Key Accountabilities & Responsibilities:

Understand all relevant documentation pertaining to the project including scope of services, conditions of contract, project execution plan, project schedule, etc
Work within standard project cost engineering procedures Ensure that these procedures comply with contractual reporting requirements and, if not, modify accordingly
Prepare activity plans to accomplish all work required by the procedures
Liaise with client project control personnel as necessary
Prepare manhour, material quantity and cost budgets from the cost estimate and update them on approval of contract changes and budget transfers
Disseminate budget information to all operating groups, providing clarification and additional information where required and ascertaining commitment to budgets as the cost target
Generally, install cost awareness in the project organisation such that capital costs are controlled and changes to work scope are identified and quantified
Obtain from operating groups, the latest information pertinent to cost analysis and ensure its accuracy and completeness Attend meetings concerning cost matters
Maintain a comprehensive material and construction quantity control and reporting system to include the current status of budget, material take-off and forecast quantities
Liaise with Project Planning Engineer on analysis of project status Review the impact of cost and schedule changes upon each other
Identify and analyse deviations and trends against the budgets Investigate such deviations with the relevant group and advise Project Manager of issues requiring corrective action
Establish and maintain all cost recording documentation Provide comprehensive cost analysis and prepare forecasts of final project costs
Liaise with Field Cost Engineer/Construction/Site Manager and review field cost reports and associated information for inclusion in the overall project cost report
Review overall project status and forecast with Project Manager each month
Prepare monthly cost reports with supporting narratives
Prepare and issue monthly cost action reports to the Project Manager to include cost report summaries, exclusions, potential cost problems and recommend corrective actions
Prepare monthly Project Cost Report and associated back-up for review with Project Manager, HOD Cost Engineer and Project Controls Manager as necessary
Prepare quarterly (CPR) and associated back up for review with Project Manager, HOD Cost Engineer, Project Controls Manager, and Executive and Corporate Representatives as necessary
Audit of invoices and payment certificates prior to payment by either the client or company accounts
Ensure reconciliation between project cost report and accounts cost and billing information
Prepare final project statistics and advise effectiveness of procedures and systems for possible development on future projects
When nominated, act as a sponsor to trainees, regularly review their progress and make periodic reports to the Manager Project Controls
Perform any other functions as directed by the HOD Cost Engineer