Job Description

QS & Cost Control Engineers are primarily responsible for overseeing and analyzing cost expenditures and projections within a project or organisation.

They utilize their expert knowledge of financial management and engineering principles to ensure projects stay within budget.

They have the following duties and responsibilities:

Analyse project requirements and prepare budget estimations Monitor and track project costs to ensure they align with the project budget Identify and report any potential cost overruns in a timely manner Develop and implement cost-saving measures to maximize project profitability Create financial reports and present them to senior management Collaborate with project managers and other team members to optimise resource allocation Evaluate and compare supplier and vendor contracts, bids, and proposals to ensure the most cost-effective options are selected Use cost forecasting and monitoring tools to anticipate future expenditures Ensure all cost-related activities comply with company policies and legal standards

Cost Control Engineer Template Job Brief

We are seeking a detailed-oriented, thorough, and organised Cost Control Engineer to join our team.

In this position, you will play a key role in reviewing project budgets, costs, and expenditures, ensuring all costs are recorded and tracked accurately.

Our ideal candidate has a strong understanding of cost management principles and can apply them to complex projects.

Ultimately, the Cost Control Engineer's role is to ensure cost efficiency and accuracy in all operations, contributing to the overall financial success of the company.

Responsibilities

Analyze project specifications and drawings to determine the total cost of a project. Control project-related costs, tracking actual spending and predicting future expenditures. Coordinate with project managers and other project stakeholders to gather and verify project progress. Prepare project cost reports and document cost procedures and processes. Identify and recommend cost-saving opportunities. Ensure all cost-related activities adhere to company policies and financial regulations. Forecast future project expenses based on trends and historical data. Conduct risk assessments to minimize project financial risks.

Qualifications

Proven work experience as a Cost Control Engineer or similar role. Solid knowledge of financial software and MS Office. Understanding of construction projects and engineering procedures. Ability to manage and analyze financial data for decision-making. Strong attention to detail and excellent numerical skills. Good knowledge of project management and accounting principles. BSc degree in Engineering, Accounting or a relevant field.
Job Type: Full-time