Job Description
Pre-Contract Duties:
- Prepare detailed cost estimates for construction projects, including labor, material, and overhead costs.
- Assist in the preparation of tender documents, contract specifications, and project proposals.
- Review project plans, designs, and specifications to ensure accurate cost estimations and budgeting.
- Conduct value engineering exercises to ensure cost-effective project delivery.
- Evaluate subcontractor bids and ensure that they align with project requirements and specifications.
Cost Control and Management:
- Monitor and control project costs to ensure they remain within the approved budget.
- Track material and labor costs throughout the project lifecycle and provide timely cost reports to management.
- Identify potential cost overruns and develop strategies to mitigate financial risks.
- Implement cost-saving initiatives and ensure project value for money.
- Prepare and manage cash flow forecasts, ensuring the timely release of payments for contractors and suppliers.
Post-Contract Duties:
- Administer contracts and ensure compliance with terms and conditions.
- Measure work performed on-site, including progress billing and verification of quantities.
- Prepare interim and final payment certificates for contractors and subcontractors.
- Review and assess variations and claims, ensuring they are processed in a timely and accurate manner.
- Ensure that all variations and changes in the contract scope are properly documented and approved.
- Conduct regular site visits to assess progress, verify quantities, and resolve any discrepancies.
Reporting and Documentation:
- Prepare detailed monthly reports on project costs, including budget status and forecasting.
- Maintain accurate records of all financial transactions, agreements, and changes related to the project.
- Develop and present reports to senior management, providing recommendations on how to improve cost efficiency.
- Prepare and submit final accounts for projects, including reconciliation of any outstanding payments.
Collaboration and Communication:
- Collaborate with project managers, engineers, architects, and other stakeholders to ensure the project is delivered on time and within budget.
- Provide cost-related advice and support to the project team during the design, procurement, and construction phases.
- Participate in project meetings, providing updates on cost performance, and highlighting any potential risks or issues.
Risk Management:
- Identify and assess financial risks throughout the project lifecycle.
- Develop strategies to minimize financial exposure and ensure project cost objectives are met.
- Monitor changes in laws, regulations, and industry standards that may affect project costs.
