Cost Control Officer / Contracts Administrator
Empower Contracting
Total years of experience :16 years, 0 Months
Work Duties:
• Consolidate on a monthly basis the parent and subsidiaries; Management Information System (M.I.S) reports, Budget & Cost Controls reports such as cost to complete, detailed variance analysis, revenue recognition, progress billing & collection, project cash flow, cost trending & forecasting analysis…etc. and communicating these to all related parties, highlighting concerns and needs, recommending necessary measures, actions and methods.
• Work closely with project managers, procurement, technical, and Operations Departments to monitor project cost compared to budget and planning schedule.
• Monitors, regularly, the detailed progress of the project to ensure full adherence to work plans within agreed contract.
• Compile potential claim files with all support documentation.
• Determine deduction imposed on company or on subcontractors as per project requirement and the direction of project manager.in accordance to contract signed with main contractor / client.
• Monitor the expenses of the all projects on a monthly basis.
• Ensure that all charges, claims and variation orders are recorded, priced, scrutinized and submitted in a contractually/timely manner.
• Coordinate with the various operations and support units to ensure timely and accurate cost data is available for preparation of monthly cost reports.
• Attends monthly meetings with main contractor / client to discuss the monthly claims & progresses.
• Issue Letter Of Intent and new contracts as per approval given from management (Bilingual).
• Prepare variation orders in relation to contracts as per management instructions.
• Responsible for preparing claim reports for board review and management
• Follow up with subcontractor invoices as approved works via project manager instructions as per hierarchy of approvals.
• Follow up with Accounting Department to update the management with payment status either earned, to be earned or to be provided to subcontractors.
• Review the sub-contractor's claims and request for Extension of Time (E.O.T) and recommend action to the Project Manager.
Initiating:
• Create database of subcontractor rates which helps in future negotiations as a reference
• Create a comprehensive archive filling system to suit contract requirements and maintain project records.
• Manage the documentation of procedures, processes and controls for Quality Assurance department.
• Assist Project Manager to submitting invoices to main contractor/client in a periodic matter.
• Assist Accounting Manager for monthly closing of financial accounts.
• Confirm accuracy of data received from the Accounting Department.