Senior Cost Engineer

Prime Infrastructure Capital, Inc.

Job Location:

Pakil - Philippines

Monthly Salary: Not Disclosed

Posted on: 9 hours ago

Vacancies: 1 Vacancy

Job Summary

JOB OVERVIEW

Prime Infra is seeking two experienced Senior Cost Engineers to join our site-based Project Controls teams supporting major infrastructure projects. The role is responsible for managing project cost engineering and cost control activities ensuring accurate cost monitoring forecasting analysis and reporting throughout the project lifecycle.

Working closely with Project Controls Commercial & Contracts Finance Procurement Engineering Construction the Owners Engineer and EPC Contractors the Senior Cost Engineer provides cost assurance reviews contractor cost submissions monitors project performance manages cost risks and changes supports claims evaluation and delivers reliable cost information to enable informed project decisions.

KEY RESPONSIBILITIES

Cost Management

Maintain the cost engineering and cost control function for the assigned project.
Maintain the approved project budget and Cost Breakdown Structure (CBS).
Monitor commitments actual costs accruals and forecast expenditure.
Ensure project cost information remains accurate complete and current.
Develop and maintain project cost reporting systems.
Coordinate cost information from Engineering Procurement Construction Commercial Contracts and Finance teams.
Ensure all project cost reporting complies with project procedures and reporting requirements.

Cost Monitoring Analysis and Reporting

Monitor project expenditure against approved budgets.
Analyse cost performance including:

Budget versus Actual Cost
Budget versus Forecast
Current Forecast versus Previous Forecast
Commitments versus Budget
Accruals versus Actual Expenditure

Identify cost trends and emerging financial issues.
Investigate cost variances and validate findings with responsible stakeholders.
Identify the root causes of cost movements.
Recommend practical corrective actions to improve project cost performance.
Prepare accurate weekly and monthly cost reports.

Forecasting and Estimate at Completion

Prepare and maintain Estimate to Complete (ETC).
Prepare and maintain Estimate at Completion (EAC).
Develop reliable project cash-flow forecasts.
Forecast final project costs based on actual performance commitments approved changes procurement status and construction progress.
Continuously review forecast accuracy.
Monitor forecast movement between reporting periods.
Support funding requirement projections.
Advise the Project Controls Manager of potential cost overruns before they occur.

Progress and Planning Integration

Coordinate closely with Planning Engineers to ensure physical progress aligns with project cost reporting.
Validate reported progress against actual work completed.
Support Earned Value Management where implemented.
Analyse productivity trends affecting project cost.
Assess the financial impact of schedule delays acceleration and recovery activities.
Ensure planning updates are reflected within project cost forecasts.

Change Management and Commercial Cost Control

Monitor approved and pending change orders.
Assess the financial implications of project variations.
Maintain project change registers relating to cost.
Monitor contingency utilisation.
Identify potential commercial exposure.
Support Commercial and Contracts teams during cost evaluations.
Assist with value engineering and cost optimisation initiatives.

Cost Risk Management

Identify project cost risks and opportunities.
Maintain project cost risk registers.
Assess financial exposure associated with technical procurement construction and commercial risks.
Monitor contingency requirements.
Ensure approved mitigation measures are reflected within project forecasts.
Escalate emerging financial risks to the Project Controls Manager.
Support project risk workshops where required.

Contractor and Owners Engineer Interface

Act as the primary project cost engineering interface with the EPC Contractor and Owners Engineer.
Review contractor cost reports and supporting documentation.
Validate contractor forecasts against physical progress and procurement status.
Participate in monthly cost review meetings.
Resolve discrepancies in reported project costs.
Challenge unsupported contractor assumptions and cost forecasts.
Ensure contractor reporting satisfies contractual requirements.

Claims Support

Support the evaluation of contractor claims.
Assess the financial implications of delays variations and change orders.
Maintain records of submitted and approved commercial changes.
Provide cost analyses supporting commercial assessments.
Assist Contracts and Commercial teams during negotiations.
Maintain accurate records supporting claim evaluations.

Project Reporting

Prepare project cost reports and dashboards.
Report on:
Budget Performance
Actual Costs
Commitments
Accruals
Forecast Final Cost
Estimate to Complete
Estimate at Completion
Cash Flow
Cost Variances
Contingency Utilisation
Cost Risks
Commercial Exposure
Key Management Actions
Present project cost performance during project review meetings.
Provide clear explanations of cost trends and forecast changes.
Escalate significant financial concerns promptly.
Support the Project Controls Manager Project Manager and Project Director with reliable cost information.

Requirements

Bachelors Degree in Engineering Quantity Surveying Construction Management Commerce Finance or another relevant discipline.
Formal Project Management or Project Controls qualification.
Project Management Professional (PMP) will be advantageous.
AACE Certified Cost Professional (CCP) Certified Cost Technician (CCT) or equivalent cost engineering qualification will be highly regarded.
Minimum 1015 years experience in Cost Engineering Cost Control or Project Controls on major capital projects.
Proven experience preparing EAC ETC and cash-flow forecasts.
Strong understanding of budgeting forecasting commitments and accruals.
Demonstrated experience reviewing contractor cost reports.
Practical experience integrating cost with planning and scheduling.
Strong analytical and commercial skills.
Advanced Microsoft Excel capability.
Excellent communication and stakeholder management skills.

Highly desirable experience includes:

Hydropower or Pumped Storage Hydropower projects.
Major dams tunnelling or underground construction.
Large infrastructure projects.
EPC EPCM Owners Engineer or Owners Team environments.
Earned Value Management.
Cost Risk Analysis.
SAP EcoSys PRISM Cleopatra or equivalent cost management systems.
Power BI reporting.
AACE Recommended Practices.

Required Skills:

QUALIFICATIONS Bachelors Degree in Electrical Engineering or Mechanical Engineering; PRC license is preferred. Minimum of 10-15 years of engineering experience in electrical and/or mechanical works for hydropower plants pumped storage projects power plants or large-scale infrastructure projects. Hands-on experience with E&M systems such as turbines generators pumps transformers switchgear protection systems auxiliary systems or balance-of-plant equipment. Familiarity with applicable codes and standards (IEC IEEE NEC ASME ISO OEM standards and local regulations). Proficient in Microsoft Office AutoCAD and basic project tracking tools (e.g. MS Project or Primavera). Strong understanding of installation testing and commissioning processes for E&M equipment. Willingness to work 100% onsite with flexibility to be assigned in either Rizal or Laguna project locations. Strong coordination documentation and communication skills. Proactive detail-oriented and committed to safety quality and project delivery.

JOB OVERVIEWPrime Infra is seeking two experienced Senior Cost Engineers to join our site-based Project Controls teams supporting major infrastructure projects. The role is responsible for managing project cost engineering and cost control activities ensuring accurate cost monitoring forecasting ana...