COST ESTIMATING ENGINEER
Zakum Development Company [ZADCO]
UAE,Dubai,Dubai
منذ 5 يوم
source : Drjobs.ae

1 Job purpose & Scope To provide total cost management involving cost estimating, engineering economics and integrated project cost control for all EP project initiatives inclusive of cost estimating support services to all Business Units and to initiate, obtain & update costs for all the engineering activities and form as data bank on the cost of projects, materials, and engineering studies To provide expert Cost Engineering Support for coordinating, Supervising and monitoring for EP department Annual Operating and Capital Budget, Five Year Business Plan and establishing the criteria for KPI’s2 Principal AccountabilitiesCoordinate availability of relevant cost information from various Technical & Commercial Sections when required Provide, in liaison with users, accurate cost estimates for various in&house job studies & projects including carrying out economic evaluation for various options studied ( Life Cycle Cost analysis, NPV, IRR, etc ) by respective Business Units and Support Units Review & firm up consultant developed cost estimates at various engineering phases Follow up the cost related to work executed to identify the accuracy of their cost estimates and utilize to update the records for future estimates Prepare cost estimate for tendered bid packages to bench mark price reasonability and evaluate, analyze & assist in negotiation of single sourced bids Maintainupdate data bank consisting of costs for various projects & studies including collecting information from various local contracting companies Prepare & compile budget forecast data and documentation for EP Operating Plan and 5&year Business Plan for Capital and Extra Ordinary Operating projects Consult with respective project management team and other departments as necessary to determine causes of major budget Vs actual variances and remedial alternatives Maintain computerized data of the budgets, Five&year Business Plan, accounting and financial records related to the Engineering & Technical Projects, including commitments, AFEs raised and expenditure of the current year Periodically monitor cost trends, analyze and project forecasts to execute project controls and issue various cost & financial status reports periodically ( MonthlyQuarterly ) for Management and all concerned parties on the current approved Budget and project costs Provide budget and expenditure information to the FINCTO FINM and reconcile periodically project accounting records for any differences for future action3 Organizational Relationships (Work Contacts)Should be a strong team player with good communications and interpersonal skills in English4 Independence of Operations and Decision&making Authority Work in accordance with overall guidelines, departmental and Company objectives and specialized professional standards Exercise own initiative in setting priorities and refer matters outside his expertise to EPC Team Leader

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