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Eden Prairie

    Cost Control Engineer - Eden Prairie, United States - Tanqeeb

    Tanqeeb
    Tanqeeb Eden Prairie, United States

    3 weeks ago

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    Description
    Job Summary

    The Cost Control Engineer coordinates in all aspects of the cost capturing, monitoring, and forecasting effort for their assigned project with proper documentation.

    Ensures in delivering the complete suite of cost-control services and financial support for projects.

    This position maintains the project cost information, and with the Project Controls Lead shall oversee variations and revisions to existing budgets.

    Job Responsibilities

    Principal Accountabilities

    Monitor, control, and report on projects in terms of cost history and forecast

    Maintain planned and actual cost and commitment schedules

    Maintains internal labor and project costs to allocated budget

    Creates Budget Transfer Requests as directed by the project teams


    Implements approved departmental policies and procedures and ensures adherence with the processes implemented so that work is carried out in a controlled manner.

    Receives no more than 5 NCRs per month and ensures their resolution within 10 days

    Manages cost control on site and be able to complete and confirm all works with a minimum billing of 30 M QR / month

    Monitors daily operations assigned for the cost control to ensure compliance with the established standards and procedures

    Processes and approves MR, PO, S/C Agreement, PC, SRV, SIV within 10 working hours of their creation

    Develops cost structures for all activities, ensuring agreement with the allocated budgets, plans, and accurately assigning costs to designated items to provide better means for controlling day-to-day activities

    Daily verifications of the cost allocation of transactions to cost codes and reallocating as needed within 10 working hours of the entry time

    Visits the sites at least once weekly to verify the progress measurements

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