Cost Control Engineer
Mfaheem Al Emar for Trading and Contracting Company.
Total years of experience :4 years, 3 Months
• Collaborate with project teams to develop comprehensive project budgets, considering all relevant cost elements.
• Ensure accuracy and completeness in budget estimations, considering potential risks and contingencies.
• Implement robust cost monitoring systems to track project expenditures against approved budgets.
• Conduct regular cost analysis and variance reports, providing insights into budget performance.
• Identify and investigate cost overruns, proposing corrective actions as necessary.
• Prepare accurate and timely financial forecasts for ongoing and upcoming projects.
• Generate regular cost reports to keep project teams and management informed of financial status.
• Communicate effectively with stakeholders regarding cost-related matters.
• Evaluate and analyze change orders, assessing their impact on project costs.
• Collaborate with project managers to negotiate and finalize change orders, ensuring alignment with budget constraints.
• Identify potential financial risks and work proactively to mitigate them.
• Develop contingency plans to address unforeseen cost challenges.
• Provide recommendations for risk mitigation strategies related to project costs.
• Study all project documents such as BOQ, drawings, and contract to define project scope, constraints, key dates, contractual milestones, and objectives.
• Create a detailed WBS with correct coding structure for activities.
• Create project baseline schedule through mapping sheet with relation to project BOQ items and activities.
• Determine the projects critical path and the longest path to point out activities on it for focusing on during controlling phase.
• Load resources on projects baseline from material, labor, equipment, cash, etc.
• Prepare a cost breakdown analysis for BOQ work items required for project resources.
• Overlook finishing construction work and make sure it is delivered with quality within the project timeline and budget.
• Follow-up with General Foreman efficient usage of materials to minimize wastage and supervise materials storage area.
• Check the quality of all the materials received on-site and prepare quality reports, defects if any.
• Reviewed and certified payment invoices for subcontractors to ensure compliance with the contract and quality of work completed, resulting in prompt and accurate payment.
• Coordinated with project managers and subcontractors to support project completion on schedule.
• Identified and resolved any issues that arose during the construction process.
