Cost Engineer at Cainergy International Limited

Reports To: Engineering Manager

Job Objective / Purpose of Job

• The Cost Engineer role entails reviewing, developing, planning and preparing cost estimates for Cainergy’s contracts, corporate processes, commercial ventures and projects, etc. and also monitoring the plans and estimates in the course of execution with a view to helping the organization achieve cost optimization

Job Duties / Responsibilities / Accountabilities

• Unpack tenders in detail, understand technical and commercial scope, review and understand delivery requirements, perform site visits when necessary and calculate all fixed and variable cost for the successful execution of the scope in accordance to client specifications.
• Recommend appropriate mark-up to project cost as per the company’s requirements or as the market dynamics may entail, for management review and consent.
• Assess prospective scope and main components to develop consistent estimates for each concept under consideration.
• Develop detailed project cost estimates, including project complexity factors, based on input data such as project objectives, scope and economic analysis.
• Translate the identified project scope into an estimate of capital expenditure costs.
• Implementation of the cost control system, elaborating consolidated cost breakdown structure for Cainergy and its various project sites.
• Issues project cost control procedure, cost coding manual and risk management plan.
• Structuring commercial budget according to project, contract and work schedule.
• Coordinate price and cost risk management activities and lead in brainstorming and qualitative and quantitative assessment of identified risks and opportunities.
• Ensure cost control system effectiveness and cost status is assessed and reported.
• Monitor progress of activities and earned value.
• Provide support during contract changes/claims process, providing cost impact analysis, and keeping cost/revenues forecast updated
• Analyse costs and activities to-date, review estimate to complete, isolating any deviation from baselines; providing advisory and supports Project manager.
• Maintain risk management process, organizing periodic meetings and verifying risk owners.
• Supports Project Team in preparing Project Progress and close out report and cost feed-back data to Management.
• Any other related task assigned that may be assigned.

Requirements

• A Higher Diploma / Degree or its equivalent in Science / Engineering is required.
• At least 10 years of relevant experience in Contracts Management, Project Control and Cost management and estimation.
• IOC Experience is preferred.
• Knowledge of cost control, planning and document control tools, structure
• Membership/ affiliation to relevant professional institutions or organisations Professional Certifications in cost Management or Cost engineering will be an added advantage

Required Key Skill:

• Knowledge of Contract Management and Commercial Processes (contract evaluation, negotiation and proposal).
• Minimum (5) years of relevant Strong technical, quantitative analysis and process orientation skills
• Working knowledge of root cause analysis concepts and cost mitigation strategies.
• Solid verbal and written communication skills
• Strong interpersonal and organizational skills
• Ability to work as a self-directed individual and in a team environment
• Strong attention to detail
• Ability to organize and direct the activities of instrument work activities and coordinate such activities with operations and maintenance departments
• Demonstrated organizational skills and an ability to manage multiple projects and tasks in an effective manner
• Demonstrated problem-solving skills and sound engineering principles
• Knowledge of good Engineering practices, processes and procedures
• Proficient computer skills, specifically with Microsoft Office (Word, Excel, PowerPoint)
• Very good knowledge of data management for effective reporting and decision-making.