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Job Description
- Develop and manage comprehensive cost plans in collaboration with project stakeholders and consultants
- Track and report costs against approved budgets, including committed, incurred, and forecast costs
- Prepare detailed job cost reports, highlighting variances, earned value, and month-to-month movements
- Validate and verify all commercial and financial performance aspects of projects
- Ensure timely and accurate final accounting, including claims and outstanding payments
- Oversee the preparation of pricing schedules or Bills of Quantities for RFPs and post-contract documents
- Provide expert cost consultancy services and manage all aspects of contract administration
- Generate regular cost reports, including updated cash flow forecasts and payment reconciliations
- Conduct cost estimates and comparisons for alternative design or construction solutions
- Review and recommend variation payments, verifying payment applications from consultants and contractors
- Prepare recommendation reports on claims, assisting in negotiations and settlements
- Maintain project retention, insurance, and bond register status reports
- Submit comprehensive monthly reports detailing project status, cost control measures, and financial performance
- Ensure accurate and timely documentation of all cost management activities
Job Requirements
- Bachelor's degree in Engineering, or a related field
- Minimum of 15 years of experience in cost management, preferably in large-scale hotel projects
- Strong knowledge of cost control principles, budgeting, and financial analysis
- Proficiency in cost management software and tools
- Excellent analytical and problem-solving skills with a keen eye for detail
- Outstanding communication skills, both written and verbal
- Proven ability to work collaboratively with multiple stakeholders
- Strong organizational and time management skills
- In-depth understanding of contract administration and change management procedures
- Experience in risk management related to project costs
- Familiarity with the rail and transportation industry is a plus
- Professional certification in cost management or project management (e.g., CCP, PMP) is preferred
- Demonstrated ability to maintain high standards of professional ethics and integrity
- Proactive approach to identifying and resolving cost-related issues
- Flexibility to adapt to changing project requirements and deadlines
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