Head of Cost Control
3 days ago
Posted date3 days ago
EngineeringJob category
EngineeringWe are looking for a Head of Cost Control for one of our clients with the following details:
Start Date: ASAP
Contract Duration: 36 Months
Location: Qatar Onshore
Qualifications & Experience Required
- Bachelor's degree in Business, Accounting, Commercial, Marketing, Sciences, Engineering, Project Management, Supply Chain Management, Law, Communication, Technologies, Mathematics or Statistics.
- 10 years experience in business related function or discipline, including 6 years in the Oil & Gas Industry, and including 2 years experience in a supervisory or acting role, or oversight of contractor/subcontractor's/ service/vendor personnel.
- Experience with Oil & Gas Companies, EPC contractors, subcontractors', vendors, or service companies involved in the oil and gas industry.
- Strong knowledge in project business related function/discipline such as planning, scheduling, cost control, estimating, claim management, risk management, change management, procurement, pre- and post-award contract management, actionable and informative reporting, support services, lessons learned, etc.
- Experience managing business functions/discipline.
- Extensive knowledge in international standards, best practices and methodologies as it relates to business disciplines.
- SME level competence in candidate's specific business discipline.
- Knowledge of relevant business processes/procedures.
- Experience with risk assessment approach in decision making.
- Strong knowledge of relevant software and computer skills, e.g., dashboards, data analytics, SAP
- Experience working in large scale operating organizations in Operations, Projects, Subsurface
Activities:
- Develop and maintain a set of Project Cost Control procedures, guidelines and flow charts to meet project requirements along with a standard cost reporting process across all project EPC Contracts.
- Ensure cost data integrity across all EPC Contracts and make sure cost information is accurately compiled and reported to Project Management to provide visibility on overall project cost status and performance.
- Direct project team and provide guidance and expertise to Project Cost Engineers assigned to each one of the EPCs and ensure common understanding and standardized practice of cost control processes in terms of Value Of Work Done (VOWD) reporting, forecast updates, contractors' change orders, trend and contingency management and expenditures allocation.
- Develop a unified cost allocation mechanism across project EPCs to allow accurate cost sharing of common expenses mainly Operation and owner's cost.
- Support the Business Manager and lead the financial input into Funding Packages submittals, e.g. Advance Commitments (ACs), Full Funding (FF) and Supplementary Funding wherever required, to ensure that all necessary funding is provided.
- Development of Forecast cost estimates and preparation of annual Work Program and Budget (WP&B) taking full consideration of project scope, progress achieved and pending to complete scope.
- Develop and maintain Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for the overall NFXP Onshore project consistent with project scope and reporting structures requirements across project EPCs.
- Facilitates the monitoring of FEED and EPC contractors and project's cost performance comparing to agreed control plans and recommends corrective plans as required during project execution with the appropriate PMT personnel.
- Advise Head Project Controls and NFXP Project Leadership Team of any potential cost issues, provide guidance on corrective action and measures to mitigate any adverse trends. In conjunction with Head Project Controls develop and implement corrective actions and recovery plans ensuring these are implemented in a timely manner.
- Provide support for EPC tenders technical evaluations during Pre-EPC phase by developing Tender Evaluation Plans, facilitating and coordinating the technical evaluation process, developing Technical Bid Evaluation reports and getting required approvals from project management and NFPS committees.
If interested, kindly apply!

JOB SUMMARY
Head of Cost Control