

Education & Experience of Principal Engineer Cost Control

• Engineering Degree.
• Minimum of 15 years working experience out of which minimum five years in the Cost Control function of EPC medium projects, preferably last 2 years in Cost Control function in Oil & Gas field.

Job ID

• 080025

Senior Engineer Cost Control Petrofac Sharjah UAE