Performing, Monitoring and Reviewing Cost Engineering functions, which include Budgeting, Cost estimating, Cost control and Cost analysis as well as Cost reporting under limited supervision.
Applying accepted industry best practice to cost control process.
Reviewing of all Contractors’ and Consultants’ Payment application and making recommendation to the client.
Studying and understanding all relevant project documents relating to the cost management of allocated project(s).
Setting up project/projects within the computerized Cost System to agreed format.
Establishing project control budgets based on the client approved Project Control Estimate.
Assisting in conducting cost impact analysis of any proposed changes to contract scope to enable the client to make an informed decision on whether to proceed with the proposed scope changes.
Endorsing the work change request after the client’s approval for issuance to contractor/consultant to obtain proposed cost and schedule impact for the proposed changes to contract.
Preparing the final confidential sealed cost estimate for formally issued tenders and change requests which are used as the benchmark to evaluate contractor’s prices.
Developing recommendations on acceptable cost increase/decrease and submit for client’s approval.
Reviewing with the Senior Cost Control Manager the impact on the project budget due to an increase or reduction in the work scope.
Reviewing cost commitment and expenditure information (for all cost elements) for input to the computerized cost control and reporting system on a weekly basis.
Producing regular cost reports and advising management of any forecast cost overruns as soon as possible. Maintaining comprehensive accessible registers of financial approvals, variations and change orders.
Establishing Cost Breakdown Structure (CBS) and integrate the same with WBS.
Performing other related duties or assignments as directed by the Project Director.
Reporting earned value per vendor and identifying trends that impact the final cost projections
Monitoring project closeout activities and providing cost inputs to project team in finalizing the contract completion certificate and project closeout report.
Reviewing project man-hours and the allocation of man‐hours in conjunction with planning on a weekly basis.
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