Cost Manager
Batco Construction Group
Total years of experience :16 years, 8 Months
Provided financial progress reports and numerous other financial reports timeously.
•Good skills in dealing with dispute resolutions.
•Successfully ensured the smooth flow of invoices and served as the bridge between the sub - contractor, contracts administrators, project controls team members and the client.
•Achieved timeous payments to sub-contractors as per contractual requirements.
•Ensured the satisfactory promotion of the project controls department at a time when management viewed the department and more especially the profession in an unfavorable light
•Ensured cost reduction, thereby maximizing profits for projects worked on.
•Succeeded in managing costs on projects to the value of approximately AED400 million.
•Succeeded in achieving the maximum possible cash flow received by clients as a result of continuous process improvement and strict adherence to client invoicing processes.
•Successfully trained and mentored numerous individuals over the course of his career.
WBS Coding and budget analysis from BOQ.
•Budget compilation and approval from senior management.
•Cashflow forecast compilation as per primavera programme by planners.
•Reporting of Earned Value and % complete by liaising with the QS, planner, project manager, finance and the storekeeper.
•Updating and monthly finalisation of cost reports.
•Weekly site visits to ensure validity of information as received.
•CBS coding allocations to LPOs.
•Ensuring Forecast @ Completion is accurately reported.
•Ensuring monthly provisions & accruals are in line with project forecasted costs.
Capex analysis and approval.
•Assist the Development team in establishing budgets for the development department and provide realistic cash flow assumptions for the expenditure of these budgets in line with project programme assumptions.
•Maintain a cost control system throughout the project, providing regular financial updates to the development team. Ensure sound financial project management including accurate budget, forecasts to completion, cash flows and financial tracking of key accounts.
•Liaising with the client on project estimating commercial requirements.
•Payment certificate preparations and review + approval prior to payment of subcontractor invoices.
•Ensure that interim and final valuations are prepared and regular (monthly) certificates are issued.
•Support the management and procurement department in any approved Employer’s Change requirements using an agreed Change order process, ensuring the development team approval in line with the development appraisals and board approved sums.
•Provide ongoing development cost and cash flow management through the life cycle of the construction project.
•Support the Project Team in identifying & managing key construction risks and overseeing the resolution of disputes with contractors.
•Analysis of commercial contracts.
•Pricing of Site Instructions.
•Commercial notifications to Sub Contractors.
•Chairing meetings held with sub-contractors.
•Ensuring inter relationships maintained.
•Liaising with subcontractors based on site in terms of contractual requirements of performance.
•Preparations of back charges.
•Analysis of costs related to back charges.
•Preparation of costs related to claims and back charges.
•Analysis of claims.
•Analysis of FIDIC contracts related to performance and commercial requirements.
•Analysis of
PROJECT EXECUTED : ESKOM KUSILE POWER STATION (Supply of Conveyors, Krupp & Schade Machines)Estimated Contract Value - R1, 5 Billion
•Obtain an estimate from the Marketing Department and break the estimate down into the WBS.
•Set a project budget in consultation with the Project Manager.
•Provide budgetary information for tender and adjudication purposes to the Project Manager.
•Approve purchase requisitions that are within the budget.
•Initiate documentation for budget approval of over-run items.
•Capture all expenditure via purchasing and accounts departments.
•In consultation with Project Manager, refine forecast final expenditure.
•Provide cost report timeously for project reviews and report to stakeholders.
•Reconcile, on a monthly basis the cost report to the company accounting system (Oracle).
•In consultation with the Project Manager and Project Engineers, develop change orders on the project to accommodate scope changes.
•Maintain a change order register for the above.
•Set up of Work and Cost Break Down Coding and Structures.
•Ensuring this is imported into Oracle.
•Implementing Work Break Down Coding and Structures.
•Advising and training of Project Personnel in order to effectively ensure understanding of the Work Breakdown and Cost Breakdown Structures that exist in Oracle.
•Use vulnerability schedule and develop scenarios to forecast for vulnerabilities not yet finalised.
•Maintain Global Resource Planning schedules and database.
•Provide Trend Analysis of historical data.
•Numerous assignments involving manipulation and analysis of data in MS Excel.
•Analysis of RFPs and Variation Orders and preparation thereof.
•Analysis of BOQ’s.
•Monthly analysis of man-hour forecast to actual and reporting of variances, including suggestions of solutions to counteract negative variances.
•In consultation with Project Accountants, Planners and Quantity Surveyors finalization of claims in accordance with the planning system and ensuring alignment is established with Planning and Invoicing to client.
•Liaisons with Eskom (Quantity Surveyors and Contracts Managers) on finalization of claim submissions in order to process invoices and ensuring actions arising from meetings are carried out accurately and timeously in accordance to client requirements.
•Preparation of monthly cash flows and associated graphs for internal reporting purposes.
•Preparation of monthly client cash flow graphs.
•Electronic approvals of purchase requisitions on Oracle.
courses: CCP/CCE (Certified Cost Engineering/Cost Professional received from AACEI) •Business Accountant