Petrofac is currently looking to recruit a Principal Engineer \xe2\x80\x93 Cost Control to be based in Sharjah, UAE.What we doPetrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world\xe2\x80\x99s leading energy companies.We design, build, manage and maintain infrastructure for the energy industries. Our comprehensive and tailored service offering covers each stage of the project life cycle and a variety of commercial models, giving our clients the flexibility, they need.Primary Duties:\xef\x81\x93 Establish a process of information flow with respect to each expense head, such as Design heads,Equipment/Material procurement, Logistics costs, Mobilization and demobilization ofpersonnel/machineries, sub-contractor\xe2\x80\x99s cost/claims and any other relevant costs like customs, duties,liabilities, insurance etc.\xef\x81\x93 Provide assigned project cost estimates including material, manpower and equipment/material costs, subcontracts,Third party services, and financial cost etcetera.\xef\x81\x93Coordinate with the project engineers to clarify any query/discrepancies.\xef\x81\x93 Arrive at \xe2\x80\x98Estimate to Complete\xe2\x80\x99 (ETC) cost for the remaining works. Co-ordinate with different disciplinesto get ETC cost.\xef\x81\x93 Prepare reports on a periodic basis on the status of the costs incurred and the variations of the budgetedv/s actual in consultation with supervisor/Project Manager.\xef\x81\x93 Monitor costs and generate variance reports as and when required and forward to the Supervisor/ProjectManager for his perusal.\xef\x81\x93 Carry out assessment of potential variations/claims from sub-contractors/vendors.\xef\x81\x93 Participate in project review meetings, if required and provide any cost related data as and when required.\xef\x81\x93 Interface and provide clarification to the project engineers and Accounts.\xef\x81\x93 Propose new suggestion if any and keep improving/updating the process of effective cost control.\xef\x81\x93 Develop historical Cost database of a project for future reference.\xef\x81\x93 Provide training and guidance to new/junior Cost Control personnel.Minimum Requirements:Engineering Degree with minimum of 15 years working experience out of which minimum five years in theCost Control function of EPC medium projects, preferably last 2 years in Cost Control function in Oil & Gasfield.Additional Information

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