Cost Control Engineer

We are looking for an experienced Cost Control Engineer to join our construction team in Dubai. The ideal candidate will have strong experience in construction project cost control, with hands-on responsibility for monitoring project budgets, expenditures, commitments, variations, forecasting, and overall cost performance.

Construction company experience is mandatory. Candidates whose experience is limited to general accounting, finance, or non-construction cost control will not be considered.

Hence, the ideal candidate will be someone who has worked directly within a construction project environment and understands how engineering, procurement, subcontracting, site progress, variations, and project expenditure affect overall project costs.

Candidates with purely accounting or finance backgrounds without hands-on construction cost-control experience will not be considered.

Key Responsibilities

• Monitor and control project costs from project commencement through completion.
• Prepare and maintain project budgets, cost plans, forecasts, and cost reports.
• Track actual project expenditure against approved budgets and identify variances.
• Monitor commitments, purchase orders, subcontractor costs, material costs, and site expenditures.
• Maintain project cost codes and ensure accurate allocation of project costs.
• Prepare monthly cost-control reports and provide analysis to project management.
• Monitor project progress against budget and forecast the expected final cost.
• Prepare and maintain Estimate at Completion (EAC) and cost-to-complete forecasts.
• Identify potential cost overruns and provide recommendations for corrective action.
• Monitor and assess the financial impact of project variations, claims, and change orders.
• Coordinate with Project Managers, Quantity Surveyors, Procurement, Finance, and Site Engineers regarding project costs.
• Review subcontractor and supplier commitments and ensure they are accurately reflected in project cost reports.
• Monitor accruals, invoices, commitments, and actual costs.
• Assist in project cash-flow forecasting and expenditure planning.
• Analyze cost trends and provide management with accurate financial information for decision-making.
• Ensure proper documentation and reporting of project costs in accordance with company procedures.
• Support project teams in maintaining cost efficiency and minimizing unnecessary expenditure.

Requirements

• Bachelor's degree in Civil Engineering, Quantity Surveying, Construction Management, or a related engineering/construction discipline.
• Proven experience as a Cost Control Engineer / Project Cost Control Engineer within the construction industry.
• Mandatory: Previous experience working directly for a construction company.
• Strong understanding of construction project cost control and project financial management.
• Hands-on experience with project budgets, cost forecasting, commitments, variations, and cost reporting.
• Experience with EAC, ETC, actual vs. budget analysis, accruals, and cost-to-complete forecasting.
• Strong knowledge of construction project expenditures, subcontractor costs, procurement, and material costs.
• Ability to analyze cost variances and identify potential project cost overruns.
• Strong MS Excel skills and experience with relevant ERP/project management/cost-control software.
• Good understanding of construction contracts, BOQs, variations, subcontractor agreements, and project documentation.
• Strong analytical, numerical, and reporting skills.
• Excellent coordination and communication skills.
• Ability to work closely with project and site teams.
• Must be willing to work on-site in Dubai.
• UAE construction experience is highly preferred.

Benefits

What We Offer

• Opportunity to work with an established construction team.
• Competitive salary based on experience and qualifications.
• Employment visa and medical insurance.
• Career growth and professional development opportunities.