Cost Control Engineer

The Cost Control Engineer is responsible for monitoring and controlling project costs, budgets, commitments, forecasts, and expenditure against approved baselines. The role supports cost reporting, variance analysis, change assessment, verification of contractor variations and claims and financial coordination to maintain cost visibility, identify potential overruns, and support informed project decisions. Key Responsibilities Monitor project budgets, actual costs, commitments, and forecasts against approved cost baselines. Maintain and update cost reports, cost plans, commitment registers, and expenditure records. Analyze cost variances, identify potential overruns, and provide explanations and recommendations for corrective action. Follow up with the Area Project Managers, Procurement, Contracts, Finance, and relevant teams to validate cost information and commitments. Follow up the consultant's review and certification of contractor payment applications and variations, verify their cost impact against the budget and contract, and record them in the cost reports. Verify the cost impact of change requests, variations, and claims submitted by the contractor and assessed by the consultant and advise the Area Project Managers and the Director. Prepare periodic cost reports and forecasts, highlighting budget utilization, projected final costs, risks, and deviations. Track approved changes and ensure their impact is appropriately reflected in project budgets and cost forecasts. Support budget preparation, cost planning, and financial reviews throughout project execution. Follow up the contractor's cost-related submissions and cash-flow forecasts. Provide the cost status and forecasts for the bi-weekly status report to the CDO, and report budget overruns to the Project Management & Controls Director for escalation. Verify the final account and closing cost position at handover and record unspent budget and retention in the final cost report. Maintain accurate and traceable cost-control records in accordance with approved procedures and reporting requirements. In addition to any other tasks assigned by the direct manager. Education: Bachelor’s degree in Engineering, or a related field. - Previous Experience: 2-5 years of experience in project cost control, preferably within real estate development or construction. - Special requirements: Strong knowledge of project budgeting, cost tracking, forecasting, and variance analysis. Proficiency in Excel and project cost-control systems. Strong analytical, numerical, and reporting skills. High attention to detail and effective coordination with technical, commercial, and finance teams. Show more Show less