Senior Cost Engineer
For more than 30 years, Mentor IMC Group has provided Consultants and Teams to global Energy and Infrastructure companies, encompassing all Project Management, Design, Engineering and Health & Safety disciplines across the Oil and Gas, Renewables, Offshore Wind, Nuclear, Power and Construction industries.
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Senior Cost Engineer
SENIOR COST ENGINEER required by our Client, to be assigned on a Contract basis, located in Trinidad.
Duration: 12 months on going
POSITION SCOPE
The Senior Cost Engineer is accountable for driving cost control and forecasting on the project in accordance with Project Controls Guidelines, and application of the Cost Engineering Procedure and related guidance documents.
PRINCIPLE RESPONSIBILITIES:
Working with the Project Manager, Project Controls Lead, Project Delivery Teams, and major Contractors, the Senior Cost Engineer co-ordinates and manages the following requirements and deliverables:
Implement Project Cost Control strategy, plans and procedures, reflecting both Company and Contractor roles and responsibilities. Resolve issues pertaining to project cost control procedures.
Coordinate development and implementation of Project Work Breakdown Structure (WBS) / Cost Breakdown Structure (CBS) in conjunction with Project Lead and Project Planning / Scheduling Engineer.
Coordinate and/or develop appropriate control budgets consistent with project estimate and WBS/CBS.
Review and audit each applicable Contractor's cost control procedures and practices.
Perform quality assurance on each applicable Contractor's cost management performance.
Ensure the Forecast Final Cost (FFC), cost phasing, variances and uncertainties are reviewed monthly in conformance with the Cost Engineering Procedure, and based upon Contractor performance and/or changes.
Integrate Delivery Team inputs into Total Project cost report and review with the Project Manager / Project leadership team each month to maintain clarity on project performance. Key issues must be distilled and highlighted for leadership so that necessary interventions can be made throughout execution.
Support delivery thru quarterly project financial and performance reviews (QPF/QPP), maintaining transparency against annual CAPEX spend target.
Provide cost phasing profiles that reliably meet quarterly accuracy target of +/- 5%, ensuring all variances are clearly communicated to Project leadership team.
Ensure Allowances and UAP are managed per planned drawdown curves and reviewed quarterly to inform the Control Target and Performance Target, respectively.
Update the six-monthly quantity-based Master Control Estimate (MCE) to inform progress against the Control Target and Performance Target.
Work with Finance team to improve Cash Cost forecasting process and accuracy.
Review financial data related to accruals, invoice payments, purchase orders and contracts. Coordinate assessment of Value-of-Work Done (VOWD).
Work with Procurement & Supply Chain Management (PSCM) to ensure Commitments and Variations / Change Orders are tracked accurately and fed into the cost forecast.
Participate in change management process and provide assessment of cost impacts.
Manage project headcount targets for both Staff and Agency.
Provide monthly updates and ensure staff plan review process, labour reporting, org charts, and other related reporting needs are met. Actualize the staff plan.
Ensure team members deployed into Delivery Teams are acquainted with Contractor's Project Controls Plans, reporting obligations, and general terms of contract.
Facilitate monthly cost reviews.
EXPERIENCE/QUALIFICATIONS
B.Sc. Degree in Engineering, Business or Project Management related field optional but preferred.
Relevant Bachelor's Degree from a recognized tertiary institution or equivalent
Experienced (10+ years) in oil & gas, preferably on large scale, complex projects.
Self-motivation and a high level of individual initiative and self-reliance will be required.
Ability to interface, influence, and work effectively with members of Project leadership team and delivery team project managers.
Good written & verbal communication skills.
Fully conversant with Microsoft Excel & Power BI
Proficient in Microsoft Outlook, PowerPoint, and Word.
Job Ref: 9274
Trinidad
COST ENGINEERS ONSHORE
Contract
