Cost Manager
Job Description
Job description / Role
• Responsible for oversight of Cost Management activities for the Projects.
• Chair and minute the Monthly Cost, Schedule and Procurement Review for the Projects.
• Review and prepare monthly accruals for the Projects.
• Provides input to and assists in the development and compilation of the Project Executive Monthly Report
• Implements Project Cost Management Procedures including Change Management and cascade procedure implementation with PMC organizations
• Undertakes independent Contractor Claim and Variation analysis as requested by Project organization.
• Participates in commercial bid evaluation for major packages of works.
• Audits PMC cost management activities with respect to budget control, change control and contingency analysis and to support the coordination of the Change Management process for the project
• Develops OOM Capital Cost estimates for Project strategic purposes.
• Performs detailed review of PMC developed Capital Cost Estimates
• Maintain and manage the cost report and provide regular updates on financial position
• Assist in the development, validation and maintenance of the project schedule
Pre-Contract
• Developing cost plans and estimates through the design phase, delivering updated cost plans at appropriate design milestones.
• Providing commercial input to design optioneering and input into value engineering exercises.
• Reviewing contractor and subcontractor pricing and leading negotiations on behalf of the client to drive fair contract prices.
Post-Contract
• Perform quantity surveying, cost controls, and change management activities throughout the project life cycle.
• Ensure that post-contract cost variances and change control processes are managed effectively.
• Ensure that cost auditing and valuation work is managed effectively and that a robust process for cost validation is in place.
• Ensure that final accounts are negotiated and agreed in a timely manner.
• Compile as built cost estimate records for bench marking purposes.
