Engineer - Cost Control
- Tecnimont
- 3 - 6 years
- Mumbai
- 1 month ago
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Job Description
If youre looking for an exciting opportunity to work as an Engineer - Cost Control for a leading engineering and procurement company, then Tecnimont has the perfect role for you. As an Engineer - Cost Control, you will play a crucial role in ensuring that projects are delivered within budget and on time, and you will have the chance to work on a variety of challenging and rewarding projects. Job Title: Engineer - Cost Control Company: Tecnimont Location: Global Role and Responsibilities: As an Engineer - Cost Control at Tecnimont, you will be responsible for: - Developing and maintaining project cost control systems, ensuring that project costs are accurately estimated, monitored, and controlled throughout the project lifecycle
- Collaborating with project managers, engineers, and other stakeholders to develop and track project budgets, forecasts, and financial reports
- Conducting cost analysis and risk assessment to identify potential cost overruns and develop mitigating strategies
- Analyzing project schedules and resource allocation to identify potential cost-saving opportunities
- Providing regular, accurate, and comprehensive cost control reports to project teams and senior management
- Identifying and implementing best practices for cost control and continuously improving cost control processes and procedures
- Participating in project meetings, risk assessments, and value engineering workshops to contribute to project cost control strategies Qualifications and Skills: To be successful in this role, you will need: - A bachelors degree in engineering, construction management, or a related field
- 3-5 years of experience in cost control and project management in the engineering, procurement, and construction (EPC) industry
- Strong knowledge of cost control methodologies, tools, and techniques
- Proficiency in project management software and Microsoft Office Suite, particularly advanced skills in Excel
- Demonstrated ability to work in a fast-paced, dynamic environment and manage multiple priorities
- Excellent analytical and problem-solving skills, with a strong attention to detail
- Effective communication and interpersonal skills, with the ability to collaborate and build relationships with diverse stakeholders
- A proactive and results-oriented approach to work, with the ability to work independently and as part of a team Why Tecnimont: Tecnimont is a global leader in the engineering, procurement, and construction industry, with a strong commitment to sustainability, innovation, and excellence. As a part of the Maire Tecnimont Group, we offer a dynamic and challenging work environment, where you will have the opportunity to build your career and contribute to the success of our projects worldwide. If you are passionate about cost control and project management, and you are looking for a new opportunity to grow and develop your skills, then Tecnimont has the perfect role for you. Join our team and be a part of our exciting journey as we continue to deliver cutting-edge projects for our clients. To apply for the position of Engineer - Cost Control at Tecnimont, please visit our careers page and submit your resume and cover letter. We look forward to hearing from you!
Roles and Responsibilities
The role of an Engineer - Cost Control is crucial in ensuring that a project stays within budget and meets financial targets. This role involves monitoring and managing the costs associated with a project, identifying potential cost-saving opportunities, and providing valuable insights to the project team and stakeholders. In this blog, we will discuss the roles and responsibilities of an Engineer - Cost Control in detail. Roles and Responsibilities: 1. Budget Management: One of the key responsibilities of an Engineer - Cost Control is to develop and manage the project budget. This involves working closely with project managers and other team members to establish a detailed budget that accounts for all necessary expenses. The Engineer - Cost Control should also regularly monitor the budget to ensure that costs are kept in check and that any deviations are promptly addressed. 2. Cost Estimation: Engineers in this role are responsible for providing accurate cost estimates for various aspects of the project, such as materials, labor, equipment, and overhead. This involves using cost estimation tools and historical data to forecast the anticipated costs and develop a detailed cost breakdown for the project. 3. Cost Monitoring and Reporting: The Engineer - Cost Control is responsible for tracking all project expenditures and providing regular reports on the financial status of the project. This includes analyzing cost trends, identifying potential cost overruns, and recommending corrective actions to keep the project on track. 4. Change Order Management: In the event of changes to the project scope, the Engineer - Cost Control plays a key role in evaluating the impact of these changes on the project budget. This involves assessing the cost implications of proposed changes, negotiating with vendors and subcontractors, and obtaining approvals for any necessary budget adjustments. 5. Risk Management: As part of their responsibilities, Engineers in this role should identify and evaluate potential risks that could impact the project budget. This involves conducting risk assessments, developing mitigation strategies, and implementing measures to minimize cost-related risks. 6. Vendor and Contractor Management: Engineers - Cost Control work closely with vendors and contractors to ensure that all cost-related aspects of contracts and agreements are properly managed. This includes negotiating pricing, reviewing invoices, and verifying that all work performed is in line with the agreed-upon costs. 7. Continuous Improvement: The Engineer - Cost Control is responsible for identifying opportunities for cost-saving measures and process improvements. This involves staying up-to-date with industry best practices, leveraging new technologies, and implementing efficient cost management strategies. In summary, the role of Engineer - Cost Control is essential for ensuring that projects are completed within budget and financial objectives are met. By effectively managing costs, providing accurate financial insights, and implementing proactive measures, Engineers in this role play a critical role in the overall success of a project.
Job Classification
Industry: Engineering & ConstructionFunctional Area / Department: Construction & Site EngineeringRole Category: Construction EngineeringRole: Billing / Planning EngineerEmployement Type: Full timeContact Details:
Company: TecnimontLocation(s): Mumbai
Keyskills: project management analytical order management interpersonal skills primavera subcontractors monitoring microsoft office suite cost estimation excel construction management cost control procurement cost analysis project management tools communication skills
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