Planning and Cost Control Engineer

We are seeking a detail-oriented Project Cost Control Engineer to join our team. The ideal candidate will be responsible for developing and managing project budgets, cost estimates, and financial forecasts to ensure effective cost control throughout the project lifecycle. This role requires hands-on experience with Earned Value Management (EVM) and the ability to analyze cost performance, identify risks, and support project management in maintaining financial governance and project margins.

Key Responsibilities:
- Develop detailed project cost estimates and budgets based on scope, BOQs, contracts, and schedules.
- Establish cost breakdown structures (CBS) aligned with Work Breakdown Structures (WBS) and project milestones.
- Create baseline budgets, cost-loaded schedules, and cash flow forecasts.
- Conduct bid-stage cost evaluations and financial feasibility analyses.
- Track actual costs, commitments, and accruals against approved budgets and baselines.
- Monitor cost performance across engineering, procurement, construction, and operations phases.
- Identify cost overruns, underruns, and risk trends; recommend corrective actions.
- Enforce cost control procedures and financial governance throughout the project.
- Maintain clear comparisons between As-Bid, As-Sold, and As-Executed project baselines.
- Analyze differences in scope, pricing assumptions, risk provisions, margins, schedules, and commercial terms between bid and contract-awarded positions.
- Assess impacts of post-award scope clarifications, negotiations, and contractual amendments on cost, schedule, and margins.
- Ensure formal approval and alignment of As-Sold budgets with contractual obligations before execution.
- Integrate As-Sold baselines into Earned Value Management for performance measurement and forecasting.
- Highlight gaps between bid assumptions and actual execution constraints; propose mitigation strategies.
- Support management with lessons-learned processes to improve future bid accuracy and pricing.
- Implement and maintain Earned Value Management systems in accordance with project controls standards.
- Establish and monitor Planned Value (PV), Earned Value (EV), and Actual Cost (AC).
- Analyze and report Cost Variance (CV), Schedule Variance (SV), Cost Performance Index (CPI), and Schedule Performance Index (SPI).
- Prepare Estimate at Completion (EAC) and Estimate to Complete (ETC) using EVM methodologies.
- Monitor Accounts Receivable (A/R), Accounts Payable (A/P), and Work in Progress (WIP).
- Use EVM metrics to forecast project outcomes and identify early warning signals.
- Support project management with recovery plans based on EVM performance indicators.
- Prepare periodic cost and schedule forecasts on a monthly and quarterly basis.
- Perform variance analysis comparing baseline, actuals, and forecasts.
- Develop trend analyses and scenario-based forecasts to aid management decisions.
- Provide clear explanations of deviations and propose mitigation strategies.
- Assess cost and schedule impacts of scope changes, variations, and change orders.
- Support preparation, evaluation, and negotiation of variation orders and claims.
- Maintain detailed cost records for approved, pending, and disputed changes.
- Collaborate closely with project managers, planners, engineers, procurement, and site teams to align cost, schedule, and progress data.
- Support procurement cost tracking, contract administration, and vendor performance evaluation.
- Lead project review meetings and provide cost and EVM insights for executive decision-making.

Required Qualifications:
- Bachelor’s degree in Engineering, Construction Management, or a related discipline.
- PEC registration is mandatory.
- 2 to 3 years of experience in project cost control and project controls roles.
- Proven hands-on experience implementing and reporting Earned Value Management on medium to large-scale projects.
- Experience preparing project budgets, cost estimates, and proposal costing.

Preferred Qualifications and Additional Benefits:
- Professional certifications such as PMP, CCP (AACE), RICS, or EVMS training will be considered an advantage.
- Opportunity to work in a dynamic, in-person environment with a focus on professional growth and project excellence.
- Full-time position offering exposure to complex projects and cross-functional collaboration.

This role requires a proactive individual with strong analytical skills and the ability to communicate complex cost control data effectively to support project success and financial integrity.