Cost Engineer in Constanta, Romania

Responsible for:

  • Responsible to forecast, control and monitor project budgets
  • Monitoring total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.
  • Maintaining cost breakdown structures
  • Distribute the project charge codes and making sure all the costs are booked to the correct budget
  • Monitor and evaluate project budget continuously based on feedback from operation, progress meetings and reports, committed PO and subcontracts, change orders, vendor invoices, and other available information
  • Assist the progress reporting process (internal and client)
  • Perform project costing related reporting to the team and management’s review on a weekly basis to ensure that expenditures are kept within the project budget.
  • Prepare variation reporting for any change in budget with detailed explanation and backup
  • Monitoring of milestone progress to the preparation of documentation for the customer billing processes
  • Assist with PO and subcontract commercial bid evaluation to make sure the cost commitment is within the budget
  • Provide cost control advice to the internal PMT team as and when required.
  • Work closely with Contract Lead to evaluate the cost impact on any Change Order
  • Work closely with Planner to evaluate the cost impact on any schedule change
  • Monitor the PMT, engineering, construction labours manhours compared to budget
  • Understand the execution plan and include any deviation from bid basis into the budget and obtain budget approval from project manager and management
  • Assist with risk assessment and populate the contingency budget

Authorised to: Monitor and appraise the project financial strength

Requirements

  • Bachelor Degree in Engineering / Quantity Survey or related discipline
  • Minimum of 5 years relevant experience with offshore and onshore construction contractors engaged in EPC oil and gas projects.
  • Experience on projects involving engineering, procurement, fabrication, platform installation, pipeline installation and onshore plant installation.

Knowledge & Skills

  • Good business and commercial sense
  • Good in Microsoft Excel
  • Understanding of overall project execution plan
  • Understanding of engineering and construction works
  • Basic accounting knowledge
  • Good forecasting skills
  • Capable of translating changes in project execution, schedule, contractual issues, procurement plans and project performance into cost impact if any

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