Summary
GESCO is seeking a Cost Control Engineer to manage budgets, cost plans, forecasts, and cost reporting for MEP projects. The role includes tracking actual, committed, and projected costs; reviewing purchase orders, subcontract agreements, invoices, and payment applications; and assessing the cost impact of variations and scope changes. The successful candidate will hold a bachelor’s degree in mechanical or electrical engineering and have at least 3–5 years of UAE experience in MEP cost control, preferably in building or MEP contracting. Experience with high-rise, commercial, mixed-use, hospitality, or villa projects is requested; Excel, ERP systems such as SAP or Oracle, and AutoCAD are preferred.
The posting
As published on gesco.ae. Pulled from the employer's site and shown as they wrote it.
Job Description
Key Responsibilities:
- Develop, update, and manage comprehensive MEP project budgets, cost plans, and cost control systems throughout the project lifecycle.
- Regularly compare actual project expenditure with approved budgets and investigate significant cost deviations and trends.
- Maintain detailed monitoring of material, manpower, subcontractor, plant, equipment, and other MEP-related project costs.
- Examine purchase orders, subcontract agreements, supplier invoices, and payment applications to verify compliance with approved costs and commercial conditions.
- Maintain visibility of committed costs, incurred/actual expenditure, and projected final costs to support effective project financial management.
- Generate weekly and monthly cost control reports covering budget status, expenditure, commitments, forecasts, and key financial indicators.
- Investigate unfavorable cost movements and budget overruns and provide practical recommendations and corrective measures to control project costs.
- Support the preparation and continuous updating of project cash flow projections, Cost-to-Complete (CTC), Estimate-at-Completion (EAC), and revised cost estimates.
- Monitor material procurement, consumption, stock levels, and wastage and identify opportunities for reducing unnecessary project expenditure.
- Assist in the technical and commercial evaluation of subcontractor and supplier quotations and provide cost comparisons for management review.
- Assess the financial implications of variations, change orders, additional works, omissions, backlogs, and scope changes and incorporate approved changes into project forecasts.
- Coordinate with project teams to ensure cost reporting reflects actual physical progress, procurement status, and project execution.
- Ensure all cost-related information is properly documented, maintained, and supported by relevant records and approvals.
- Follow established company procedures, financial controls, and project cost management standards throughout the project lifecycle.
Education & Experience:
- Bachelor’s Degree in Mechanical Engineering or Electrical Engineering.
- 3–5 years or more of UAE experience in MEP cost control within building contracting or MEP contracting organizations.
- Practical experience in managing project costs for high-rise residential, commercial, mixed-use, hospitality, and villa developments.
- Experience in preparing and monitoring ZC budgets, Cost-to-Complete, Estimate-at-Completion, revised estimates, cash flow forecasts, and project cost reports.
- Experience in analyzing budget versus actual costs, cost generation, project profitability, and financial variances.
- Proficiency in Microsoft Excel, ERP systems such as SAP/Oracle, and AutoCAD, is preferred.