COST CONTROL ENGINEER
Drake & Scull International PJSC
مجموع سنوات الخبرة :21 years, 1 أشهر
Preparation of Annual Budget Estimate.
Preparation of budget for the newly awarded projects based on the tender guideline.
Study the Contract scope, requirements, direct & indirect cost assessments, cost allocations, analyzing budget vs. actual and produce reports on cost variance and tracking direct, indirect costs relating to the project.
Assist the Cost Control Manager in managing of departmental works, monitor and focus on each Project Status and Site Construction.
Evaluate the costs and send feedback to Project Management Team upon receiving the Cost Report.
Organize monthly Cost Review meeting and monthly Cost Control presentation for divisional meetings propose Cost Control Solution to Management.
Monitoring the status of the Project’s Cost budgets and controlling the budget variances, reporting necessary suggestions to the Project Management Team in a timely manner.
Provide advice on the running project cost status to the management team or the project team in order to rectify the issue.
Interface with the accounting group to ensure that invoicing and local expenses are properly being tracked. Supervision of accounting teams efforts relating to local expenses, and invoicing to the client.
Prepare & Update the PMMR Project Monthly Management Report.
Estimation of EAC (Estimate at Completion) based on Committed Cost & Cost to Complete in line with BAC (Budget at Completion). Obtain performance measurements Earned Value EV-Budgeted Cost Work Performed (BCWP) based on the work progress, , Actual Cost Work Performed (ACWP), Cost Variance (CV), Cost Performance Index (CPI), Schedule Variance (SV), Schedule Performance Index (SPI), “Profit Margin & Profit Markup” based on EAC & BAC and Comparison of Actual Vs Budget, BAC Vs EAC and provide the project status report for Management review.
Prepare Project Status Summary, Contract Value Summary, & Monthly Progress Summary.
Prepare Progress Billing curve based on planned, actual and certified values.
Prepare cost to complete status with respect to material, labour and prelims (staff salaries / others) including the details of committed cost and cost at completion.
Prepare and update the preliminaries forecast including the month-wise forecast based on the staff histogram which shall provide the month wise committed cost & cost to complete related to the management / engineering and project staff salaries.
Prepare Cash Flow Report, Payment Schedule Summary.
Prepare Variations and Claims Schedule which shall include all variations and claims to the contract with required details.
Prepare Project Register (includes Material Submittal Register, Drawing Submittal Register, Purchase Order Register, LC Register, etc.), & Risk Register.
Management of Budget Change or Transfers, Allocation of Budget to Procurement Packages.
Estimation of Manpower budget in line with the planned program of works.
Estimation of Material budget with the help of concerned engineers.
Providing support to PM in tracking and following up project invoices and payments due.
Reviewing contractors Payment Certificates, Invoices & Supporting documents related to PC & Verifying invoices in relation to Contracts, Administers contractor's reimbursement & valuation submissions, & coordinates with the Finance Department.
Maintain the records of retention & warranties and preparation of Payment Certificates.
Maintaining & Publishing the project contract status report on monthly basis to PM.
Liaises with Legal and Finance Departments when required in relation to contractual and commercial requirements.
Identify risks and opportunities in the contract and Liaise with Project Manager, advising PM of changing risk profile at various stages of project.
Providing input & reviewing the commercial aspect of Performance Reports on Contractors.
Participating to negotiations with Main Subcontracts (such as rate negotiation, claim, change orders).
Prepares contractual and commercial aspects of any support works.
Preparation of budget estimates for contract works.
Review the scope of work, developing suitable pricing structure (cost estimates).
Prepare pre-qualification tenders for various types of contracts.
Review and understand terms & conditions and obligations in the assigned contract.
Estimation of Manpower budget in line with the planned program of works.
Estimation of Material budget with the help of concerned engineers.
Check & Monitor Contract Costs, Estimating Contractors Performance & Reporting.
Co-ordinates with Engineers to prepare detailed scope of work & pricing.
Reviewing the daily work orders & Identify works to be carried out by contractors at site & Check the carried out works are within the Contractual Scope.
Reviewing contractors Payment Certificates, Invoices & Supporting documents related to PC & Verifying invoices in relation to Contracts.
Providing support to PM in tracking and following up project invoices and payments due.
Providing support to supply chain in handling contractual matters with main subcontractors.
Maintaining & Publishing the project contract status report on monthly basis to PM.
Preparing legally binding LOI, Contracts & Change Orders.
Negotiating and monitoring Contracts and Frame Agreements in the most economically advantageous manner, in accordance with corporate procedures.
Finalizes with successful contractor & the contract documentation.
Assist the Senior Contracts Engineer when requested in the execution of their responsibilities and duties &perform other duties as directed by the Senior Contracts Engineer.
Identify risks and opportunities in the contract and Liaise with Project Manager, advising PM of changing risk profile at various stages of project.
Assists in evaluating contractor's request for approval of vendors and sub-contractors.
Reviews, advises and negotiates as part of constituted team, revised terms, variation order requests, change orders, claims in liaison with responsible management.
Providing input & reviewing the commercial aspect of Performance Reports on Contractors.
Conducts all work activities in a safe and environmentally responsible manner at all times, Complies with the company’s QHSE management system and reports all incidents and near misses to QHSE representative.
Project scheduling and cost estimating for both active and planned projects.
Prepare the budget for the newly awarded projects based on the tender guideline and Budget Verification.
Study the Contract scope, requirements, direct & indirect cost assessments, cost allocations, analyzing budget vs. actual and produce reports on cost variance.
Assign cost codes for BOQ items and rectification of cost codes according to project material specifications, drawings etc.
Modification of budgets according to labor productivity, equipment output, material usage, wastage etc
Preparations of cost analysis and unit rate build ups.
Perform estimation works for tenders, variations and project billing / invoicing.
Prepare progress report with cost codes and monitor job costing system.
Tracking direct, indirect costs relating to the project. Interface with the accounting group to ensure that invoicing and local expenses are properly being tracked.
Management of Budget Change or Transfers, Allocation of Budget to Procurement Packages.
Develop project cost estimates to support all phases of project development.
Develop Capital/Expense Splits, Expenditure Profiles. Develop early project schedules.
Plan, coordinate and report financial cost for large scale construction projects in every aspect from development and review of estimates to cash flow projection, invoice reviews and approvals, preparation and issue of cost reports, risk assessment & forecasting.
Liaise with contract department to review monthly Revenue.
Review with Management the major changes in the Expenses Revenue.
Project scheduling and cost estimating for both active and planned projects.
Prepare the budget for the newly awarded projects based on the tender guideline and Budget Verification.
Study the Contract scope, requirements, direct & indirect cost assessments, cost allocations, analyzing budget vs. actual and produce reports on cost variance.
Assign cost codes for BOQ items and rectification of cost codes according to project material specifications, drawings etc.
Modification of budgets according to labor productivity, equipment output, material usage, wastage etc
Preparations of cost analysis and unit rate build ups.
Perform estimation works for tenders, variations and project billing / invoicing.
Prepare progress report with cost codes and monitor job costing system.
Tracking direct, indirect costs relating to the project. Interface with the accounting group to ensure that invoicing and local expenses are properly being tracked.
Management of Budget Change or Transfers, Allocation of Budget to Procurement Packages.
Develop project cost estimates to support all phases of project development.
Develop Capital/Expense Splits, Expenditure Profiles. Develop early project schedules.
Plan, coordinate and report financial cost for large scale construction projects in every aspect from development and review of estimates to cash flow projection, invoice reviews and approvals, preparation and issue of cost reports, risk assessment & forecasting.
Monitor and control the cost percentage on a periodic basis to minimize deviations.
Review monthly wastage and provide recommendations to management to minimize it.
Record, classify and summarize Financial Transactions / Events in accordance with generally accepted accounting principles.
Use various software applications, such as spreadsheets, relational databases, statistical. packages and graphic packages to assemble, manipulate and/or reports.
Review with Finance and Admin Manager Computation of expenses and revenues deferred and accrued.
Liaise with contract department to review monthly Revenue
Review with Management the major changes in the Expenses Revenue
Tender & Contract Comparison (Drawing)
Performed Quantity take-off using TDS sheet
Estimated construction design development estimates
Obtained and analyzed the quotations from Sub-contractors and Suppliers, Verified the quantities of Subcontractor’s Invoice
Estimated labor and material costs, preparation of detailed cost estimates, preparation of tender packages
Prepared Job Cost Analysis for the job to be carried out
Prepared Bill of Quantity for awarded project
Analyzed actual costs against planned costs
Value Engineering, Preparation of Final Account.
Prepared monthly interim payment applications, crossed checked against materials used
Cash Flow Forecast and Monitoring
Valuation of Variations and Contractor’s Instructions
Delay and Disruption Notifications in line with Conditions of Contract and Delay Claims
Verified the quantities of Subcontractor’s Invoice
Preparation of Final Account
Verification of material submittals forwarded by suppliers in compliance with project specifications.
Having knowledge in LV Distribution System, Diesel Generator System, Emergency Lighting System, Fire Detection Evacuation and Security System, Interactive TV, BGM, CCTV, PABX, and Structure Cabling System
Responsibilities to inspect site work in line with shop drawing, specifications etc., and raise inspection request and co-ordinate with consultant, architect for system approval
Responsibilities to check and monitor MEP work status in order to give clearance for ceiling closure to hand over the area within a target time schedule
Testing & Commissioning of LV system DB's, SMDB's, MDB's as per the approved drawing and preparing test formats in a QA/QC standard procedure for consultant approval
Design Co-ordination & Installation of low current systems such as CCTV, PABX, SMATV, Access Control