• Cost Engineer

    Requisition ID
    Work Location
    Department / Discipline
    Position Type
    Fixed Term
  • Overview / Responsibilities

    Wood is currently recruiting for a Cost Engineer with extensive experience in the Oil and Gas Petrochemical industry. This position will be based in our al-Khobar office and will be supporting multiple projects. 


    You will join the Cost function which provides Cost services across our full scope of work. This role will be involved in all stages of the project lifecycle including Concept, FEED and the EPC phases subject to the scope of requirements. To assist with providing these services, Wood runs an in-house integrated project management system interfaced with proprietary systems where appropriate.


    • Lead the development of cost estimates prepared by contractors during Conceptual & FEED phases including developing Estimate Basis Memorandums and Estimate Confidence Packages
    • Prepare cost estimates for contract variations including the review and evaluation of contractor submitted variations
    • Lead the review and assessment of variations with contractors through to agreement and conclusion of the related variation order
    • Work with Quantity Surveyor and Discipline engineers to validate the scope of work, BOQs and MTOs for all variations and additional scope items from the relevant supporting project drawings and obtain BOQs / MTOs endorsement by Company’s discipline engineers
    • Analyze work activities, manpower and GCC productivities in generating new work unit rates with Contractors
    • Coordinate with project Commercial to obtain local market quotes and trend to estimate cost for any variations or additional works
    • Review / Participate in the preparation of annual client Business Plan and related cost quarterly cost forecasts
    • Lead the development of bid check estimates and cost breakdown structure to be used for commercial evaluation and tendering
    • Provide analysis of contract payment terms and related cash flow
    • Participate in the preparation of Business Cases and in developing required cost justification assessments for approval by Senior Management
    • Conduct peer reviews of in-house Project Cost Estimates prepared by the ECW, AUP, EPC-1& EPC-2 teams
    • Establish and implement Project cost estimating database for benchmarking and reference
    • Lead the development, review, analysis and evaluation of costs related to contractor claims and identify potential cost risk events and evaluate related cost impact
    • Assist in the preparation of the final project close-out report and fixed asset register
    • Perform other related duties as assigned by supervisor such as ongoing training and development of assigned UAE national employees and any other assignments, as and when required

    Skills / Qualifications

    • Bachelor degree in Engineering
    • Over 8 years’ experience in cost estimation and reporting protocols for all Contract / Agreement types in major Oil & Gas Industry, both Onshore and Offshore
    • Knowledge of special application cost estimation software packages
    • Fluent in English (read, write, speak)

    Company Overview

    Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors. Employing around 35,000 people in more than 55 countries and with 2016 revenues of £5.4 billion, the company operates across the oil and gas industry - from production through to refining, processing and distribution of derivative products - and in the mining, power and process, pharma, environment and infrastructure markets.


    Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.


    Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.

    Diversity Statement

    We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.


    Join the Talent Community

    Interested in working for Wood? Take the first step today by joining our talent community. By joining the community, your chances of matching to the right role are increased, as our recruiters search the community daily to match open positions with member profiles.

    If you can’t see the perfect role advertised online, the talent community is the best way to keep up to date with job opportunities and events relevant to you.

    Click here to join today!