Cost Monitoring Lead

Job Summary

Oversees the implementation of cost monitoring activities within assigned projects and ensures accuracy, completeness, and timeliness of cost reports. Supervises cost engineers and coordinates with project teams to maintain effective cost control and reporting processes. Able to lead cost monitoring of projects with overall estimated cost of 2B and below.

Duties and Responsibilities

 KEY FUNCTIONS/DUTIES AND RESPONSIBILITIES:

BUDGET REPORT

·        Prepare monthly cost reports, including new budget report templates and Cost-to-Complete analyses;

·        Update budget reports for all awarded contract packages, change orders, and purchase orders;

·        Maintain updated cost reports for contract listings and variation order listings;

·        Reallocate budget for OSM to serve as a reference for E-procurement and external construction management.

 

BUDGET REALLOCATION AND RECONCILLATION

·        Collaborate with departments such as Business Development, Accounting, Planning, Construction Management, and Contract Administration to facilitate budget reallocation as needed.;

·        Reconcile Budget Report Monitoring with records from Accounting, Contract Administration, and Planning.

 

BUDGET ISSUES

·        Coordinate with various departments (Business Development, Accounting, Planning, Construction Management, Contract Administration) to address budget-related issues and concerns.

 

UNIT COST AND PR MONITORING AND APPROVAL

·        Providing estimated unit cost for the OSM, and coordinate with relevant departments regarding possible budget reallocations for the OSM;

·        Monitor, review, and approve purchase requests (PR) in E-procurement.

 

OTHERS

·        Providing detailed budget data (cost per sqm, unit cost data) that can be easily extracted and identify that will serve as a basis and guide for awarding new contract/assessment of possible change order/extra work, etc.;

·        Collaborate with the PMO to develop and digitize the budget report template and other management-required reports;

·        Supervise sub-ordinates on the given tasks.

 

Technical Competencies and Skills

Knowledgeable in construction materials and work packages, Knowledgeable in Project management / Construction processes, Demonstrates strong written and verbal communication skills., Able to meet deadlines and deliver work promptly, Able to analyze data and produce Budget Reports and Cost-to-Complete Reports., Possesses advanced expertise in Microsoft Excel

Education, Trainings and Licenses Required

• Licensed Engineer (preferably Civil) • With at least 5 years working experience in construction