Cost Engineer at Onstream Group


Onstream Group – With over 35 years of international experience within the Oil & Gas Industry and Industrial markets, The Onstream Group has strategically aligned itself with its business partners & affiliates to provide cost-effective and operational efficient solutions.

We are recruiting to fill the position below:

Job Title: Cost Engineer

Location
: Rivers

The Job
  • The successful candidate would provide Company with total cost management services including preparation of cost work breakdown structure, cost estimating, contract cost management and cost control support to aid management make informed decisions at various value assurance gates, minimize successful contractual claims, achieve value for money, contribute to company’s good corporate image, meet contract objectives and ultimately contribute to achievement of Cost Leadership in the management of Maintenance Services Contracts (MSC).
The duties will include, but are not limited to the following:
  • Evaluate different contract proposals and establish optimum cost and challenge contractors work execution proposals as may be necessary and provide details of cost, quantities and work hours for cost benchmarking to achieve value for money and Cost Leadership for the Maintenance Service Contracts. Develop and maintain up-to-date cost database for the preparation of accurate cost estimates for MSC budget planning, project screening and investment decisions to achieve value for money and Cost Leadership for the Maintenance Service Contracts.
  • Develop and agree valuation schedules and implement valuation of project work done, prepare variation accounts and timely/quality payment certificates and final accounts for the MSC to achieve effective contract cost management and budget performance.
  • Produce timely and quality cost estimates/Bills of Quantities/MTOs for MSC planning, contract screening and investment decisions in line with Departmental Key Performance Indicators (KPIs) to achieve value for money and Cost Leadership.
  • Develop Schedules of Rates, Work Breakdown Structure (WBS) and Cost Time Resources, Bills of Quantities and Materials Take –Off (MTO) for identified maintenance work orders in order to achieve a standard, uniform and consistent value of work done (VoWD) cost template to facilitate effective and common basis for job pricing by vendors, ensure efficient, transparent and auditable work completion certificates  analysis and support effective post contract management of the maintenance services contracts.
  • Develop contract cost performance, productivity, efficiency and effectiveness analysis models and reports for to aid management’s decision to award call-off contracts and ultimately achieve value for money
  • Contribute to maintenance change management process by analysing trends and potential change impact on maintenance cost, assessing, negotiating and agreeing valuation of variations (change orders) with contractors and advise maintenance leaders in respect of raising financial commitments and obtaining authorities for variations to achieve proper project cost control and value for money.
  • Maintain a database of all current PM contracts, including current site estimates, original, current and forecast final status in respect of cost and progress to ensure consistency, integrity, quick retrieval of cost information to keep cost within approved budget.
Job Requirements
  • A University degree in Financial Management or Quantity Surveying, Membership of any relevant professional body will be an added advantage or A University degree in Engineering.
  • Minimum of 3-5 years’ post-graduation experience, 2 of which should have been in project or maintenance cost management in an oil or gas industry.
Application Closing Date
Not Specified.

How to Apply

Interested and qualified candidates should:
Click here to apply online
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