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Reynaldo Jr Banico

Sr. Cost Control Engineer

RAQ CONTRACTING, LLC

Location:
United Arab Emirates - Dubai
Education:
Bachelor's degree, Civil Engineering
Experience:
17 years, 6 months

Work Experience

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List all relevant responsibilities, skills, projects, and achievements against each role.  If you're a fresh grad, you can add any volunteer work or any internship you've done before.
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Total Years of Experience:  17 Years, 6 Months   

December 2019 To Present

Sr. Cost Control Engineer

at RAQ CONTRACTING, LLC
Location : United Arab Emirates - Dubai
Projects:
EXPO 2020 Pavilions
Italy Pavilion AED73, 000, 000
Malaysia Pavilion AED 26, 000, 000
Philippines Pavilion AED25, 000, 000
Poland Pavilion AED 24, 000, 000

• Review all MR’s and LPO’s for further verification in all terms, to make sure that the same is processed as per policy; this includes the review and verification of the criteria used to select certain supplier (Comparison Sheet). Also includes the approval of each LPO prior to the signature of Operations Manager and Managing Director.
• Monitor all projects related costs and expenditures and to make sure all services and materials are obtained at the best cost possible and ensure that all purchases are within the approved budget and issue variance reports on monthly basis.
• Prepare BCWP, ACWP and Cost to Complete in coordination with Project Director’s and Site Team.
• Prepare Cost Overrun Approvals with site justifications and preventive/corrective recommendations.
• Follow cost control procedures and code of accounts using ERP System (Right ERP & Horizon EBS)
• Coordinate with Finance department on posting actual cost and issues related to asset register. Controls of assets/material transfer from/to project site.
• Coordinate with project team for the reconciliation between the pre and post contract documents.
• Prepare and present the Monthly Cost Reports during Cost Control Meeting with Project Control Manager, Project Director, Commercial Manager, Operations Manager and Managing Director.
• Maintain, monitor and control project budgets, through Project Controls system, and issue variance reports on monthly basis
January 2019 To November 2019

Sr. Cost Control Engineer

at Global Green Bridge Contracting, LLC
Location : United Arab Emirates - Dubai
Projects:
(B+G+4) Retail & Labour Accom.
Jebel Ali Industrial First, Dubai, UAE
AED 65, 000, 000

(2B+G+8 Typ.+Roof) Mix Use Bldg
Al Furjan, Dubai, UAE
AED 33, 750, 000

(B+G+7) Hotel Dev’t.
Al Furjan, Dubai, UAE
AED 29, 485, 000

(G+1P+5) Res. & Comm. Bldg.
Al Barsha South Fifth, Dubai, UAE
AED 34, 500, 000
May 2015 To January 2019

Sr. Cost Control Engineer

at Al Tatweer Contracting & Belhasa Projects, LLC
Location : United Arab Emirates - Dubai
Projects:
(B+G+2P+14)Res. Bldg.
Healthcare City, Dubai, UAE
AED 104, 500, 000

(2B+G+12) 2 Typ. Bldg.
Wadi Al Safa, Dubai, UAE
AED 105, 000, 000

(2B+G+1+Terrace) Hospital Bldg
Umm Al Sheif, Dubai, UAE
AED 73, 800, 000

(B+G+13+Gym) Hotel Bldg.
Al Barsha, Dubai, UAE
AED 43, 000, 000

(G+1) 36 Villa
Um Al Quwain
AED 32, 000, 000
February 2012 To December 2014

Project Quantity Surveyor

at AL JABER ENERGY SERVICES, LLC
Location : United Arab Emirates - Abu Dhabi
Projects:
Ruwais Refinery Expansion - (TAKREER)
South Korea Eng’g & Construction-Civil & Bldg. Project
Al Ruwais, Abu Dhabi, UAE
USD 128, 887, 476 + USD 5, 756, 000 (Variation Order)

Ruwais Sulfur Handling Terminal Project - (GASCO)
Al Jaber Energy Services-TECHINT Consortium
Al Ruwais, Abu Dhabi, UAE
USD 606, 766, 353 (AED 2.23 Billion)

Duties:
• Prepare Interim/Monthly Payment Application based on actual site accomplishments and expedite issuance of Payment Certificates and Close out of Final Accounts.
• Prepare, assessed and agree Variation/Change Order with Engineer & Clients.
• Responding value engineering/proposed negative variations of the Engineer by ensuring it is within the Contract.
• Liaise regularly with Client’s Commercial Representative; understand their commercial requirements and processes within the Terms of Contract in coordination with Project Manager & Commercial Manager.
• Analyze and understand the terms and Condition of the Main Contract and Subcontracts. Ensure senior project staff’s have basic understanding of content and obligations.
• Evaluate and approve supplier/subcontractor invoices as per Contract Agreement and prepare Payment Certificate to be signed by Project Control, Contracts and Project Manager.
• Prepare and submit weekly report with regards to status of progress accomplishment, in terms of detailed quantity take-off, progress billing report and for cash flow.
• Maintain and update tracking log’s regularly (Interim Payment, VO’s, SC/Supplier PC, Bonds & Insurances, etc.)
• Attend regular progress meeting with Subcontractor’s/Suppliers and action any commercial issues that may rise
• Prepared detailed data/report on Project commercial issues or disputes for Commercial and Project Manager with recommendations for review and resolution.
• Facilitate accurate and timely quantity take off’s and any Bill of Quantity required for inquiries, subcontracts value engineering or the like.
• Coordinate with other Departments such as Planning, Procurement, Engineering, Administration and QHSE to ensure satisfactory commercial support.
August 2009 To December 2011

Project Quantity Surveyor / Cost Control Engineer

at KELE CONTRACTING, LLC
Location : United Arab Emirates - Dubai
Projects:
Hydra Tower
6B+G+P3+M+35 Floors
Business Bay, Dubai, UAE
AED 302, 000, 000

D1 Residential Tower
3B+G+80 Floors
Culture Village, Al Jaddaf, Dubai, UAE
AED 758, 000, 000

Education

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Let employers know more about your education; remember, be clear and concise.
March 2005

Bachelor's degree, Civil Engineering

at Western Institute of Technology
Location : Iloilo City, Philippines
One of the Most Outstanding Student Gov’t Officers
Speaker of the House, WIT Student Gov’t
Civil Eng’g Representative, WIT Student Gov’t

Specialties & Skills

Preparation

Proficient in Primavera P6 , AutoCAD, Microsoft Excel & Word, PowerPoint, Adobe Professional

• Conversant in FIDIC, CESMM3 and POMI

Memberships

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Your professional memberships provide an informative signal about your career aspirations, so add them!
Organization : Philippine Institute of Certified Quantity Surveyor - UAE Chapter
Membership/Role : Techinal Member
Member since : February 2014
Organization : Overseas Filipino Civil Engineers Association (OFCEA)
Membership/Role : Civil Engineer
Member since : January 2015

Training and Certifications

P3T (Comprised with RICS Guidance Notes) ( Training )

Philippine Institute of Quantity Surveyors
March 2014

CONSTRUCTION, ESTIMATING & VALUATIONS ( Training )

CANDY Software-CCS
June 2019

VAT AWARENESS WORKSHOP ( Training )

FIRST ONE Accounting & Book Keeping
March 2018

PRIMAVERA P6 ADVANCE ( Training )

OHSEC PINOY Group
March 2015

Earned Value Mng’t-Project Cost Control ( Training )

3 FOLD Education Centre
March 2014

Continuing Professional Development ( Training )

Philippine Institute of Quantity Surveyors
November 2013

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