Cost Consultant
6 days ago
Key Responsibilities
- Assist in Cost Measurements: Measure quantities to contribute to cost plans, estimates, and project budgets.
- Participate in Cost Control: Learn to implement and monitor cost control processes to keep projects on track.
- Evaluate Project Changes: Assist in assessing project changes and updating monthly cost reports.
- Support Contract Negotiations: Help prepare and negotiate change orders with clients and contractors.
What We Offer
- Hands-on Experience: You'll work directly on live projects, gaining practical knowledge and industry insight.
- Guidance and Growth: While you'll take on responsibilities, you'll also have the support and mentorship of our senior surveyors.
- Team Collaboration: Work alongside professionals and gain confidence working both independently and as part of a team.
If you're looking to grow your skills and start building a career in project costing, apply now
Qualifications
- Education: Candidates must be actively pursuing a Bachelor's degree in Civil, Electrical, or Mechanical Engineering from an accredited institution.
- Academic Status : Applicants should be on track to graduate in 2025 or 2026. Recent graduates (2023/2024) seeking short-term work placement for professional experience may also be considered.
- Start Date: Jan 2025
- Duration : 1-3 months, depending on individual preferences and project requirements. (can be extended if required)
- Eligibility: As part of AECOM's commitment to Emiratisation and in compliance with UAE labor law, only UAE Nationals with a family book will be considered for this role.
1. Understanding of Cost Estimation
- Learn how to estimate the costs of projects, including labor, materials, and overhead.
- Familiarity with cost estimation software tools or methods like RSMeans or CostX.
- Understanding the differences between direct costs (e.g., materials) and indirect costs (e.g., overhead).
2. Financial Analysis and Reporting
- Ability to assist in analyzing cost data, calculating margins, and performing cost-benefit analysis.
- Developing financial reports, summarizing findings, and providing recommendations to senior consultants.
- Understanding how to track and compare project costs to budgets and forecasts.
3. Budgeting and Forecasting
- Support in preparing and monitoring project budgets.
- Assist in forecasting future costs based on past data, trends, and industry standards.
- Learn how to adjust forecasts based on changing project conditions.
4. Project Management Skills
- Understanding the lifecycle of a project and the role cost consulting plays at different stages (planning, execution, and completion).
- Exposure to project management tools and methodologies, such as Microsoft Project or Primavera.
- Learning how to manage multiple tasks and deadlines in a project environment.
5. Knowledge of Contracting and Procurement
- Gaining insight into how contracts are structured, including fixed-price, time-and-materials, or cost-plus agreements.
- Exposure to procurement processes, such as sourcing suppliers, obtaining quotes, and analyzing vendor contracts.
- Understanding how different contracting methods impact cost structures and project budgets.
6. Industry-Specific Knowledge
- Understanding the industry in which you are consulting (e.g., construction, infrastructure, engineering, or energy).
- Familiarity with pricing trends, industry benchmarks, and cost drivers specific to the sector.
- Gaining an understanding of materials costs, labor rates, and equipment costs in your industry.
7. Attention to Detail
- Reviewing project documents (like contracts, drawings, and specifications) to ensure cost estimates are accurate and aligned with client expectations.
- Ensuring that no detail is overlooked during data collection or reporting.
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