Budgeting and Cost Estimation

• Assist in the preparation of the project’s initial cost estimates and overall project budget.
• Review and validate construction cost estimates provided by contractors, subcontractors, and suppliers.
• Ensure that all estimates are aligned with scope and project specifications.

Cost Monitoring and Control

• Track and monitor project expenditures, including labor, materials, equipment, and subcontractor costs.
• Conduct regular cost variance analysis, identifying discrepancies between actual costs and budgeted costs.
• Ensure that change orders, contract amendments, and cost adjustments are accurately documented and incorporated into the project’s cost control system.

Cost Reporting and Documentation

• Prepare monthly cost reports for project management and stakeholders, summarizing cost performance, forecasts, and trends.
• Provide detailed analysis of cost deviations, including root cause analysis and recommendations for corrective actions.
• Maintain and update project cost forecasting, including cash flow projections and resource allocation.

Risk Management

• Identify potential financial risks that could impact project budgets or timelines and propose mitigation strategies.
• Participate in risk assessments and support the development of risk management plans from a financial perspective.

Contract Administration

• Review and monitor contracts, change orders, and purchase orders to ensure proper cost allocation and financial compliance.
• Assist in resolving disputes related to cost issues with contractors and subcontractors.