Principal Engineer

Establish a process of information flow with respect to each expense head, such as Design heads, Equipment/Material procurement, Logistics costs, Mobilization and demobilization of personnel/machineries, sub-contractor’s cost/claims and any other relevant costs like customs, duties, Liabilities, Insurance, etc.

Provide assigned project cost estimates including material, manpower and equipment/material costs, subcontracts, Third party services, and financial cost, etc.

Coordinate with the project engineers to clarify any query/discrepancies.

Arrive at ‘Estimate to Complete’ (ETC) cost for the remaining works. Co-ordinate with different disciplines to get ETC cost.

Prepare reports on a periodic basis on the status of the costs incurred and the variations of the budgeted vs actual in consultation with supervisor/Project Manager.

Monitor costs and generate variance reports as and when required and forward to the Supervisor/Project Manager for his perusal.

Carry out assessment of potential variations/claims from sub-contractors/vendors.

Participate in project review meetings, if required, and provide any cost related data as and when required.

Interface and provide clarification to the project engineers and Accounts.

Propose new suggestions if any and keep improving/updating the process of effective cost control.

Develop historical Cost database of a project for future reference.

Provide training and guidance to new/junior Cost Control personnel.

Engineering Degree with a minimum of 15 years working experience, out of which a minimum of five years in the Cost Control function of EPC medium projects, preferably the last 2 years in Cost Control function in Oil & Gas.

• Technical Leadership:

  • Lead and mentor engineering teams, providing guidance on complex technical issues and ensuring high standards of engineering practice.
  • Take ownership of major engineering projects and initiatives, including the development of new technologies, processes, or products.
  • Set technical direction and standards for the engineering team, ensuring consistency and alignment with the company’s strategic goals.

• Project Oversight and Management:

  • Manage large, multidisciplinary engineering projects, including budgeting, resource allocation, scheduling, and risk management.
  • Coordinate the efforts of cross-functional teams, such as design, development, testing, and production, to ensure that projects meet timelines, budgets, and technical specifications.
  • Ensure that engineering projects comply with relevant standards, codes, and regulations.

• Problem-Solving and Innovation:

  • Lead efforts to identify and solve complex engineering problems, often requiring innovative and out-of-the-box thinking.
  • Research, design, and implement new engineering solutions or improvements to existing systems or products.
  • Drive continuous improvement efforts within the engineering team, applying new technologies, methodologies, or tools to enhance project efficiency and outcomes.

• Collaboration and Communication:

  • Work closely with senior management, other departments, and external stakeholders (e.g., clients, vendors, regulatory bodies) to ensure alignment and successful project delivery.
  • Communicate technical information clearly and effectively to non-technical stakeholders, ensuring that all parties understand project objectives, progress, and challenges.
  • Serve as the technical point of contact for stakeholders, answering questions, addressing concerns, and providing expert advice.

• Quality Assurance and Risk Management:

  • Implement quality control processes to ensure that engineering designs, products, and systems meet industry standards and client expectations.
  • Perform risk assessments to identify potential technical risks and implement mitigation strategies to address these risks.
  • Review and approve engineering designs, plans, and deliverables to ensure they meet all required specifications and safety standards.