APM Terminals

LOCATION: Chattogram, Bangladesh (Project-Based Assignment)This role is site-based and required for the full duration of the Laldia Container Terminal project timeline.

Project Cost Engineer Business Unit:

APM Terminals Laldia:

Reports to: Project Controls Lead

Geographic Scope:

Chattogram, Bangladesh

About APM Terminals (APMT)

APM Terminals is a global port and terminal operator and part of A.P. Moller–Maersk. APM Terminals develops and operates world-class port infrastructure across major trade routes, with strong emphasis on project execution excellence, governance, and value creation.

About Laldia Container Terminal (LCT)

Laldia Container Terminal is a greenfield, standalone container terminal development in Chattogram, Bangladesh. The project is delivered under international standards and requires strong cost discipline and project controls.

Purpose of the Role

The Project Cost Engineer leads the cost discipline for the development and construction of the Laldia Container Terminal, ensuring delivery within the authorised budget while maximising value and maintaining scope, quality, and schedule.

The role bridges technical engineering delivery and financial management to prevent cost overruns, manage risks, and support informed decision-making through disciplined cost control and forecasting.

Principal Accountabilities & Responsibilities

• Manage and maintain cost control and forecasting for the capital project.
• Own and update the project budget and status versus budget in accordance with the Work Breakdown Structure (WBS) as aligned with the project Cost Breakdown Structure (CBS).
• Ensure the basis of the Estimate at Completion (EAC) is derived using industry-recognized approaches to ensure accurate and consistent forecasting.
• Develop and maintain accurate forecasts for Estimate to Complete (ETC) and Value of Work Done (VOWD).
• Evaluate resource requirements, commitment data, productivity, and cost variance reports to support Earned Value Management (EVM).
• Produce monthly Cost Reports and Project Progress Summary reports for management.
• Assist the Project Controls Lead in driving the change management process, including quantifying budget/scope changes / impacts and updating cost baselines and budgets.
• Manage the allocation and drawdown and up of project Contingency and Allowances form/to Scope Budget.
• Oversee the administration of contract agreements relating to accruals, commitments and payments and close out cost management aspects upon contract completion.
• Drive the identification, assessment, and quantification of project risks, overseeing the allocation and drawdown of contingencies to pro-actively manage or respond to risks.
• Develop and manage the overall project Cash Flow From Investment (CFFI) and payment schedules.
• Prepare accrual sheets for accounting.
• Develop ROFO (Rolling Forecast) and support on IFU (Investment Follow-up) processes provided a Time-Phased Value of Work Done forecast
• Review and control bank guarantees and insurance policies related to project contracts in so far as they could affect the correct forecast of cost.
• Review supplier invoices to ensure proper approvals and financial validity before execution of payment.
• Take ownership of documenting all Purchase Orders related to the Project and properly assess budget availability when booked in IFS prior to starting the approval process.

Reporting & Scope

The role operates within the Project Controls team and works closely with Package Managers and Finance teams. Direct reporting is to the Project Controls Lead, with functional reporting to the APMT BIM PMO.

Experience, Skills & Qualifications

• Minimum of 15 years of overall experience on similar role, with at least 7 years of experience in infrastructure, marine terminal, or industrial construction projects.
• Experience in preparing the cost-control system and procedures of control.
• Track record in managing the full project lifecycle from conceptual estimation through contract close-out.
• Experience working with Finance departments to align Value of Work Done (VOWD) with corporate financial reporting.
• Experience in reconciliation of the cost estimate of the latest previous estimate against the current estimate with narrative indicating the factors of cost variances.
• Hands-on experience implementing Earned Value Management (EVM) and maintaining Cost Breakdown Structures (CBS).
• Experience in change management, claims assessment and litigations.
• Interpersonal negotiation to deal with pricing differences with vendors.
• Experience working with FIDIC Yellow Book and lumpsum contracts is a plus. Ability to raise Early Warning whenever cost deviation or overrun is probable, and to identify its source.

Education

Bachelor’s degree in Engineering (Civil, Mechanical, Industrial, or similar) is required.

Professional certifications such as Certified Cost Professional (CCP) and/or RICS are strongly preferred.

Career Opportunities

Opportunities for similar or senior Project Cost Engineering roles across other APM Terminals projects globally.

Maersk is committed to a diverse and inclusive workplace, and we embrace different styles of thinking. Maersk is an equal opportunities employer and welcomes applicants without regard to race, colour, gender, sex, age, religion, creed, national origin, ancestry, citizenship, marital status, sexual orientation, physical or mental disability, medical condition, pregnancy or parental leave, veteran status, gender identity, genetic information, or any other characteristic protected by applicable law. We will consider qualified applicants with criminal histories in a manner consistent with all legal requirements.

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