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Job Description
- Monitoring and overseeing the Management of project costs
- Keeping costs within the original contract sum and any agreed additional sums.
- Managing change requests based on processes and maintaining control to reduce the financial effects of changes.
- Adopt Adequate Method(s) to measure Completed Works & Progress reflected on the Cost Loaded Schedule.
- Participating in Performance Measurement Analysis & Forecasting of Variance (Magnitude, Causes, Corrective Actions, Cost Recovery Recommendations, etc.).
- Participating in Cost Baseline Updates (Benchmarks against Actual Costs, Project Financial Status, etc.).
- Participating in Monthly Cost, Budget Reports, Variation Orders, Claims Reports, and Cash Flow & Trend Reports.
- Assess the cost-effectiveness of products track actual costs relative to budget and report status regularly to ensure costs are in line with forecasts.
- Investigate and identify cost reduction opportunities through a cost analysis review.
- Establish cost estimates of processes and tooling costs and review alternatives or put forward recommendations for improvement.
- Commercial studies for new contracts and variation orders.
Job Requirements
- A bachelor’s degree in civil engineering or architecture is required.
- 2 to 5 years of experience in contracts and cost management within the construction industry or related field.
- Strong knowledge of contract law, terms, and conditions.
- Proven experience in cost reporting and Quantity surveying.
- Excellent analytical and problem-solving skills, with meticulous attention to detail.
- Strong organizational and time management abilities, with the ability to prioritize and handle multiple tasks simultaneously.
- Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams.
- Ability to work independently and make sound decisions in a fast-paced environment.
- High level of integrity and ethics in handling sensitive and confidential information.
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