Cost Engineer

Overview

MCL requires an experienced Cost Engineer for our Oil and Gas client.

Project name: SOFON - National Maritime Infrastructure

Duration: estimated 6 months (extensions possible)

Rate: 80 USD/hour all inclusive hourly gross rate

Per Diem allowance: if candidates permanent address is more than 150 km from office location, they will be eligible for a per diem USD 129 for every calendar day

Hours: 40 hours per week

Locations: London

Status: Candidates can operate as either Ltd company or UK Umbrella PAYE (please advise your preferred option upon application)

**Candidates MUST have UK Right to Work**

Responsibilities

Package name: Yacht Shipyard Package 2 Division

Project name: SOFON - National Maritime Infrastructure

Location: London, United KingdomProject phase: Pre-FEED; FEEDProject Scope of Work:In accordance with government directive, Saudi Aramco has been directed to develop the National Maritime Infrastructure Project (Sofon Project) on the Eastern and Western coasts of the Kingdom, which consists of a naval shipyard in Ras Al Khair, a commercial and naval shipyard in Yanbu, and a leisure shipyard in King Abdullah Economic City (KAEC).This project is expected to have a substantial impact on direct and indirect employment within the Kingdom, which includes the creation of 140k local jobs, promote local SMEs, and help propel the Kingdom’s economy through increasing the GDP.Additional information• PMC contract end date: end of July 2025• Quality candidates (Aramco experience is preferable)• Candidates Preferred: eligible to work in United Kingdom.Job Purpose

The role of the Cost Engineer provides advisory support to the project management team related to all the cost related activities. The candidate will act as the interface between the Business Team and the rest of the team.

Key Responsibilities and Duties

• Communicate assigned project issues/concerns directly to Project Manager, (Sr. Cost Engineer) and Business Administrator.
• Develop and maintain cost reports, cash flow and contingency analyses for the individual projects.
• Provide Cost Estimates.
• Administer Change Orders and Bid box as required by procedure.
• Estimates costs of positive / negative scope changes and assess impact on total project cost: work with estimators to get assistance if needed.
• Ensure accurate reflection of committed/spent funds, Change Alerts, Project deviation notices, field change orders, and project execution changes in all cost documents relating to the construction phase.
• Assist with managing existing and amended AEL values.
• Liaison with Human Resource Department to monitor office space which is billable to the project as required to ensure that the project is not billed for space not being used.
• Derive an accurate and realistic forecast of all funds required to complete the project within the defined budget and schedule while incorporating own trending and analysis and consult with the Project Manager prior to publishing.
• Ensure accurate representation of cost data in weekly, monthly and ad hoc reporting.
• Alert Coordinating Cost Management Office and Business Management Office and the project team to critical Cost Management issues.
• Provide assistance for additional cost management related studies and scenarios if required.
• Prepare and update monthly project updates (MPU).
• Review of Contractor Progress Payment Certificates for Engineering, Procurement and Construction.
• Process Service Entry Sheets through SAP once the invoice is approved.
• PO creation and WBS corrections through SAP.
• Monitor, analyze& verify project Controllable Costs on a monthly basis through the Operating Statement Dashboard.
• Change Management (follow the process from COR to settlement).

Educational & Technical Requirements:

• Undergraduate degree in relevant discipline
• 5-10 years experience in the Cost Management field.
• 3 years minimum on Saudi Aramco Projects.
• NB: If you do not have Aramco project experience then you must be able to demonstrate solid recent experience O&G project owner companies 
• Capacity of analysis and skills for desktop application
• Good knowledge of English, both written and verbal
• Mega Capital Projects experience preferred

Competencies:

• Adapt & Learn
• Plan & Organize
• Analyze & Solve problems
• Communicating openly & effectively
• Excellence/ Drive for results