Confidential Company
Prepare and manage project cost estimates, budgets, and financial reports.Monitor and control project costs, ensuring expenditures align with budgets.Conduct cost analysis and identify cost-saving opportunities.Track and review contracts, variations, and claims.Coordinate with project teams to forecast expenditures and manage cost risks.Prepare monthly and quarterly cost reports for management review.Ensure compliance with company policies and financial regulations.Collaborate with procurement and finance teams to optimize cost management strategies.Analyze blueprints and technical documents to prepare accurate cost estimates for projects, ensuring all specifications are met.Engage in continuous improvement initiatives to enhance cost tracking methodologies and reporting accuracy.Develop and maintain detailed project cost estimates, ensuring accuracy and alignment with project objectives.Monitor project expenditures in real-time, identifying variances and implementing corrective actions promptly.Collaborate with project managers to prepare comprehensive project budgets, factoring in all relevant costs.Conduct regular financial reporting and forecasting, providing insights on cost trends and potential risks.Facilitate the completion of monthly financial closure processes, ensuring timely and accurate reporting.Evaluate subcontractor and supplier quotes to ensure competitive pricing and adherence to project budgets.Implement and maintain cost control systems, ensuring compliance with organizational policies and standards.Assist in resource allocation and optimization, ensuring the most effective use of financial resources.Support audits and provide necessary documentation to demonstrate compliance with financial regulations.Develop detailed cost models that incorporate labor, materials, equipment, and overhead to provide comprehensive project financials.Conduct market research to stay updated on industry standards and pricing trends, ensuring competitive and accurate estimates.Collaborate with project managers and engineers to clarify project scope and specifications, minimizing discrepancies in estimations.Utilize specialized software tools for estimating purposes, ensuring efficiency and accuracy in calculations and documentation.Prepare and present cost estimates to stakeholders, articulating the rationale behind figures for increased transparency and trust.Monitor project expenditures and compare them against initial estimates, identifying variances and proposing corrective measures.Participate in bid preparation and proposal development, contributing to successful project acquisition through precise cost analysis.Maintain organized records of estimates, revisions, and correspondence to support future reference and audits.Assist in developing and improving estimating processes and methodologies, fostering a culture of continuous improvement within the team. Bachelor’s degree in Quantity Surveying, Civil Engineering, or a related field.Minimum 10 years of experience in cost control within the construction industry.Strong knowledge of cost management, budgeting, and financial reporting.Proficiency in cost estimation software and MS Excel.Familiarity with contracts, variations, and claims management.Excellent analytical, problem-solving, and negotiation skills.Strong communication and teamwork abilities.
To apply for this job please visit www.naukrigulf.com.