Cost Engineer

• Estimate Project and Turnaround & Inspection (T&I) activities cost in terms of labor, material, equipment and process invoices.
• Responsible for preparation of cost portion of the engineering, procurement and construction contracts.
• Convert technical scope of work into cost estimate.
• Develop budgets by estimating resources.
• Provide all cost engineering expertise and coordinates activities as group/unit leader as required.
• Identify areas of concern for potential cost overruns or under-spends, and provide solutions to maintain expenditure within budget.
• Identify opportunities that will create value with proper tracking and reporting.
• Review and analyze contractor s claims and change orders.
• Participate in the negotiation of contracts as required.
• Initiate appropriate actions when the total forecast indicates allocated funds will be exceeded.
• Keep abreast with significant developments in cost engineering, by close review of technical literature, contacts with contractors, visits to areas of construction, and attendance at professional technical meetings.
• Review the contractor s cost reports and work progress, and provide comments and recommendations as required.