Cost Control Engineer - Construction

Teba United - Egypt - Cairo

Budgeting and Cost Estimation

  • Assist in the preparation of the project’s initial cost estimates and overall project budget.
  • Review and validate construction cost estimates provided by contractors, subcontractors, and suppliers.
  • Ensure that all estimates are aligned with scope and project specifications.

Cost Monitoring and Control

  • Track and monitor project expenditures, including labor, materials, equipment, and subcontractor costs.
  • Conduct regular cost variance analysis, identifying discrepancies between actual costs and budgeted costs.
  • Ensure that change orders, contract amendments, and cost adjustments are accurately documented and incorporated into the project’s cost control system.

Cost Reporting and Documentation

  • Prepare monthly cost reports for project management and stakeholders, summarizing cost performance, forecasts, and trends.
  • Provide detailed analysis of cost deviations, including root cause analysis and recommendations for corrective actions.
  • Maintain and update project cost forecasting, including cash flow projections and resource allocation.

Risk Management

  • Identify potential financial risks that could impact project budgets or timelines and propose mitigation strategies.
  • Participate in risk assessments and support the development of risk management plans from a financial perspective.

Contract Administration

  • Review and monitor contracts, change orders, and purchase orders to ensure proper cost allocation and financial compliance.
  • Assist in resolving disputes related to cost issues with contractors and subcontractors.

 Experience with large-scale construction projects (e.g., commercial, industrial, infrastructure).Proficient in cost control software (e.g., Procore, Builder trend, Aconex, Oracle Primavera P6, Microsoft Excel).Strong knowledge of construction cost management, including materials, labour, and equipment costs.Ability to analyse financial data, generate reports, and identify cost discrepancies.Strong analytical and problem-solving abilities.Attention to detail with the ability to manage multiple tasks simultaneously.Excellent communication and interpersonal skills to collaborate with internal teams and external stakeholders.Understanding of construction contracts (e.g., FIDIC, NEC) and project lifecycle.Ability to work under pressure and meet tight deadlines.Familiarity with local construction codes, standards, and regulations.
Post date: Today
Publisher: Wuzzuf .com
Post date: Today
Publisher: Wuzzuf .com