Sr. Cost Consultant/ Sr. Cost Manager/ Sr. Commercial Manager – (Head office)
Dar al Riyadh
Total years of experience :16 years, 6 Months
• Provided expert cost estimation and budgeting support to a diverse client portfolio, ensuring accurate project cost predictions and alignment with financial objectives.
• Conducted comprehensive financial analysis, identifying cost-saving opportunities and recommending optimization strategies that resulted in \[X\]% reduction in project costs.
• Collaborated closely with project teams to develop accurate cost models and forecasts, ensuring successful project execution while maintaining strict adherence to project timelines.
• Analyzed cost drivers and market trends, offering strategic insights and recommendations for cost-effective solutions that enhanced overall project efficiency.
• Stayed updated on industry regulations and compliance requirements, ensuring precise cost estimations and financial analysis aligned with current standards.
• Developed and maintained strong client relationships by understanding unique needs and delivering tailored cost consultancy services, resulting in \[X\]% client satisfaction.
• Conducted regular cost reviews and audits, identifying potential risks, inefficiencies, and areas for improvement, and implementing corrective actions that reduced project overruns by \[X\]%.
• Prepared detailed reports and presentations, effectively communicating complex cost analysis findings to clients and stakeholders, resulting in informed decision-making.
• Supported the delivery of consistent cost management structures for stand-alone projects, ensuring optimal resource allocation and cost control.
• Played a key role in rolling out emerging standard tools and processes for clients' projects' life cycle development and execution phases, ensuring uniformity and efficiency.
• Supported major and complex projects by providing cost management solutions that contributed to successful project completion within budget constraints.
• Assisted in the development of project cost breakdown structures (CBS) and populated them from clients' estimates, ensuring accuracy in cost allocation.
• Generated accurate monthly cost reports, highlighting variances and fluctuations against approved Authorities For Expenditure (AFEs), enabling proactive decision-making.
• Contributed to the change management process by analyzing trends and highlighting potential impacts of changes on project costs, mitigating potential risks.
• Participated in peer reviews and Assurance events, upholding quality standards and ensuring accurate cost estimations.
• Maintained consistency in cost bases through rigorous adherence to clients' controls processes, enhancing transparency and accountability.
• Acted as a subject matter expert, providing guidance and training to junior consultants and team members, fostering their professional growth and development.
Pre and post-contract duties including preparation of cost estimates, procurement and tendering, contract administration, variation, final account, etc.
• Interfacing with the client and other consultants, presenting updates to the client at all project stages.
• Completing feasibility studies and writing procurement reports.
• Estimating and cost planning to include producing and presenting the final cost plan.
• Tendering and procurement activity, including managing the pre-qualification stage, producing the tender list, preliminaries, tender analysis, tender report and compiling the contractual documents.
• Taking responsibility for timely and accurate cost checks and valuations.
• Producing monthly post-contract cost reports and presenting them to the client.
• Participate effectively with post-contract cost variances and the change control processes.
• Perform cost risk analysis and provide input into value engineering; negotiate and approve final accounts.
• Maintain central feedback and learning on cost estimating from prospects and projects and contribute to updating of best practices in estimating.
• Establishing friendly, professional, and appropriate relationships with clients, colleagues and other parties involved in the projects and programmes we support.
• Administering a variety of contracts in accordance with project objectives and policies.
• Providing accurate project cost monitoring, forecasting, and reporting to completion in line with budget.
• Proactively monitoring and managing cost variance and contract cash flow and ensuring that applications are made correctly and in a timely manner.
• Collaborating with client and contractor teams to manage the delivery of project deliverables, KPIs, and objectives, including programme performance, cost control, and value engineering.
• Managing contract change effectively, ensuring that projects remain within governance and adopt best practice.
• Driving improvements in the accuracy of forecasts and budgets.
• Proactively providing sound commercial knowledge and support to all stakeholders.
• Ensuring that final accounts are negotiated and agreed.
• Prepared detailed Quantity Take Offs and Bills of Quantities, adhering to recognized standards such as NRM1, NRM2, NRM3, CSI DIV 16 & DIV 50.
• Developed accurate Estimation and Cost Proposals for Variation Instructions, presenting submissions to Clients/Consultants and guiding negotiations to reach a final agreement.
• Collaborated with Cost consultants to negotiate and finalize variation orders, ensuring alignment with project requirements and budget considerations.
• Generated Interim Valuations, engaging with Clients/Consultants for approval and maintaining transparent communication throughout the process.
• Produced comprehensive Work Service Orders and Subcontract Agreements for Subcontractors, outlining terms and expectations clearly.
• Reviewed, assessed, and issued Payment Certificates to Subcontractors, ensuring timely and accurate compensation for services rendered.
• Supported the Procurement Department by providing allowable cost data, contributing to cost-effective material procurement decisions.
• Actively participated in Internal Cost Meetings and Commercial Constraints meetings, providing insights to optimize project financial management.
• Facilitated the Construction Team's productivity assessment by furnishing Labor Allowable information, leading to accurate labor productivity reports.
• Conducted project status analysis and forecasted future financial scenarios through Cost to Complete Analysis, aiding in strategic decision-making.
• Prepared, monitored, and updated Cost Value Reconciliation reports, ensuring cost control and efficient resource allocation.
• Orchestrated the preparation of final accounts upon project completion, ensuring accuracy and adherence to contractual obligations.
• Assisted in drafting sub-contract agreements and collaborated with Contracts Manager to formalize contractual agreements.
• Evaluated Subcontractor's monthly Interim Payments, further generating Interim Payment Certificates for sub-contractors and suppliers at regular intervals.
• Successfully negotiated and settled final accounts for Sub-contractors and suppliers, fostering strong working relationships and timely financial closure.
List of Major Projects with Saudi Oger Ltd
Programme 1: Construction of KACWC (ITHARA) - Dhahran
(Saudi Oger Ltd)
Client
Consultant
Project Cost : Saudi Aramco (SAPMT)
: Buro Happold
: 5.5 billion SAR
Programme 2: Design and Construction of MOI-King Abdullah Project-1
Development for Civil Defence 303 projects spread in five (5) Regions of Saudi Arabia Northern, Eastern, Southern, Western & Central, consisting of prototypes from PT-01 to PT-21 in the said regions. These buildings are categorized into Security Management, Detention & Forensic Laboratories, Police Stations & Fire Stations, Traffic and other defence-related operational buildings.
Client : Ministry of Interior-Saudi Arabia.
Consultant : Khatib & Alami
Total cost : 4.5 Billion SAR (1.20 Billion USD)
Urban & Rural Electrical Distribution & Transmission project, India.
Main Client: Maharashtra Electrical Distribution CO (MEDC)
Contractor: Supreme Power System Ltd
Total Cost: 120 Mn INR
Design and Construction of ROP Residential Buildings (Teejan Oman)
Client : ROP OMAN.
Consultant : Elegant Design and Consultants
Total cost : 12 Million RO (31.17 Million USD)
Design and Construction of Administrative Headquarter Building, Prototype Industrial Unit & Ware House at Salalah Free Zone, (Teejan Oman)
Client : Salalah Free Zone, OMAN.
Consultant : Samer Engineering / Aba projects Pvt Ltd
Total cost : 10 Million RO (25.98 Million USD)
P.W.S. PROJECT, High Raised Residential Buildings at Hyderabad, India
Client: Power Welfare Society.
Consultant: Tempus Infra Projects
Total cost: 200 million INR (3.11 MUSD)
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Advanced Course: Quantity Surveying in Practice* Course