Cost Management Specialist
6 days ago
The Quantity Surveyor will play a key role in delivering high-quality projects on time and within budget. Key responsibilities include:
- Cost Estimation and Budgeting
- Prepare detailed Bill of Material and Bill of Quantities for construction projects.
- Develop and manage project budgets, ensuring costs remain within allocated limits.
- Tendering and Procurement
- Review and analyze tenders to ensure they meet company standards and project specifications.
- Coordinate with suppliers and subcontractors to secure best pricing and value for the project.
- Cost Control and Monitoring
- Regularly monitor and track project costs, comparing actual expenditures to budgeted costs.
- Identify and report potential cost overruns and recommend corrective actions to project managers.
- Contract Administration
- Administer contracts, ensuring compliance with terms and conditions.
- Prepare and issue progress payments, valuations, and invoices to clients and subcontractors.
- Review and assess variations and change orders in coordination with project team.
- Risk Management
- Identify and assess financial risks associated with the project, proposing effective mitigation strategies.
- Conduct value engineering exercises to optimize costs without compromising project quality.
- Reporting and Documentation
- Prepare and present regular financial reports to senior management, outlining project costs, forecasts, and potential issues.
- Maintain and manage all project-related documentation, ensuring accurate and timely records of costs, contracts, and communications.
- Collaboration and Communication
- Work closely with project managers, engineers, and other stakeholders to ensure smooth project delivery.
- Resolve any cost-related disputes or issues, fostering good working relationships with clients, contractors, and suppliers.
- Education
- A degree in Electrical or Mechanical Engineering, or a related field.
- Experience
- Minimum 5 years of experience as a Quantity Surveyor in a general contractor or construction environment.
- Technical Skills
- Proficiency in cost estimation software (e.g., Plan swift, CostX, Builder trend).
- Advanced knowledge of MS Excel for cost tracking and financial reporting.
- Familiarity with construction methodologies and industry standards.
- Communication and Interpersonal Skills
- Excellent written and verbal communication skills.
- Strong negotiation and conflict resolution skills.
- Other
- Strong attention to detail and ability to work under pressure and meet deadlines.
- Ability to work independently and as part of a collaborative team.
- Knowledge of relevant construction laws and regulations.
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