Cost Engineer

1 Month ago • 10 Years + • Software Development & Engineering

Job Summary

Job Description

AECOM is seeking a detail-oriented and analytical Cost Engineer for their team in Riyadh, Saudi Arabia. This role is crucial for managing project costs, preparing estimates, and ensuring financial efficiency in construction and engineering projects. The Cost Engineer will develop and maintain accurate cost estimates, analyze project costs to identify overruns and propose savings, and prepare/review change orders. Responsibilities include collaborating with project managers, engineers, and contractors for cost-effective execution, monitoring budgets, tracking costs, conducting cost-benefit analyses, and preparing detailed cost reports for stakeholders. The role also involves assisting in budget development, financial forecasting, and identifying/mitigating financial risks. Continuous improvement of cost estimation and control processes is also a key aspect of this position.
Must have:
  • Bachelor's degree in Engineering or Construction Management
  • Minimum 10 years of experience in cost engineering
  • Proficiency in cost estimation software
  • Strong mathematical and analytical skills
  • Knowledge of construction methods and materials
  • Excellent communication and interpersonal skills
Good to have:
  • Experience in engineering contract document review
  • Familiarity with project management principles
  • Experience with value engineering
  • Familiarity with local Saudi Arabian construction regulations
  • Professional certification (e.g., CCP)
Perks:
  • Medical benefits
  • Dental benefits
  • Vision benefits
  • Life insurance
  • AD&D insurance
  • Disability benefits
  • Paid time off
  • Leaves of absence
  • Voluntary benefits
  • Flexible work options
  • Well-being resources
  • Employee assistance program
  • Business travel insurance
  • Service recognition awards
  • Retirement savings plan
  • Employee stock purchase plan

Job Details

Company Description

Work with Us. Change the World.

At AECOM, we're delivering a better world. Whether improving your commute, keeping the lights on, providing access to clean water, or transforming skylines, our work helps people and communities thrive. We are the world's trusted infrastructure consulting firm, partnering with clients to solve the world’s most complex challenges and build legacies for future generations.

There has never been a better time to be at AECOM. With accelerating infrastructure investment worldwide, our services are in great demand. We invite you to bring your bold ideas and big dreams and become part of a global team of over 50,000 planners, designers, engineers, scientists, digital innovators, program and construction managers and other professionals delivering projects that create a positive and tangible impact around the world.

We're one global team driven by our common purpose to deliver a better world. Join us.

Job Description

We are seeking a detail-oriented and analytical Cost Engineer to join our team in Riyadh, Saudi Arabia. As a key member of our organization, you will play a crucial role in managing project costs, preparing estimates, and ensuring financial efficiency across our construction and engineering initiatives.

  • Develop and maintain accurate cost estimates for construction and engineering projects
  • Analyze project costs, identify potential cost overruns, and propose cost-saving measures
  • Prepare and review change orders, evaluating their financial impact on projects
  • Collaborate with project managers, engineers, and contractors to ensure cost-effective project execution
  • Monitor project budgets and track actual costs against estimates
  • Conduct cost-benefit analyses for various project alternatives
  • Prepare detailed cost reports and presentations for management and stakeholders
  • Assist in the development of project budgets and financial forecasts
  • Identify and mitigate financial risks throughout the project lifecycle
  • Contribute to the continuous improvement of cost estimation and control processes

Qualifications

  • Bachelor's degree in Engineering, Construction Management, or a related field
  • Minimum of 10 years of experience in cost engineering or a similar role
  • Proven experience in engineering contract document review and processing change orders
  • Proficiency in cost estimation software and Microsoft Office Suite
  • Strong mathematical and analytical skills with attention to detail
  • In-depth knowledge of construction methods, materials, and industry standards
  • Familiarity with project management principles and practices
  • Excellent communication and interpersonal skills
  • Ability to work collaboratively in a team environment
  • Strong organizational skills and ability to manage multiple projects simultaneously
  • Experience with value engineering and cost optimization techniques
  • Familiarity with local construction regulations and standards in Saudi Arabia (preferred)
  • Professional certification such as Certified Cost Professional (CCP) or similar (preferred)

Additional Information

About AECOM 

AECOM is proud to offer comprehensive benefits to meet the diverse needs of our employees. Depending on your employment status, AECOM benefits may include medical, dental, vision, life, AD&D, disability benefits, paid time off, leaves of absences, voluntary benefits, perks, flexible work options, well-being resources, employee assistance program, business travel insurance, service recognition awards, retirement savings plan, and employee stock purchase plan. 

AECOM is the global infrastructure leader, committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities, we solve our clients’ complex challenges in water, environment, energy, transportation and buildings. Our teams partner with public- and private-sector clients to create innovative, sustainable and resilient solutions throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2024. Learn more at aecom.com. 

What makes AECOM a great place to work 

You will be part of a global team that champions your growth and career ambitions. Work on groundbreaking projects - both in your local community and on a global scale - that are transforming our industry and shaping the future. With cutting-edge technology and a network of experts, you’ll have the resources to make a real impact. Our award-winning training and development programs are designed to expand your technical expertise and leadership skills, helping you build the career you’ve always envisioned. Here, you’ll find a welcoming workplace built on respect, collaboration and community - where you have the freedom to grow in a world of opportunity. 

As an Equal Opportunity Employer, we believe in your potential and are here to help you achieve it. All your information will be kept confidential according to EEO guidelines. 

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About The Company

AECOM is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from advisory, planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical and digital expertise, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $14.4 billion in fiscal year 2023. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.


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