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

    Wood is currently looking for a Cost Engineer to work on the engineering and project management services for an Unconventional Gas Development Program in Saudi Arabia. We are committed to managing the program from our Al - Khobar office where the project management team will be based for the duration of the contract. This represents an excellent development opportunity for individuals interested to work in Saudi Arabia, with most assignments expected to be for at least one year’s duration with the opportunity of further extension for the right candidates.

    We have been awarded contracts by our client for the provision of engineering and project management services for their Unconventional Gas Development Program. The program covers current field development in three different parts of Saudi Arabia with potential further field developments to be added later as the Program develops and expands. The Unconventional Gas development program is focused on increasing gas production via the development of shale gas and tight gas resources in the Kingdom. The new sources of gas are intended to displace middle and heavy distillate fuels currently used in power generation within the Kingdom of Saudi Arabia.

    • Leading the development of cost estimates prepared by contractors during Conceptual & FEED phases including developing Estimate Basis Memorandums and Estimate Confidence Packages
    • Preparing cost estimates for contract variations including the review and evaluation of contractor submitted variations
    • Leading the review and assessment of variations with contractors through to agreement and conclusion of the related variation order
    • Working 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
    • Analyzing work activities, manpower and GCC productivities in generating new work unit rates with Contractors
    • Coordinating with project Commercial to obtain local market quotes and trend to estimate cost for any variations or additional works
    • Reviewing / Participating in the preparation of annual client Business Plan and related cost quarterly cost forecasts
    • Leading the development of bid check estimates and cost breakdown structure to be used for commercial evaluation and tendering
    • Providing analysis of contract payment terms and related cash flow
    • Participating in the preparation of Business Cases and in developing required cost justification assessments for approval by Senior Management
    • Conducting peer reviews of in - house Project Cost Estimates
    • Establishing and implementing Project cost estimating database for benchmarking and reference
    • Leading the development, review, analysis and evaluation of costs related to contractor claims and identify potential cost risk events and evaluate related cost impact
    • Assisting in the preparation of the final project close - out report and fixed asset register

    Skills / Qualifications

    • Bachelor’s degree in engineering
    • Over 5 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

    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 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.


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