Cost Control Specialist
5 days ago
Omanyp is one of the largest construction companies working across major giga and government projects in the region. We are currently seeking a Senior Cost Control Engineer to join our team.
Responsibilities:- Implementing Management Policies and Procedures: Develop, implement, and maintain management-specific policies and procedures to ensure effective cost control.
- Initiatives and Projects: Implement management initiatives and projects that drive cost optimization and efficiency.
- Cost Monitoring and Reporting: Assist in planning, monitoring, analysis, and controlling project costs, and regularly provide project-related reports on cost control.
- Cost Control Planning: Assist in developing project cost control plans, procedures, systems, and tools used to determine the potential cost scope, project schedule, and reporting.
- Change Requests: Assist in all requests for changes in the established total cost and the impact on the schedule.
- Compliance and Performance: Adhere to approved plans for each project to ensure compliance with costs and performance for the agreed-upon scope of work in all project functions.
- Cost Monitoring: Monitor all fixed and variable costs.
- Cost Allocation: Review direct and indirect cost items and identifying cost centres for each project, allocating each project to its respective cost centre.
- Forecasting: Contribute to the process of preparing monthly and annual cost forecasts.
- Deviation Analysis: Assist in identifying and analysing deviations from the project budget, their causes, risk analysis, and raising the necessary reports, as well as suggesting corrective and preventive actions.
- Price Comparison: Compare actual prices for project requirements with the prices specified in the studies, highlighting deviations from the budget, and studying the feasibility of cost adjustment.
- Schedule and Expenses: Coordinating with project managers regarding schedules, claims, and work items, and studying the impact on direct and indirect expenses.
- Cost Data: Coordinating with the financial management and operations support staff to obtain current and accurate cost data for cost reporting.
- Cost Systems: Developing cost control systems, procedures, and error detection and correction.
- Expense Verification: Monitoring the total project expenses and participating in verifying invoices and claims, ensuring their proper recording.
- Cost Items: Creating cost items and assigning cost codes to procurement items.
- Cost Database: Preparing and updating the cost control management database and preparing monthly cost accounting and forecasting reports.
- Reporting: Ensuring the completion and timely submission of reports, and preparing reports in case of any obstacles or financial risks.
- Purchase Orders: Reviewing purchase orders and ensuring that the cost of required materials and services falls within the project budget and scope before approval.
- Subcontractor Costs: Assigning cost items and preparing deductions and cost recovery from subcontractors when necessary.
- Productivity Reports: Reviewing labour and equipment productivity on-site and providing related reports.
- Management Reports: Preparation of periodic reports on management activity.
- Team Oversight: Oversight of the team's work to ensure achievement of targets and continuous improvement.
- Support Functions: Provide the necessary support to the line manager and perform any other functions in his or her competence.
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