• Title
    Lead Cost Engineer
    Requisition ID
    Work Location
    Department / Discipline
    Project Control
    Position Type
    Fixed Term
  • Overview / Responsibilities

    Wood has an opportunity for a Lead Cost Engineer. There is an increased thrust to deliver our services for the growing Asian market. As a result of this, Project Control Department operation is expanding and evolving to manage the challenges of regional projects that continue to pose challenges in offering our services through a global talent pool.

    • Reporting to the Project Manager / Project Control Manager, the main functions of the role will be to understand all relevant documentation pertaining to the project including scope of services, conditions of contract, project execution plan, project schedule etc
    • Work within standard project cost engineering procedures.  Ensure that these procedures comply with contractual reporting requirements and, if not, modifying accordingly
    • Prepare activity plans to accomplish all work required by the procedures and to ensure sufficient manpower availability
    • Write job descriptions for Cost Engineers assigned to the project
    • Direct and control the work of all Cost Engineers assigned to the project
    • Assist the Chief Cost Engineer with appraisals of Cost Engineers assigned to the project
    • Liaise with Client Project Control personnel as necessary
    • Prepare manhour, material quantity and cost budgets from the cost estimate, and update them on approval of contract changes and budget transfers
    • Disseminate budget information to all operating groups, providing clarification and additional information where necessary and ascertaining commitment to budgets as the cost target
    • Generally instilling cost awareness in the project in the project organisation such that capital costs are controlled and changes to workscope are identified and quantified
    • Obtain from operating groups, the latest information pertinent to cost analysis and ensuring its accuracy and completeness. 
    • Attending meetings concerning cost matters
    • Maintain a comprehensive material and construction quantity control and reporting system to include the current status of budget, material take off and forecast quantities
    • Liaise with Project Planning Engineer on analysis of project status
    • Identify and analysing deviations and trends against the budgets. Investigating such deviations with the relevant group and advising Project Manager of issues requiring corrective action
    • Establish and maintaining all cost recording documentation, providing comprehensive cost analysis and preparing forecasts of final project costs
    • Review overall project status and forecasts with Project Manager each month
    • Prepare monthly cost Reports with supporting narratives
    • Prepare and issue Cost Action Reports to Project Manager
    • Prepare monthly Contract Profit Reserve Forecast and associated back up for review with both Project Manager and Chief Cost Engineer
    • Prepare monthly manhour backlog report for review with both Project Manager and Chief Cost Engineer
    • Ensure reconciliation on a quarterly basis between project cost reports and Accounting Department cost and billing information
    • Prepare final project statistics and advice on effectiveness of procedures and systems for possible developments on future projects

    Skills / Qualifications

    • Degree in Engineering or equivalent with relevant experience in the project procurement of mechanical and electrical equipment, instrumentation, piping materials and services for construction in petroleum refineries, petrochemical, chemical and pharmaceutical plants
    • Minimum 15 years experience 
    • Good coordination, interpersonal and negotiation skills
    • Highly motivated, well organized, resourceful and proactive
    • Possess good interpersonal skills with sound written and oral communication skills
    • Flexible approach and able to work under pressure with a can-do attitude and a desire to win
    • Ability to promote an open and informal communication environment that aims at growing mutual trust and teamwork

    Company Overview

    Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 60,000 people, with revenues of over $10 billion.  We provide performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors.  www.woodplc.com  

    Diversity Statement

    We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified individuals will receive consideration for employment on the basis of objective work related criteria and without regard to the following: race, colour, age, religion, gender, national origin, disability, and/or protected veteran status, or other characteristics in accordance with the applicable governing laws.

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