Cost Control Engineer


Cost Control Engineer

I am currently representing a fantastic client based in Nigeria who are looking for a Cost Control Engineer on a 12 month renewable contract. My clients requires a Cost Control Engineer an Establish and manage effectively a cost control system in order to support the Project Manager's decision-making process and allow him to complete the project within the approved Budget

You will be responsible for:

During the initial phase after contract award: ensure the implementation of the Cost Control System; in particular:
  • Elaborate the consolidated Cost Breakdown Structure on the base of the Commercial Budget, the available feedback from similar projects, the risks profile, the needs to return data to Commercial Department; recast the Commercial Budget in the established CBS and issue of the Control Budget as per internal procedures.
  • Review the procurement/accounting system adopted in each Operating Companies/Branches participating to the project, to verify the application of the CBS and the proper tractability of costs (from Purchase Requests to accounted invoices).
  • Identify the number/skill of cost control resources necessary to control the project.
  • Issue the Project Cost Control Procedure, that explains the consolidated Cost Breakdown Structure (as well as the CBS codes to be used by each Operating Companies participating to the project) , how/by whom the CBS shall be used in the procurement and accounting cycle, lines of communication , responsibilities and information flow required for a timely costs analysis and forecast updating.
  • Input the Cost Breakdown Structure in IBIS (by entity/Job number) to allow start of procurement / accounting activities.
  • If not developed during commercial phase, split the Commercial Budget following the inter company scheme, to elaborate revenues/costs by entity, by currencies, by main cost accounts; following the contract and the work schedule, to elaborate revenues and costs by month (spread forecast) and, associating the payment terms, elaborate cash-flow by currency. 
Ensures, during the execution phase, the Cost Control System works effectively and cost status is soundly assessed and reported; in particular:
  • Monitor cost coding system is properly applied and information flow is correct and complete.
  • Revise promptly the Control Budget (revenues and costs) with all agreed Changes and the necessary Internal Transfers.
  • Monitor, for subcontracts and other significant items, progress and the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress).
  • Support the purchasing process for overrun prevention (budget analysis for PO's request before commitment).
  • Analyse committed costs and activities to-date (actual vs budget performance and productivity).
  • Isolate any adverse trend and warn the PM on time to take corrective actions.
  • Review monthly the forecasts to complete, any deviation from baselines and the effect of the corrective actions taken by PM.
  • Review with PCE and PM the risks/opportunities status.
  • Issue monthly Cost Report (consolidated) inclusive of details and written comprehensive analysis of performance, trends,deviations and assumptions. 

Due to a high number of applicants for this position, if you do not receive feedback for this role within 10 working days unfortunately you have been unsuccessful.

For more information / to apply please call +44(0)2074484301 or email

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